As soon as the festival season starts in India, the number of bank holidays also increases. Bank employees get the most holidays during Diwali. Due to the traditions and customs of India, Diwali bank holidays may vary from state to state.
Knowing the holiday in advance helps people, companies, and tourists to plan better. Let us know when and where banks will be closed during Diwali in October 2024.
October 31 (Thursday) – Diwali
Banks will remain closed on October 31 in many states of South India like Andhra Pradesh, Goa, Karnataka, Kerala, Puducherry, Telangana and Tamil Nadu as well as Delhi, Uttar Pradesh and West Bengal. At the same time, banks will remain open on this day in Tripura, Maharashtra, Uttarakhand, Sikkim, Manipur, Jammu and Kashmir, and Meghalaya.
1 November (Friday)
Banks will remain closed in Tripura, Karnataka, Uttarakhand, Jammu and Kashmir, Maharashtra, Meghalaya, Sikkim and Manipur on 1 November on the occasion of Kut Festival, Kannada Rajyotsava and Deepavali.
2 November (Saturday)
Banks will remain closed in Gujarat, Maharashtra, Karnataka, Uttarakhand, Sikkim, Rajasthan, and Uttar Pradesh on 2 November on the occasion of Bali Pratipada, Govardhan Puja and Vikram Samvat New Year.
4-day long weekend
People of Karnataka and Maharashtra will get 4 consecutive days off on the occasion of Diwali. Banks will remain closed from 31 October to 2 November, followed by Sunday on 3 November. In this way, there will be 4 consecutive days of bank holidays there.
These states will get a long holiday of 3 days
People of Uttarakhand and Sikkim can take a 3-day holiday. Banks will remain closed there from November 1 to November 2 and after that November 3 is Sunday.
Important Update
Bank branches may remain closed during the holidays, but online banking and ATM services will continue as usual.
Contact your bank or local authorities for exact information about the holidays.
Effect of Diwali holidays
The closure of banks during the Diwali holidays can have an impact on the economy. However, its impact is reduced due to the online services of banks.