Bank Holiday: Banks will be closed the following day, Friday. If you intend to go to a bank branch on October 2nd, make sure to review the bank holiday schedule first. As per the Reserve Bank of India (RBI) calendar, banks will be shut in all states on Friday. Find out the reason behind the bank closures here.
Reasons for Banks being closed on Friday, October 2:
All public and private sector banks, including State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Axis Bank, HDFC Bank, and ICICI Bank, will be closed nationwide on Friday, October 2nd. This closure is in observance of Mahatma Gandhi Jayanti.
Mahatma Gandhi Jayanti is commemorated annually on October 2nd, marking the birth anniversary of the Father of the Nation, Mahatma Gandhi. Gandhi advocated truth, non-violence, and cleanliness as the pillars of his life and the independence movement. Through a non-violent struggle, he reshaped the course of India’s fight for freedom. This day serves as a reminder of his principles and encourages us to embrace values such as peace, cleanliness, equality, and humanity in society.
Complete list of holidays for October:
– October 2, Friday – Mahatma Gandhi’s birth anniversary: Banks will be closed in all states and union territories nationwide on Mahatma Gandhi Jayanti.
– October 4, Sunday – Weekly Holiday: No work will be conducted in bank branches across the country due to it being Sunday.
– October 10, Saturday – Second Saturday and Mahalaya Amavasya: Banks will be closed throughout the country on the second Saturday of the month. Additionally, banks in Karnataka and West Bengal will be closed in observance of Mahalaya Amavasya.
Furthermore, online banking services will remain operational despite the closure of physical bank branches. Customers can continue to conduct money transfers through internet banking, mobile banking, and UPI. ATM cash withdrawals will also be available as usual. However, certain in-branch operations like check clearances will not be possible due to the holiday.