October 2023 will witness 18 days of bank closures due to holidays as per the Reserve Bank of India’s (RBI) holiday calendar. These holidays include the usual ones like the second and fourth Saturdays and Sundays. However, based on the RBI’s calendar, there are 11 holidays that are either festive or gazetted. Some bank holidays are specific to certain regions and may vary from state to state and bank to bank.
Additionally: Stock Market Holidays in October 2023: BSE, NSE to remain closed on these days
At the start of the month, banks will not operate physically due to the Sunday holiday (1 October) and Gandhi Jayanti (2nd October) observed across India. Furthermore, on 24th October, most banks will also be non-functional due to Dussehra holiday (except Hyderabad and Imphal).
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Here are the bank holidays in October 2023 as per the Negotiable Instruments Act:
- Bank holiday on 2nd October: Mahatma Gandhi Jayanti (all banks will be closed)
- Bank holiday on 14 October: Mahalaya (Kolkata)
- Bank holiday on 18 October: Kati Bihu (Guwahati, Imphal, Kolkata)
- Bank holiday on 21 October: Durga Puja (Agartala, Guwahati, Imphal, Kolkjata)
- Bank holiday on 23 October: Dusshera, Ayudha Pooja, Durga Puja, Vijaya Dasami (Agartala, Bengaluru, Bhubaneshwar, Chennai, Guwahati, Hyderabad, Kanpur, Kochi, Kohima, Kolkata, Lucknow, Patna, Ranchi, Shillong, Thiruvananthapuram).
- Bank holiday on 24 October: Dusshera/Dussehra/Durga Puja (Except Hyderabad and Imphal…all over India)
- Bank holiday on 25 October: Durga Puja (Gangtok)
- Bank holiday on 26 October: Durga Puja (Gangtok, Jammu, Srinagar)
- Bank holiday on 27 October: Durga Puja (Gangtok)
- Bank holiday on 28 October: Lakshmi Puja (Kolkata)
- Bank holiday on 31 October: Sardar Vallabhbhai Patel’s birthday (Ahmedabad)
After eleven holidays in October, there are seven-weekend leaves next month. In total, banks will remain closed for 18 days in October 2023.
October 2023 bank holidays: Here is the list of weekend leaves
- October 1: Sunday
- October 8: Sunday
- October 14: Second Saturday
- October 15: Sunday
- October 22: Sunday
- October 28: fourth Saturday
- October 29: Sunday
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Updated: 27 Sep 2023, 03:07 PM IST
