Diwali Bank Holiday: Are Your Local Banks Open Or Closed Today? Find Out!

Diwali Bank Holiday: The festivities commenced with Dhanteras on October 29 and will culminate in Bhai Dooj on November 3, resulting in widespread bank closures

On November 3, banks across all Indian states and union territories will remain closed for Sunday

Source : ABPLIVE AI

Diwali, one of the most significant Hindu festivals, symbolises the triumph of light over darkness and good over evil. This year, the celebration is set to take place on October 31st. Known as the 'Festival of Lights,' Diwali spans five days, starting with Dhanteras and culminating in Bhai Dooj. During this time, families decorate their homes with lamps, exchange sweets, and engage in joyous activities that foster unity and hope. Given India's diverse traditions and customs, the festival is celebrated on different days across various states, leading to nationwide bank holidays.

The festivities commenced with Dhanteras on October 29 and will culminate in Bhai Dooj on November 3, resulting in widespread bank closures. As per the Hindu calendar, Diwali, also known as Deepawali, will be celebrated on October 31.

Diwali 2024: Bank Holidays And Market Closures

Bank Holiday On November 1

On November 1, banks will be closed in several states, including Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur, due to the observance of Deepavali, Kut, and Kannada Rajyotsava.

Bank Holiday On November 2

On November 2, banks in Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and other states will also be closed for Diwali, Laxmi Puja, and Govardhan Pooja. Notably, this day falls on the first Saturday of the month, which is typically not a holiday.

Bank Holiday On November 3

On November 3, banks across all Indian states and union territories will remain closed for Sunday. 

However, customers can continue to access online services via their bank's apps or websites. ATMs and cash deposit machines will remain operational every day, regardless of bank holidays or festive occasions. This ensures that customers always have convenient access to essential banking services.

Stock Market Updates

The Indian stock market will open on November 1, 2024, but will remain closed for trading due to Diwali. Trading in the currency and derivatives segments will not occur. Additionally, trading in the Commodity Derivatives Segment and Electronic Gold Receipts will be suspended from 9:00 am to 5:00 pm but will resume for the evening session starting at 5:00 pm.