• Source:JND
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Bank Holiday On Eid-e-Milad:  In view of Anant Chaturdashi being observed on September 5, the Maharashtra government rescheduled the holiday for Eid-e-Milad in Mumbai city and its suburban districts to September 8. With Mumbai and the suburban districts observing the holiday for Eid-e-Milad on September 8, the Reserve Bank of India (RBI) has also shifted the bank holiday to September 8, Monday. As a result, all the private and public banks will remain closed tomorrow.

A circular issued by the General Administration Department (GAD) stated that while September 5 will remain a public holiday for Eid-e-Milad in the rest of the state, in Mumbai and its suburbs, the holiday has been shifted to September 8.

This change comes after the Muslim community proposed postponing the Eid-e-Milad holiday to September 8 to avoid a clash with Anant Chaturdashi and ensure peaceful celebrations of both festivals. Anant Chaturdashi is the last day of the Ganesh festival, in which Ganesh idols are taken in a large procession and immersed in water. The state government accepted the proposal and issued a revised circular.

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Bank Holiday In Mumbai? Here’s What You Can Do

Even if banks are closed in Mumbai on September 8, you can still perform transactions through online or mobile banking, unless the bank is experiencing technical issues. If you need cash, ATMs will remain operational as usual on September 8. In addition to this, you can use your bank’s app for UPI to send or receive money, pay bills or make purchases hassle-free.

The Reserve Bank of India releases an annual holiday calendar as mandated by the Negotiable Instruments Act, which governs payments like cheques and promissory notes. As a result, users cannot process those types of payments on bank holidays. Though physical banks remain closed, users can carry out transactions through digital modes.

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