Banks will be closed in various states on September 29th, according to the Reserve Bank of India (RBI) holiday schedule.
According to the Reserve Bank of India (RBI) holiday calendar, banks will be closed on September 29 in Sikkim, Jammu, Maharashtra, and Srinagar.
Meanwhile, the Maharashtra government declared a public holiday on September 29 for Eid-e-Milad because Anant Chaturdashi and Eid-e-Milad fell on the same day on September 28, according to a statement from the chief minister’s office. CMO Maharashtra tweeted on X (previously Twitter), “All India Khilafat Committee has requested CM Eknath Shinde regarding this.” The decision to declare a holiday was made in order to better handle processions and crowds.”
The citizens of Maharashtra will have a long week of holidays, with two consecutive state holidays on Thursday and Friday, followed by the weekend and a national holiday on October 2nd, Monday, to commemorate Mahatma Gandhi’s birth anniversary.
Eid-e-Milad, also known as Milad-un-Nabi and Mawlid-un-Nabi, is a major Muslim celebration commemorating Prophet Muhammad’s birth anniversary. Eid-e-Milad was observed on September 28 this year, and banks in some cities were closed on both September 28 and 29 in commemoration of the celebration. While banks will be closed on these occasions, online banking services, including mobile and internet banking, will remain open.
Bank holidays are classified by the Reserve Bank of India into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts.
This September, there were 16 bank holidays throughout various states on various festivals, including Sri Krishna Janmashtami, Ganesh Chaturthi, Eid-e-Milad, and Anant Chaturdashi.