This year, Diwali celebrations are taking place on October 31 and November 1, leading to bank closures in various regions on one or both days, depending on local customs and regulations. Banks will be closed on November 1 for Deepavali and Kannada Rajyotsava, with further closures on November 2 and 3 for various other festivals.
Bank Holiday on November 1
On November 1 (Friday), banks will be closed in states such as Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur in observance of Deepavali, Kut, and Kannada Rajyotsava.
Bank Holiday on November 2
Banks will also be closed on November 2 in Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and other states for Diwali, Laxmi Puja, and Govardhan Pooja. It’s worth noting that this date coincides with the first Saturday of the month, which is typically not a holiday.
Bank Holiday on November 3
Furthermore, all banks across Indian states and union territories will be closed on November 3 for Sunday.
The Diwali festivities began with Dhanteras on October 29 and will conclude with Bhai Dooj on November 3.
Is the stock market closed today?
In celebration of Diwali 2024, trading activities at the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be suspended today, affecting the Equity Segment, Equity Derivative Segment, and SLB Segment. Trading in the Currency Derivatives Segment will also be paused for the Festival of Lights. However, a one-hour Muhurat Trading session is scheduled for Friday from 6:00 PM to 7:00 PM.