In comparison to October, when there were 21 bank holidays, banks across the country will be closed for 10 days in November. There will be some celebrations in November despite most of the festive days have passed, such as Kannada rajyotsava, Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima.
While all lenders observe Republic Day and Gandhi Jayanti, some observe regional festivals and holidays as well. Regional bank holidays are determined by state governments. Due to these occasions, several commercial and public sector banks will remain closed in November. Across India, banks will be closed for up to 10 days in the month, including the second and fourth Saturdays and Sundays.
In addition to the second Saturday and Sunday, the RBI has declared holidays on November 1, 8, 11, and 23. As part of Kannada rajyotsava/Kut, Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima, Kanakadasa Jayanthi/Wangala Festival and Seng Kutsnem, banks will be closed in different states/cities on these days.
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The central government classified holidays into three categories under the Negotiable Instruments Act of 1881. These are the three categories: Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
- November 1, 2022 (Tuesday) – Kannada rajyotsava (Karnataka Formation Day or Karnataka Day)/Kut: Banks to be shut in Karnataka, Manipur.
- November 8, 2022 (Tuesday) – Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima: Banks to be shut in all states except in Tripura, Gujarat, Tamil Nadu, Karnataka, Sikkim, Assam, Manipur, Goa, Kerala, Bihar and Meghalaya.
- November 11, 2022 (Friday) – Kanakadasa Jayanthi/Wangala Festival: Banks to be shut in Karnataka, Meghalaya.
- November 23, 2022 (Wednesday) – Seng Kutsnem or Seng Kut Snem: Bank to be shut in Meghalaya. Seng Kut Snem is the day before the Khasi New Year, which is a customary event observed by the Khasi Community in Meghalaya on November 23 of each year.
City-wise bank holidays
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