Why are banks closed on November 22nd in India?

Banks are closed on November 22nd because it is the fourth Saturday of the month, a mandatory holiday according to RBI guidelines.

What are the Reserve Bank of India's bank holiday rules?

The RBI mandates that banks close on the second and fourth Saturdays, as well as all Sundays, in addition to other national and regional holidays.

Are private banks also closed on bank holidays?

Yes, both private and public banks observe the mandatory bank holidays as stipulated by the Reserve Bank of India.

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Banks Shut Today: Are You Affected?

22 Nov

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Summary

Banks closed nationwide on November 22nd.
Holiday observed on the fourth Saturday of the month.
RBI mandates closure on second/fourth Saturdays and Sundays.

All public and private banks across India observed a holiday on November 22nd, marking the fourth Saturday of the month. This closure is in accordance with the established guidelines set by the Reserve Bank of India (RBI).

The RBI mandates that banking institutions remain closed on both the second and fourth Saturdays of every month. Additionally, Sundays are also designated as non-working days for banks.

Beyond these regular weekend closures, banks also observe holidays on national, cultural, and religious occasions. These additional holidays can vary by state due to the diverse cultural and religious landscape across India.

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