The Reserve Bank of India (RBI) designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts. As October, the festive season has approached,

In India, banks are closed for regional holidays that vary as per the state and national holidays that are observed across the country. The national holidays in India are Republic Day on January 26, Independence Day on August 15 and Gandhi Jayanti on October 2.

As the nation commemorates Mahatma Gandhi’s birth anniversary today, October 2, all private and public sector banks across India will remain closed, marking Gandhi Jayanti as a national holiday.

Schools and colleges will remain closed on various occasions such as Gandhi Jayanti, Maha Navami, Dussehra, and Diwali. Get latest updates on school closures here.

According to the Reserve Bank of India (RBI), banks will be closed for a total of 15 days in October 2024. This includes 11 official holidays under the Negotiable Instruments Act, as well as the usual closures on the second and fourth Saturdays and Sundays of the month.

India will observe Gandhi Jayanti on October 2, 2024. Several state-specific holidays will also cause banks to be closed for up to 15 days in October.