Bank Holiday: Indian banks will be closed in the majority of cities of India on Friday, November 15 due to the celebration of Guru Nanak Jayanti. However, not all banks in the entire India will be closed as this is a state holiday. Banks holiday although decided by the Reserve Bank of India, varies from city to city. Here is the list of cities where banks are closed and opened on November 15.
Bank Holiday On November 15:
As per RBI's holiday list, banks will be closed due to Guru Nanak Jayanti/Karthika Purnima/Rahas Purnima on Friday, November 15.
Cities in which banks are closed on Friday are --- Aizawl, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Telangana, Itanagar, Jammu, Kanpur, Jaipur, Kohima, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar.
Banks will be open in cities such as Agartala, Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Andhra Pradesh, Imphal, Kochi, Kochi, Patna, Shillong, and Thiruvananthapuram.
What Services Are Open Today?
A bank holiday is a business day during which the financial institutions in the country remain closed. Despite the closure of banks, online banking services will continue to operate to this day. During a Bank Holiday, most financial institutions like nationalized banks, public and private sector banks, financial institutions, stock exchanges, brokerage firms, and investment banking firms will remain closed.
Hence, services that are open are Mobile Banking, Mobile Wallets, Internet Banking, Digital Payments and much more. Of all these, the easiest method is using an ATM.
Notably, not only payments there are several services mobile wallets offer which make things very easy such as prepaid mobile recharge, postpaid bill payments, electricity bills, DTH Recharge, Fees, metro card recharge, Broadband bill payment, Landline bills and many more. There are many services on mobile wallets which you can avail of and use during a bank holiday in India.
Guru Nanak Jayanti 2024:
November 15, 2024, marks the celebration of the birth of Guru Nanak Gurpurab, also known as Guru Nanak Prakash Utsav. He was the first Sikh guru and founder of Sikhism. That being said, it is one of the most sacred festivals in Sikhism, or Sikhi.
Also, as per Wikipedia, the festivities in the Sikh religion revolve around the anniversaries of the 10 Sikh Gurus. These Gurus were responsible for shaping the beliefs of the Sikhs. Their birthdays, known as Gurpurab, are occasions for celebration and prayer among the Sikhs.
Bank Holidays In India:
RBI decides the holiday list for banks every year. However, it needs to be noted that bank holidays vary from state to state. Some of these holidays are very local and hence are decided by the respective state governments. On the other hand, some of them are very mandatory and it is not a prerogative of anybody as these are already the national holidays in India.
India is a multi-cultural and very diverse country and also has many national and other bank holidays. A bank holiday in India is generally considered a public holiday when banks and other financial institutions remain closed. Not all public holidays are classified as Bank Holidays as they vary with state and region.
In general terms, banks are closed on the second and fourth Saturdays of every month in addition to the above-mentioned bank holidays. The fifth Saturday of a month with five Saturdays is a working day for banks. In the past, banks would only open for a half-day on Saturdays.
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