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Business News/ News / September Bank Holidays: Banks to remain closed for a week in THESE cities as deadline to exchange 2000 note nears

September Bank Holidays: Banks to remain closed for a week in THESE cities as deadline to exchange ₹2000 note nears

Banks in India to remain closed for seven days from 22 September, with various state-specific holidays throughout September. Exchange or deposit ₹2000 notes by 30 September 2023. Remaining holidays listed. RBI categorizes holidays under three brackets.

Bank Holidays in September 2023.Premium
Bank Holidays in September 2023.

As we enter the final week of September, it is important to note that banks are set to remain closed for seven days starting from 22 September. According to the holiday list shared by the Reserve Bank of India, these bank holidays vary from state to state. Overall, the month of September had 16 Bank holidays including Sundays and second and fourth Saturday.

It also important to note that Banknotes in the denomination of 2000 must be exchanged or deposited by September 30, 2023. The Reserve Bank of India (RBI) had removed the circulation of 2000 notes on 19 May 2023 and had given nearly four months to deposit or exchange these notes.

Also Read: You can’t use 2,000 notes HERE; find out details

Here's is the list of the seven remaining Bank Holidays in September. 

1. September 22 – Sree Narayana Guru Samadhi Day. Banks will remain closed in Kerala.

2. September 23 – Fourth Saturday and Birthday of Maharaja Hari Singh Ji (Banks will remain closed in Jammu and Kashmir.) 

3. September 24: Sunday

4. September 25 – Janmotsav of Srimanta Sankardeva (Banks will remain closed in Assam)

5. September 27 – Milad-i-Sherif (Birthday of Prophet Muhammed) (Banks will remain closed in Jammu and Kerala)

6. September 28 – Eid-E-Milad/Eid-e-Meeladunnabi - (Prophet Mohammad's Birthday) (Bara Vafat) Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh and Jharkhand.

7. September 29 – Indrajatra/Friday following Eid-i-Milad-ul-Nabi (Banks will remain closed in Sikkim, and Jammu and Srinagar.)

The Reserve Bank of India (RBI) has placed the holidays under three brackets- Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.

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Published: 23 Sep 2023, 11:00 AM IST
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