Banks open or closed today, November 9? Check full list of bank holidays this month

Indian banks follow a distinct weekend holiday pattern. They operate on two Saturdays and remain closed on the other two, with Sundays being observed as holidays. In months with five Saturdays, banks will work on three of them and close on the other two. So, is Saturday, November 9th, a bank holiday?

November 9th is the second Saturday of the month, meaning banks across India will be closed. Banks typically open on the first and third Saturdays of each month, while they are closed on the second and fourth Saturdays. In months with five Saturdays, only the second and fourth Saturdays are non-working days, with the other Saturdays being regular working days.

According to RBI guidelines, payment systems such as Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing, and Electronic Clearing Services (ECS) will not operate on second and fourth Saturdays. However, payment systems will function on the first and third Saturdays.

Full list of bank holidays in November, 2024

The RBI determines the annual bank holidays, which are divided into three categories: 

1. Holiday under the Negotiable Instruments Act.

2. Holiday under the Negotiable Instruments Act and Real Time Gross Settlement Holidays.

3. Banks’ Closing of Accounts.

Bank holidays in India can vary from state to state and city to city, as some holidays are local, determined by respective state governments, while others are national holidays mandated across the country.