Why RBI Declared October 10 as a Bank Holiday: Here’s What You Need to Know

RBI Declared October 10 as a Bank Holiday

Bank holiday October 10 RBI: Several private and public banks across India will remain shut down on October 10 as per the RBI bank holiday announcement on the occasion of Maha Saptami.

Maha Saptami is an important day that marks the 7th day of the 10-day-long Durga Puja festival so that is why RBI declared holiday for banks October 2024 in some states.

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Why banks closed on October 10?

October 10 2024 bank holiday reasons are because of the celebration of Maha Saptami, all banks in Tripura, Assam, Nagaland, and West Bengal will remain closed on Thursday. However, private and public banks in other states will remain open as usual.

Maha Saptami is a very important day in the 10-day festival as it marks the beginning of Maha Puja. As per the Hindu scripts, on this day Goddess Durga began her battle against the demon king Mahishasura.

Though banks will remain shut down in some states, services such as web banking, UPI, ATMs, and mobile apps will operate as usual. Customers can still use these services for withdrawals.

Bank holidays are scheduled considering specific festivals in some states while others may not have celebrations for these festivals. It is advised to go through the full holiday list on the RBI's official website to avoid any misunderstandings.

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Here are the upcoming holidays for October month.

• October 11: Mahanavami
• October 12: Dussehra and second Saturday
• October 13: Weekly holiday (Sunday)
• October 14: Durga Puja (Dasin) and Dussehra in Gangtok
• October 16: Laxmi Puja (Agartala, Kolkata)
• October 17: Maharishi Valmiki Jayanti
• October 20: Weekly holiday (Sunday)
• October 26: Accession Day (Jammu and Kashmir) and Fourth Saturday
• October 27: Weekly holiday (Sunday)
• October 31: Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel's Birthday/Naraka Chaturdashi

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