October 2023 Bank Holidays: Know When Banks Will Be Closed - State-wise List Inside

As October 2023 approaches, the calendar is brimming with festivities and celebrations. However, amidst the joyous occasions, it's essential to stay informed about bank holidays to ensure your financial transactions go smoothly. In this comprehensive guide, we present a state-wise list of bank holidays in October 2023, including their descriptions, categorized according to the Reserve Bank of India ( RBI ).

# Bank Holidays in October 2023: An Overview

In the upcoming month of October, banks across India will observe holidays on several occasions, encompassing weekends and significant cultural events. Here's a breakdown of these bank holidays:

1. Gandhi Jayanti - October 2 (Monday)
Gandhi Jayanti, a national holiday, honours the birth anniversary of Mahatma Gandhi. All banks will remain closed on this day.

2. Mahalaya - October 14 (Saturday)
Mahalaya is celebrated in Kolkata, leading to a bank holiday in the city.

3. Kati Bihu - October 18 (Wednesday)
Kati Bihu prompts banks in Assam to remain closed.

4. Durga Puja ( Maha Saptami ) - October 21 (Saturday)
Durga Puja celebrations result in bank holidays in Tripura, Assam, Manipur, and Bengal.

5. Dusshera (Mahanavami)/Ayudha Pooja/Durga Puja/Vijaya Dasami - October 23 (Monday)
Several states, including Tripura, Karnataka, Orissa, Tamil Nadu, Assam, Andhra Pradesh, Kanpur, Kerala, Jharkhand, and Bihar, will observe bank closures on this day.

6. Dussehra/Dusshera (Vijaya Dashmi)/Durga Puja - October 24 (Tuesday)
Bank holidays are anticipated in all states except Andhra Pradesh and Manipur on this day.

7. Durga Puja (Dasain) - October 25 (Wednesday)
Banks in Sikkim will remain closed in observance of Durga Puja (Dasain).

8. Durga Puja (Dasain)/Accession Day - October 26 (Thursday)
Bank holiday for Durga Puja (Dasain) and Accession Day in Sikkim and Jammu and Kashmir.

9. Durga Puja (Dasain) - October 27 (Friday)
Another bank holiday for Durga Puja (Dasain) in Sikkim.

10. Lakshmi Puja - October 28 (Saturday)
Banks will be closed for Lakshmi Puja in Bengal.

11. Sardar Vallabhbhai Patel ’s Birthday - October 31 (Tuesday)

Description: Banks in Gujarat will observe a holiday in honour of Sardar Vallabhbhai Patel's Birthday.
The Reserve Bank of India (RBI) classifies these holidays into three categories: holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act and Real-Time Gross Settlement, and general bank closings. Being aware of these holidays is crucial for effectively planning your banking transactions in October 2023.

Stay informed and plan your financial activities accordingly to make the most of this festive month while ensuring your banking needs are met.