Bank Holidays In November 2023: Banks Will Be Closed For 15 Days In November Including Two Long Weekends, Check List

Bank Holidays November 2023: After the list of October 2023 bank holidays, it's time for the 11th month of 2023, and with it comes a new set of bank holidays.?

Banks will be closed for 15 days in November 2023 including second and fourth Saturdays and Sundays. As per the Reserve Bank of India (RBI) guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments.

The month of November observes 15 bank holidays - the first holiday starts from Karwa Chauth on Wednesday, November 01st, and other holidays like Guru Nanak Jayanti on Tuesday, November 27th will be observed holidays which are applicable to all banks in India except some states.

Bank Holidays In November 2023 | Photo: Indiatimes

Most Indian banks’ functions are regulated by the Reserve Bank of India, and banking schedules and holidays are also governed by the Reserve Bank of India (RBI) regulations. Public sector banks and private sector banks both are not working on Sundays and on second and fourth Saturdays.

Bank holidays in India come in a variety of flavours -- it's a mix of mandated holidays by the banking sector, plus a whole set of festive and commemorative holidays authorised by various states.

In November 2023, there are only 15 days when many private and public sector banks will remain closed due to bank holidays including the second and fourth Saturdays and all Sundays as per the Reserve Bank of India (RBI) guidelines.?

However, people will not face any problems with bank-related work as holidays are not frequent or are at short intervals; ATMs, cash deposits, online banking, and mobile banking will continue to function. These holidays in November vary from state to state as holidays are determined keeping in mind the local festivals.?

Banks will be closed on all public holidays with some regional holidays, depending on the particular state. Regional holidays are decided by the respective state governments; they are not mentioned on RBI's official website.?

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month. Under the Negotiable Instruments Act, RBI has declared bank holidays on November 01,10,13,14,15,20,23,27 and 30. Apart from this, there are four Sundays in November falling on November 05, 12, 19, and 26 also on the second and fourth Saturdays on November 11 and November 25.

According to the Reserve Bank's calendar, apart from the weekends, there are 09 bank holidays in November. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881.

Those who have important work related to the bank in November, should see the list of holidays and plan their work in advance.

Bank Holidays In November 2023

Check out the state-wise list of bank holidays in November 2023:?

(Please note that the below list includes the general bank holidays and State-specific holidays may vary for the month of November 2023, and it is advisable to check with your local bank branch for any additional holidays that may apply.)

1. Bank Holidays on November 1st (Wednesday): Kannada Rajyothsava/Kut/Karva Chauth

Banks will be closed on November 1st in Karnataka, Manipur, and Himachal Pradesh due to Kannada Rajyothsava/Kut/Karva Chauth.

2. Bank Holiday on November 5th (Sunday): Weekend

Banks across the country will be closed on their weekly off on Sunday, 05 November 2023.

3. Bank Holidays on November 10 (Friday): Wangala Festival

Banks will remain closed on November 10th in Meghalaya on the occasion of the Wangala Festival.

4. Bank Holiday on November 11th (Saturday): Second Saturday

Banks will be closed due to the second Saturday holiday across the country on 11 November 2023.

5. Bank Holiday on November 12th (Sunday): Weekend

Banks across the country will be closed on their weekly off on Sunday, 12 November 2023.

6. Bank Holiday on November 13th (Monday): Govardhan Pooja/Laxmi Puja (Deepawali)/Diwali

Banks remain shut on November 13th on the occasion of Govardhan Pooja/Laxmi Puja (Deepawali)/Diwali in Tripura, Uttarakhand, Sikkim, Manipur, Rajasthan, Uttar Pradesh,?

7. Bank Holiday on November 14th (Tuesday): Diwali (Bali Pratipada)/Deepavali/Vikram Samvant New Year Day/Laxmi Puja

Banks will be closed due to Diwali (Bali Pratipada)/Deepavali/Vikram Samvant New Year Day/Laxmi Puja in Gujarat, Belapur, Karnataka, Sikkim, and Maharashtra on November 14th.

8. Bank Holiday on November 15th (Wednesday): Bhaidooj/Chitragupt Jayanti/Laxmi Puja (Deepawali)/Ningol Chakkouba/Bhratridwitiya

Banks remain shut on November 15th on the occasion of Bhaidooj/Chitragupt Jayanti/Laxmi Puja (Deepawali)/Ningol Chakkouba/Bhratridwitiya in Sikkim, Manipur, Uttar Pradesh, West Bengal and Himachal Pradesh.

9. Bank Holiday on November 19th (Sunday): Weekend

Banks across the country will be closed on their weekly off on Sunday, 19 November 2023.

10. Bank Holiday on November 20 (Monday): Chhath (Morning Arghya)

Banks observed a holiday in Bihar and Jharkhand due to Chhath (Morning Arghya) on November 20th.

11. Bank Holiday on November 23rd (Thursday): Seng Kutsnem/Egaas-Bagwaal

Banks will be closed in Uttarakhand and Meghalaya on November 23rd due to Seng Kutsnem/Egaas-Bagwaal.

12. Bank Holiday on November 25th (Saturday): Fourth Saturday

Banks across the country will be closed on their weekly off on the fourth Saturday of the month on 19 November 2023.

13. Bank Holiday on November 26th (Sunday): Weekend

Banks across the country will be closed on their weekly off on Sunday, 26 November 2023.

14. Bank Holiday on November 27th (Monday): Guru Nanak Jayanti/Karthika Purnima/Rahas Purnima

Banks will be closed on the celebration of Guru Nanak Jayanti/Karthika Purnima/Rahas Purnima across the country except for Gujarat, Karnataka, Tamil Nadu, Sikkim, Assam, Hyderabad (Andhra Pradesh), Manipur, Kerala, Goa, Bihar and Meghalaya.

15. Bank Holiday on November 30th (Thursday): Kanakadasa Jayanthi

The bank will be closed on November 30th in Karnataka due to Kanakadasa Jayanthi.

Long weekend holidays in November 2023

In November, there's going to be a long weekend holiday from the 11th to the 14th in many Indian states. In most cities, banks will be closed on the 13th and 14th of November due to the Diwali festival. The 11th is a Second Saturday, and the 12th is a Sunday. In a few states, banks will also have a holiday on the 15th of November for Bhaidooj, Chitragupt Jayanti, Laxmi Puja (Deepawali), Ningol Chakkouba, and Bhratridwitiya.

In November, we'll have another extended weekend. Banks will be closed from the 25th to the 27th of November because of the 4th Saturday, Sunday, and special holidays like Guru Nanak Jayanti, Karthika Purnima, and Rahas Purnima.

Types of holidays in India:

There are two types of holidays observed in India, National Holidays and Government Holidays.

National holidays

- National Holidays (Gazetted holidays)which include Republic Day, Independence Day, and Mahatma Gandhi Jayanti. On National holidays banks, schools, government offices, and other types of private sectors remain shut across the country.

Government holidays

- Government holidays in India are classified into two types: state government bank holidays and central government bank holidays. State government bank holidays are observed only in the respective state, while central government bank holidays are observed across the country. For example, Himachal Day is a bank holiday in Himachal Pradesh, but it is not a bank holiday in other states. Similarly, Onam is a bank holiday in Kerala, but it is not a bank holiday in other states. On the other hand, Republic Day, Independence Day, and Gandhi Jayanti are all central government bank holidays that are observed across the country.