Diwali Bank Holidays 2024: As India prepares to celebrate Diwali, one of its most cherished festivals, several sectors, including banks, are gearing up for an extended break. Diwali, celebrated with vibrant lights and grand festivities, often brings multi-day holidays, especially in regions where bank closures span several days.
Diwali festivities kick off with Dhanteras on October 29, but many are curious if the primary Diwali holiday will fall on October 31 or November 1. Interestingly, in some states, cities will observe an extended holiday stretch from October 31 to November 3, creating a long weekend for many.
Diwali Bank Holidays 2024
Diwali, one of India’s most celebrated festivals, is almost here! This year, Diwali festivities will kick off with Dhanteras on Tuesday, October 29, 2024. However, banks across India may observe different holiday schedules depending on the region and specific state guidelines.
For most states, Diwali bank holidays are likely to begin from October 31. In some places, these holidays might extend even further, allowing people to enjoy an extended break with family and friends.
Since the Diwali Bank Holidays 2024 will vary from one state to another, the best way to stay informed is by checking with your local bank branch. You can also keep an eye on holiday notifications through your bank’s official app or website, which will give you the most accurate information on when branches will be closed. This helps in planning any banking needs ahead of time to avoid interruptions.
Diwali Bank Holidays 2024 Schedule
Here’s a table detailing the Diwali bank holiday schedule across various states in India, highlighting the specific dates and occasions for closures.
| Diwali Bank Holidays 2024 Schedule | ||
|---|---|---|
| Date | Holiday Reason | States/UTs Where Banks Will Be Closed |
| October 31 | Diwali / Deepawali / Sardar Vallabhbhai Patel’s Birthday / Naraka Chaturdashi / Kali Puja | Assam, Andhra Pradesh, Delhi, Goa, Gujarat, Karnataka, Kerala, Puducherry, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and others |
| November 1 | Diwali / Kut Festival / Kannada Rajyotsava | Maharashtra, Manipur, Meghalaya, Jammu & Kashmir, Karnataka, Sikkim, Tripura, Uttarakhand, and others |
| November 2 | Diwali / Laxmi Puja / Govardhan Pooja | Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and others |
| November 3 | Sunday Holiday/ Bhai Dooj | All Indian states and union territories |
Banking Services Available on Diwali Bank Holidays 2024
Even though banks will be closed in some states for Diwali and other regional holidays, you can still access essential banking services online.
The Reserve Bank of India (RBI) is responsible for setting holiday schedules, including those that apply to Real-Time Gross Settlement (RTGS) and certain account services. These holidays apply to both public and private sector banks, so in states observing Diwali-related closures, bank branches may not be open.
However, digital banking services remain available, so you can still manage your banking needs through online and mobile banking apps, even on weekends and holidays. ATMs will also be accessible, allowing you to withdraw cash whenever needed. Unless there’s a specific notification from your bank, these digital services stay active year-round, making it easy to handle urgent transactions or access funds.
Also Check: Bank Holidays in October 2024
Diwali Bank Holidays 2024 FAQs
Q.1. When do Diwali bank holidays start in 2024?
Ans. Diwali bank holidays start around October 31, 2024, varying by state and extending to November 3 in some areas.
Q.2. Will banks be closed on Dhanteras, October 29, 2024?
Ans. Generally, banks remain open on Dhanteras, but closures mainly start around October 31, depending on the region.
Q.3. How can I confirm bank closures in my area?
Ans. You can check with your bank’s app, website, or local branch for specific holiday notifications.
Q.4. Are ATMs and online banking available during Diwali holidays?
Ans. Yes, ATMs, online, and mobile banking services remain available during the Diwali holidays for essential transactions.
Q.5. Does the RBI regulate Diwali bank holiday schedules?
Ans. Yes, the Reserve Bank of India sets holiday schedules, and bank branches follow them according to regional guidelines.
