Second Saturday Shutdown: A Routine Closure
Today, Saturday, October 11, all banks across India remain closed in observance of the second Saturday of the month. As per the Reserve Bank of India (RBI) guidelines, banks remain shut on the second and fourth Saturdays every month, in addition to Sundays. These weekly closures are standard across all states and branches nationwide.
Understanding the RBI’s Weekly Off Policy
India’s banking system follows a regulated holiday schedule to ensure uniformity. Under this policy:
- Second and fourth Saturdays are marked as official holidays.
- All Sundays are designated as non-working days for banks.
Thus, October 11, being the second Saturday, qualifies as a non-operational day for all banking institutions in the country.
When is the Next Bank Holiday?
Weekly Off on Sunday, October 12
Following today’s closure, the next bank holiday falls on Sunday, October 12, a routine weekly off. Banks across the country will remain closed on this day as well.
Full List of Remaining Bank Holidays in October
October is packed with national, regional, and religious festivals, resulting in several bank holidays. Here’s a detailed breakdown:
- October 12 (Sunday): Pan-India closure for weekly off.
- October 18 (Saturday): Banks in Guwahati closed for Kati Bihu.
- October 19 (Sunday): Pan-India weekly off.
- October 20 (Monday): Banks closed in multiple cities for Diwali / Naraka Chaturdashi / Kali Puja.
- October 21 (Tuesday): Holiday in select cities for Laxmi Pujan / Deepawali / Govardhan Pooja.
- October 22 (Wednesday): Bank holiday for Bali Pratipada / New Year (Vikram Samvat) / Balipadyami in various cities.
- October 23 (Thursday): Closure in select cities for Bhai Dooj / Chitragupt Jayanti / Ningol Chakkouba.
- October 25 (Saturday): Fourth Saturday – Pan-India holiday.
- October 26 (Sunday): Weekly off across India.
- October 27 (Monday): Banks shut in Kolkata, Patna, and Ranchi for Chhath Puja (Evening).
- October 28 (Tuesday): Holiday in Patna and Ranchi for Chhath Puja (Morning).
- October 31 (Friday): Banks in Ahmedabad will be closed for Sardar Vallabhbhai Patel’s Birth Anniversary.
Emergency Banking on a Holiday: What You Can Do
Access to Cash and Transactions During Bank Closures
If you find yourself in urgent need of banking services during a holiday, don’t worry—many essential services remain operational:
- ATMs: Function 24/7 for withdrawals, balance checks, and mini-statements.
- Online Banking: Platforms like NEFT, RTGS, and IMPS are available on most bank holidays.
- UPI Services: Unified Payments Interface (UPI) works round-the-clock, even on public holidays, allowing seamless money transfers and payments.
Digital banking ensures that your financial needs are never completely halted, even when physical branches are closed.
