Despite a long holiday of 10 days which had started from the first day or date of October due to different festivals, most notably Durga Puja, which Indians celebrated throughout our nation, the month of October will once again see a long bank holiday of 5 days beginning from today. According to the Reserve Bank of India's Holiday under the Negotiable Instruments Act, all Indian banks will be closed for three days this week. Apart from these holidays, there are two more bank holidays in the week, which are the fourth Saturday on October 23 and Sunday on October 24, for a total of five holidays from the 19th to the 24th of October 2021. The Reserve Bank of India has classified bank holidays into three categories: Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks' Closing of Accounts. However, owing to the Holiday under the Negotiable Instruments Act, all Indian banks would be closed on the dates listed below for various occasions.
19th October 2021: Due to Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif (Prophet Mohammad's Birthday)/Baravafat, all Indian banks will remain closed in Ahmedabad, Belapur, Bengaluru, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, and Thiruvananthapuram.
20th October 2021: All Indian banks in Agartala, Chandigarh, Kolkata, and Shimla will be closed due to the celebration of Maharishi Valmiki's Birthday/Lakshmi Puja/Id-E-Milad on this day.
22nd October 2021: Banks will remain closed in Jammu and Srinagar due to Friday following Eid-i-Milad-ul-Nabi.
23rd October 2021: Fourth Saturday (Holiday under Negotiable Instruments Act)
24th October 2021: Sunday (Holiday under Negotiable Instruments Act)
26th October 2021: For the occasion of Accession Day, banks will remain closed in Jammu and Srinagar only.
31st October 2021: Sunday (Holiday under Negotiable Instruments Act).