Bank Holidays 2024: Are Banks closed tomorrow, October 17 on Valmiki Jayanti and Kati Bihu? Check here

Bank Holidays 2024: In India, banks close on both national and state-specific public holidays. National holidays include important dates like Republic Day (26th January), Independence Day (15th August), and Gandhi Jayanti (2nd October). Other widely celebrated festivals such as Diwali, Christmas, Eid, Guru Nanak Jayanti, and Good Friday also lead to bank holidays. In addition, banks are closed on the second and fourth Saturdays of each month.

Bank Holidays Tomorrow: October 17, 2024

According to the Reserve Bank of India's (RBI) holiday list, both public and private banks will be closed tomorrow. If you plan to visit the bank on October 17, 2024, it's important to note the upcoming bank holidays. However, the closure of banks differs by city, so checking the local holiday schedule is essential to avoid any confusion.

On October 17, banks in cities like Bengaluru, Guwahati, and Shimla will be shut due to Valmiki Jayanti and Kati Bihu. However, banking services in other cities will continue as normal, so be mindful of where you're located.

What If You Need Cash on Bank Holidays?

Although banks will be closed in certain states tomorrow, you can still access your accounts via online banking and mobile apps, which are available 24/7. Additionally, ATMs will remain operational, allowing you to withdraw cash even on bank holidays.

Types of Bank Holidays in India

The Reserve Bank of India (RBI) sets the bank holiday schedule, which includes three categories of holidays:

• Holidays under the Negotiable Instruments Act
• Real Time Gross Settlement (RTGS) Holidays
• Bank Closing of Accounts Holidays

India's diversity means that bank holidays can differ not only between states but also between cities, making it crucial to check your local holiday list.

Saturday Bank Holidays in 2024

Alongside festive holidays such as Valmiki Jayanti and Kati Bihu, it’s important to remember that banks close on the second and fourth Saturdays of each month. If a month has a fifth Saturday, banks will operate as usual on that day. In earlier years, banks used to remain open for half a day on Saturdays, but this practice has since changed.

If you need to visit a bank on October 17, 2024, be sure to confirm if your area is observing the bank holidays so you can plan accordingly.

Valmiki Jayanti

Maharishi Valmiki Jayanti is a Hindu festival celebrating the birth of Maharishi Valmiki also known as ‘Adi Kavi’, a revered Hindu scholar and sage who authored the Ramayana, one of Hinduism’s most important epics. Also called Pragat Diwas, people celebrate this day by reciting verses from the Ramayana at Valmiki temples across the country. One of the most famous temples dedicated to the sage is in Thiruvanmiyur, Chennai. The 1,300-year-old temple is thought to be the place where Valmiki rested after writing the Ramayana, which consists of 24,000 verses and 7 sections.

Kati Bihu

Kati Bihu is a joyful Assamese festival that celebrates the replanting of rice saplings and is also known as Kongali Bihu. It is one of three Bihu festivals in Assam, all linked to farming. During Kati Bihu, people light earthen lamps and candles, especially placing a diya near the Tulsi plant. The traditions include waking up early, cleaning the home, offering water to the Tulsi plant, and lighting lamps called "Akash Banti" in the paddy fields.

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