Bank Close: The third stage of elections in Jharkhand and the assembly elections in Maharashtra are set for November 20. Voting will take place on November 20 for 288 seats in Maharashtra and 38 seats in Jharkhand. The holiday list of the Reserve Bank of India clearly states whether banks will be open or closed on the day of polling in both states. Banks will stay shut in the two states because of the elections. Allow us to inform you that on November 20, there are scheduled by-elections in Uttar Pradesh, Punjab, and Kerala.
Will the banks also stay closed in these states?
As per the Reserve Bank of India (RBI), banks in Maharashtra will not be open on November 20. Those wishing to access their typical banking services, like withdrawing, depositing, or writing checks, will be able to do so starting November 20th. Nonetheless, even with the bank holiday, mobile banking and internet banking services will still function as usual. Clients have the ability to conduct financial transactions on these online platforms at any time and from any location.
Due to the elections in all states
Based on media reports, it is mandatory for all companies to allow their employees time off to vote. If a company fails to adhere to this rule, it will face severe consequences. Voting will take place on November 20 in 9 constituencies in Uttar Pradesh, 4 constituencies in Punjab, and one constituency in Kerala. Due to the elections in all states, all government offices will be closed. State governments have made the choice to boost citizen engagement in voting. Allow us to inform you that there will be no trading at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 20.