Banks to remain close for up to 17 days in November: RBI

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New Delhi: The month of November has several holidays -some being observed nationwide while some local festivities are being celebrated across the country. Several bank branches will remain closed in various states owing to these festivities. Before visiting your bank branch in the month of November, you must note down the list of important days during which banks will remain closed.

The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of November 2021, although online banking activities will continue to work.

Banks will remain closed for a total of 17 days in the month of November-11 as per the Reserve Bank of India (RBI) holiday calendar list and the remaining days are that of weekends. However, the banks will NOT be closed for 17 days in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. 

Reserve Bank of India places its Holidays under three brackets -Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.

However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.

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