New Delhi: As against October, when there was a total of 21 bank holidays, banks across the country will remain closed on 10 days. Even as most of the festive days have ended, November will still see some occasions like Kannada rajyotsava, Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima.
While all the lenders observe Republic Day, Gandhi Jayanti, some banks also observe regional festivals and holidays. Regional bank holidays are decided by respective state governments. Several commercial and public sector banks will remain shut in view of these occasions in the month of November. Banks across India will be closed for up to 10 days in the month which includes second and fourth Saturdays and Sundays.
Read More: Indian Railways Update: IRCTC Cancels 97 Trains Today on October 29; Check Full List
Apart from the second Saturday, Sunday, the RBI has declared holidays on November 1,8,11, and 23. On these days, banks in different states/cities will be closed on the occasion of Kannada rajyotsava/Kut, Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima, Kanakadasa Jayanthi/Wangala Festival and Seng Kutsnem.
Under the Negotiable Instruments Act of 1881, the central government classified holidays into three categories. The three categories are; Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
Bank holidays in November 2022:
November 1, 2022 (Tuesday) – Kannada rajyotsava (Karnataka Formation Day or Karnataka Day)/Kut: Banks to be closed in Karnataka, Manipur.
November 8, 2022 (Tuesday) – Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima: Banks to be closed in all states except in Tripura, Gujarat, Karnataka, Tamil Nadu, Sikkim, Assam, Manipur, Kerala, Goa, Bihar and Meghalaya.
November 11, 2022 (Friday) – Kanakadasa Jayanthi/Wangala Festival: Banks to be closed in Karnataka, Meghalaya.
November 23, 2022 (Wednesday) – Seng Kutsnem or Seng Kut Snem: Bank to be closed in Meghalaya.
