Bank Holiday Today, November 7: Are SBI, HDFC, ICICI, Banks Closed On Choti Diwali? Saturday Bank Holiday Rule

The second day of Diwali is Choti Diwali, which Hindu devotees celebrate widely across India and around the world. Choti Diwali is an annual Hindu festival that falls on Chaturdashi. However, Choti Diwali also falls on the first Saturday of the month, leading many to wonder whether banks are open or closed.

Is Choti Diwali A Bank Holiday?

The Reserve Bank of India (RBI) decides bank holidays in India based on state-wise festivals, culture, special events, and occasions. This year, RBI has given three special holidays for Diwali for banks across states. However, Choti Diwali is not one of them.

As per RBI's list, banks will be closed on Deepawali or Laxmi Pujan, Govardhan Pooja, Vikram Samvant New Year Day, and Bhaidooj. However, Choti Diwali is not a bank holiday.

Bank Holiday Saturday

However, the November 7th is a Saturday of the month. Generally banks follow a unique holiday pattern. They are open on two Saturdays and operational on two Saturdays of the month. While all Sundays are bank holidays.

Are Banks Closed Today, November 7, 2026?

As per RBI guidelines, with effect from September 2015, all scheduled and non-scheduled banks-public, private, foreign, cooperative, regional, rural, and local area banks-will observe a public holiday on the second and fourth Saturdays and will observe full working days on Saturdays other than the second and fourth Saturdays.

November 7th is the first Saturday of the current month. Hence, all banks are fully operational as per normal timings on November 7th despite the Diwali cheer.

Since banks are open today, payment systems will not impacted. These systems typically includes Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing operated by various Bankers' Clearing Houses in the country including the grid based Cheque Truncation System (CTS) and ECS suite [Electronic Clearing Service (ECS), Regional Electronic Clearing Service (RECS) and National Electronic Clearing Service (NECS)].

Accordingly, banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Punjab National Bank, Canara Bank, Bank of Baroda and others will remain open on November 7.

Choti Diwali 2026:

Naraka Chaturdashi is an important day during Deepavali festivities. In most years it is observed one day before of Lakshmi Puja. Naraka Chaturdashi is the second most important day during Deepavali after Lakshmi Puja day. Hence, the day of Naraka Chaturdashi is also known as Choti Deepavali especially in North Indian state, as per Drik Panchang.