Know why all banks will remain closed in Assam on September 4
Bank Holiday In September: Srimanta Shankardev, a renowned saint, poet, dramatist, and social reformer, was born on September 4 and passed away on September 4. He was instrumental in the Bhakti movement and the expansion of Vaishnavism in Assam. September 4 is celebrated as a holiday in the state in his honor, and banks in Assam will be closed.
States will have different bank holidays in September 2024, thus it’s important for consumers to know what the local calendar is. The Reserve Bank of India (RBI) has declared new state-specific holidays in addition to the universal closure of all banks on the second and fourth Saturdays.
The important dates are outlined below
Banks in Tamil Nadu, Karnataka, and Maharashtra will be closed on September 7 (Saturday) in observance of Ganesh Chaturthi.
On Saturday, September 14, banks in Jharkhand and Kerala will be closed for Karma Puja and First Onam.
September 16 (Monday): Several states, including Gujarat, Maharashtra, Karnataka, and Delhi, will mark Milad-un-Nabi, the Prophet Muhammad’s birthday, with bank closures.
Tuesday, September 17: Banks will be closed in Sikkim and Chhattisgarh in observance of Indra Jatra.
On Wednesday, September 18, banks in Sikkim will be closed in observance of Pang-Lhabsol.
On Friday, September 20, banks will be closed in Jammu and Srinagar in observance of Eid-ul-Milad-ul-Nabi.
Saturday, September 21, is Sree Narayana Guru Samadhi Day. Kerala banks are going to stay closed.
In honor of Maharaja Hari Singh’s birthday on September 23 (Monday), banks in Jammu and Kashmir will be closed.
September 28 (Saturday): On the fourth Saturday of the month, banks will be closed nationwide.
Three categories of bank holidays are distinguished by the RBI: Bank Closing of Account Holidays, Holidays under the Negotiable Instruments Act, and Holidays under the Negotiable Instruments Act Real Time Gross Settlement Holidays.
Holidays nationwide
The bank holiday structure established by the RBI guarantees that banking services coincide with regional and national holidays. Every state observes national holidays like Gandhi Jayanti, Independence Day, and Republic Day in the same way. Furthermore, every state could have a unique set of regional holidays that have an impact on local banking activities.
Banks will be closed on the second and fourth Saturday of each month, providing personnel with a regular respite. This approach is in line with the RBI’s initiatives to provide uniform service schedules and standardize banking hours throughout the country. In a similar vein, Sundays are often recognized as non-banking days, giving employees and clients a weekly break.
