Bank Holiday: Big update for bank customers. According to the Reserve Bank of India’s (RBI) banking holiday guidelines, commercial banks shut down on the second and fourth Saturdays of each month, which impacts in-person banking services throughout the nation. Since today is October 24th—the fourth Saturday of the month—banks will be closed.
When banks are closed, customers cannot access standard branch services like cash deposits and withdrawals, check-related transactions, and other routine banking activities. If you’re planning to visit your bank branch, it’s a good idea to review your bank’s holiday schedule and arrange alternative ways to handle any urgent financial needs.
What are your options for managing finances?
The good news is that digital banking services typically remain accessible all day long. You can still handle your everyday banking through internet banking, mobile banking apps, and the Unified Payments Interface (UPI), as long as the services are running smoothly and there’s no scheduled system maintenance. ATMs usually stay operational too, though the amount of cash available may differ depending on where you are.
It’s also worth noting that regional Durga Puja celebrations in various states led to bank holidays on October 22 and 23, 2026. These holidays recognize regional festivals and cultural traditions that fall under the banking holiday framework.
The RBI works together with state governments to decide which days are banking holidays in each region. This means certain holidays only apply to particular states, while others—like the fourth Saturday—are observed nationwide.
What do you need to remember as a bank customer?
If you need to withdraw cash, submit paperwork, or handle other matters that require visiting a branch, make sure to plan your banking around these closure dates. Any transactions that need physical branch involvement or check processing might take longer to complete. You’ll need to wait until the bank reopens on the next working day to finish these tasks.
In the meantime, customers can use digital payment options for their everyday transactions. UPI transfers, online fund transfers, and mobile banking services will continue to function normally. However, technical issues may occasionally occur within individual banks or payment systems.
October 24th falls on the fourth Saturday, so branch closures on this day are part of the banking calendar and not an additional holiday declared for this date. Customers should contact their respective banks for any service-related information or changes in operating hours.