Diwali Bank Holidays 2024: Banks to remain closed for four consecutive days - Deepawali, Govardhan Puja, Bhai Dooj

Diwali Bank Holidays 2024: Diwali, one of India’s biggest festivals, is around the corner, and with it comes several bank closures across different states. According to the Reserve Bank of India (RBI) holiday schedule, banks will be closed for 15 days in October 2024, including regular closures on Sundays and the second and fourth Saturdays. During the Diwali celebrations, banks across the country will be shut for four consecutive days, starting from Thursday, 31st October.

According to the Reserve Bank of India's (RBI) holiday list, both public and private banks will be closed during Diwali festivities. If you plan to visit the bank from October 31, 2024, to November 3, 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.

Diwali Bank Holidays 2024: Important Dates to Note

The Diwali celebrations last for five days, starting with Dhanteras on Wednesday, 30th October, and ending with Bhai Dooj on Sunday, 3rd November. Banks will be closed starting from Thursday, 31st October, to mark the Diwali festival. Below are the key dates to be aware of:

Please note:?Several states, such as Andhra Pradesh, Goa, Karnataka, Kerala, Puducherry, Telangana, and Tamil Nadu, will observe Diwali as a bank holiday on Thursday, 31st October. Additionally, many other states, including Delhi, Maharashtra, Uttar Pradesh, and West Bengal, will also celebrate Diwali on the same day, with some having additional regional holidays on Friday, 1st November.

What to Do If You Need Cash During Bank Holidays?

Although banks will be shut during the Diwali holidays, you can still manage your banking needs through online banking, mobile apps, and ATMs, which remain available 24/7. This allows you to transfer funds, check your account balance, or withdraw cash even when banks are closed.

Different Types of Bank Holidays in India

The RBI sets different types of bank holidays in India, which can vary from state to state. The three main categories of bank holidays are:

Holidays under the Negotiable Instruments Act

These are public holidays, including major festivals and local observances, during which banks stop all operations.

RTGS Holidays

These holidays mean the Real-Time Gross Settlement (RTGS) system does not operate, though other banking services might still be available.

Bank Account Closing Holidays

These holidays are observed at the end of the financial year when banks close accounts and settle finances.

National and Government Bank Holidays

Bank holidays in India are generally divided into two main categories: national holidays and government holidays.

National Holidays

National holidays such as Republic Day, Independence Day, and Gandhi Jayanti are celebrated across the country. On these days, banks, schools, government offices, and private businesses are closed nationwide.

Government Holidays

Government holidays can either be state-specific or observed across the country. For example, Himachal Day is a holiday in Himachal Pradesh but not in other states, while Onam is only a holiday in Kerala. However, central government holidays like Republic Day and Independence Day are observed across all states.

During Diwali in 2024, banks in many states will be closed for four consecutive days. To avoid any last-minute issues, it’s best to plan ahead and complete any essential banking activities before the holidays begin. Even though banks will be closed, you can still access your account through online services or ATMs, which will operate as usual. Be sure to check your state’s specific holiday schedule to stay prepared.

Heartfelt Diwali wishes for everyone

• Wishing you a Diwali filled with endless joy, love, and peace. May every lamp you light bring warmth into your heart and every firework spark a new dream for the year ahead. Happy Diwali to you and all those dear to you!
• This Diwali, may the lights guide your path, the sweets fill your days with sweetness, and the celebrations bring you closer to those you love. May you find prosperity in all you do and be surrounded by warmth and joy. Have a wonderful Diwali!
• Sending you and your family a Diwali filled with endless happiness, laughter, and memorable moments. May the festival of lights shine brightly in your life and bring you closer to the dreams you've held dear. Happy Diwali, with love and warmth!
• May this Diwali mark the beginning of new adventures, cherished memories, and boundless blessings for you and your loved ones. Here’s to a Diwali that’s filled with light, laughter, and everything that makes you smile. Have a beautiful celebration!
• Wishing you a Diwali that brings hope into every corner of your life and strength to overcome any challenges you face. May each lamp be a reminder of the love and joy that surround you. Have a Diwali filled with happiness and peace!
• This Diwali, I pray that the joy of the festival brings you inner peace, contentment, and a heart full of love. May your days be filled with the warmth of family, the company of friends, and endless reasons to smile. Happy Diwali to you and your loved ones!
• Happy Diwali! May this festival of lights illuminate your life with love, prosperity, and health. May the bond of the family grow stronger, and may happiness find its way to your home every day. Sending you endless Diwali blessings and warmth!
• As you celebrate this Diwali, may the light of the lamps bring brightness into your days, and may the laughter of loved ones fill your home. Here’s to a festival that brings you all you wish for and a year filled with success and love. Happy Diwali!
• Wishing you a Diwali that’s as joyous as it is peaceful. May every candle you light bring warmth, may every sparkler bring you joy, and may you be surrounded by the people who make your heart feel full. Happy Diwali, my dear!
• This Diwali, may the light of every diya bring with it good fortune, and may the love of family and friends surround you. May your dreams be ignited like the brightest firework, and may you find happiness in every moment. Have a magical and beautiful Diwali!