Banks To Remain Closed On Eid-E-Milad? Checkout Full List Of Bank Holidays Here

With the month of September drawing to a close in just a few days, it's crucial to be aware that banks will observe closures on September 27 and 28 (depending on the states) in observance of the Eid-E-Milad festival.

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The Reserve Bank of India categorizes bank holidays into three distinct groups: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays, and Banks' Closing of Accounts.

Bank Holiday on Eid-E-Milad

September 27 — Milad-i-Sherif (Birthday of Prophet Muhammed) (Banks will remain closed in Jammu and Kerala)

September 28 — Eid-E-Milad/Eid-e-Milad Un Nabi (Prophet Mohammad’s Birthday) (Bara Vafat) Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttar Pradesh, New Delhi, Chhattisgarh and Jharkhand.

September 29 — Indrajatra/Friday following Eid-i-Milad-ul-Nabi (Banks to remain closed in Sikkim, and Jammu and Srinagar.)

As per RBI notification, there were 16 bank holidays across different states in India, including Sundays, second Saturdays, and fourth Saturdays. In September,  banks were closed on the occasions of Sri Krishna Janmashtami, Janmashtami (Shravan Vad-8)/Sri Krishna Ashtami, Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi, Ganesh Chaturthi/Samvatsari (Chaturthi Paksha), Ganesh Chaturthi (2nd day)/Nuakhai, Sree Narayana Guru Samadhi Day, Birthday of Maharaja Hari Singh Ji, Janmotsav of Srimanta Sankardeva.

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Banks will now remain closed on October 2 in lieu of Gandhi Jayanti. All public and private sector banks shall remain closed on that day.