One of the questions that many would be asking on the morning of Friday, November 1 is whether banks will be closed today? And if they are not closed throughout the country, in which states will banks be closed? Even in this age of internet banking, a lot of people depend on physical banking.
This is the time when different states will have their own list of holidays due to a number of celebrations. These are Kut Utsav, Kannada Rajyothsava, Lakshmi Puja and Govardhan Pooja. According to RBI guidelines, banks are closed for business on national and regional festivals besides the weekly holidays of Sundays and the second and fourth Saturdays of each month.
Banks closed in these 8 states
In the following eight states banks are closed on Friday, November 1, 2024. These states are: Maharashtra, Karnataka, Uttarakhand, Tripura, Meghalaya, Uttarakhand, Jammu & Kashmir and Sikkim. Banks are closed in these states on account of Diwali, Kut Festival and Kannada Rajyotsava.
November 1 is day of formation of the state of Karnataka. It is known as Karnataka Rajyotsava or Kannada Rajyotsava. Some also call it the Karnataka State Day. It goes without saying that it is observed as a holiday in the state of Karnataka.
Kut Festival is also on November 1
This is an important festival for the Kuki, Chin, Mizo tribes of the state of Manipur. It is a festival related to agriculture since the people pray for divine blessings for a bountiful harvest. Agriculture festivals are common in an agrarian country like India and almost all states have their share of such festivals.
Bank holidays in November
November has quite a few bank holidays. These will be observed on November 2 (as many as 7 states), 7 (3 states), 8 (3 states), 12 (1 state), 15 (20 states), 18 (1 state) and 23 (1 state).
A bank holiday will be observed on November 1 in as many as 8 states due to different holidays from Diwali to Kut Festival. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
