Are banks closed today? Banks across India were closed on Friday, October 2, due to Gandhi Jayanti. However, there is some confusion among people regarding whether banks are open or closed today, Saturday, October 3. If you are planning to visit a bank branch today, you should first check whether it will be open.
This is because there are specific rules regarding bank branch operations on Saturdays in India. Let us find out if banks are closed or open today, October 3.
Are banks closed today?
Banks across India will remain open today, Saturday, October 3. In fact, today is the first Saturday of the month, and banks typically remain open on the first Saturday. While a holiday might be declared if a festival falls on that day, banks generally operate on the first and third Saturdays of the month in India, whereas they remain closed on the second and fourth Saturdays.
According to RBI guidelines, banks usually remain open on the first, third, and fifth Saturdays, while branches stay closed on the second and fourth Saturdays. Therefore, October 3 is a regular working day for banks.
Even when branches are closed, customers can continue to use digital banking services. These include UPI, mobile banking, internet banking, ATMs, and IMPS.
When will banks remain closed later in October?
Apart from the second and fourth Saturdays and Sundays, banks will also remain closed on several festival days and occasions marking birth anniversaries throughout October. Banks were closed on October 2 for Gandhi Jayanti. Details regarding upcoming closures are provided below. Mahalaya Amavasya – 10 October
Maha Saptami – 17 October
Dussehra (Maha Ashtami) / Maha Navami / Ayudha Puja / Durga Puja / Vijaya Dashami / Durga Ashtami – 19 October
Dussehra / Dussehra (Vijaya Dashami) (Aso Sud-10) / Maha Navami, Ayudha Puja / Durga Puja – 20 October
Vijaya Dashami / Durga Puja (Dashami) – 21 October
Durga Puja (Dashami) – 22 October
Durga Puja (Dashain) – 23 October
Lakshmi Puja / Parigrahan Diwas / Maharshi Valmiki Jayanti – 26 October
Karwa Chauth – 29 October
Sardar Vallabhbhai Patel's Birthday – 31 October
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