Banks will remain shut for almost 18 days in the festival-filled month of October 2023 according to the Reserve Bank of India’s calendar of holidays.
RBI’s calendar shows that in October 11 days are festive holidays.
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Some bank holidays are regional which may differ from state to state and bank to bank.
The RBI had announced state-wise bank holidays for the full year.
All bank holidays which have been classified into different categories under the Negotiable Instruments Act of 1881-Holidays Under Negotiable Instruments Act, Banks’ Closing of Accounts, and Real-Time Gross Settlement Holiday in India.
For the first two days of this month, banks will not operate physically on account of the Sunday and Gandhi Jayanti across India.
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On October 31st, a maximum number of banks will remain closed on the occasion of the Dussehra holiday except for Hyderabad and Imphal.
October 2023 bank holidays list (State-wise):
October 1: Sunday.
October 2: Mahatma Gandhi Jayanti (all banks will be shut).
October 8: Sunday.
October 14: Second Saturday.
October 15: Sunday.
October 18: Kati Bihu in Guwahati, Imphal and Kolkata.
October 21: Durga Puja in Agartala, Guwahati, Imphal, Kolkata.
October 22: Sunday.
October 23: Dusshera, Ayudha Pooja, Durga Puja, Vijaya Dasami in states of Agartala, Bengaluru, Bhubaneshwar, Chennai, Guwahati, Hyderabad, Kanpur, Kochi, Kohima, Kolkata, Lucknow, Patna, Ranchi, Shillong, Thiruvananthapuram.
October 24: Dussehra/Dusshera (Vijaya Dashmi)/Durga Puja will lead to bank holidays in all states except Andhra Pradesh and Manipur.
October 25: Durga Puja, bank holiday in Gangtok.
October 26: Durga Puja , bank holiday in Gangtok, Jammu, Srinagar.
October 27: Durga Puja, bank holiday in Gangtok.
October 28: Lakshmi Puja in Kolkata, fourth Saturday.
October 29: Sunday.
October 31: Sardar Vallabhbhai Patel’s birthday in Ahmedabad