Banks to remain closed in THESE states on September 29
According to Reserve Bank of India (RBI) holiday calendar, banks will remain closed some states on September 29.
Banks will remain closed in Sikkim, Jammu, Maharashtra and Srinagar on September 29, according to Reserve Bank of India (RBI) holiday calendar.
This brings a long week of holidays for the people of Maharashtra, with two consecutive state holidays on Thursday and Friday, followed by the weekend and a national holiday on October 2 that is Monday, which marks Mahatma Gandhi's birth anniversary.
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Eid-e-Milad, also known as Milad-un-Nabi and Mawlid-un-Nabi, is one of the prominent Muslim festivals that commemorates the birth anniversary of Prophet Muhammad. This year, Eid-e-Milad was celebrated on September 28 and in observance of the festival, banks have been closed in some cities on both September 28 and 29. While banks will remain closed during these dates, online banking services, including mobile and internet banking, will continue to operate as usual.
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The Reserve Bank of India categorises bank holidays into three groups that include Holidays under the Negotiable Instruments Act; Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays; and Banks’ Closing of Accounts.
In the month of September this year, there were 16 bank holidays across different states on different occasions including Sri Krishna Janmashtami, Ganesh Chaturthi, Eid-e-Milad and Anant Chaturdashi.
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