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Diwali Holiday Shuts Banks in Key Indian Cities
10 Nov
Summary
- Banks in specific Indian cities closed on November 10 for Diwali celebrations.
- Digital banking services like UPI and ATMs remain accessible on holidays.
- Holiday closures vary by state, not countrywide, per RBI calendar.
On Tuesday, November 10, bank customers in several Indian cities encountered branch closures, observing holidays linked to Diwali, including Bali Pratipada, Govardhan Puja, and the Vikram Samvat New Year. This holiday affected branches in Ahmedabad, Mumbai, Nagpur, Belapur, Bengaluru, Dehradun, and Gangtok.
Despite physical branch limitations, critical banking services such as UPI, internet banking, mobile banking, and ATMs continued to function. Customers could still perform transactions like fund transfers, bill payments, and cash withdrawals through these digital channels.
However, services requiring in-person interactions, such as cheque processing or document submission, were unavailable. The Reserve Bank of India's holiday schedule highlights that these closures are state-specific, with different regions observing distinct holidays on November 11, including Laxmi Puja and Bhaidooj.
This variability underscores the RBI's practice of not enforcing a uniform national bank holiday, as festival observances differ significantly across India. Customers are advised to verify their local branch's specific holiday schedule.
