New Delhi, November 2: Banking activities including all financial transactions across the nation will take a hit in November on account of several festivals, especially during the Diwali week. During November, banks are likely to be shut on a number of holidays including Diwali, Guru Nanak Jayanti, Chhath Puja, Bhai Dooj, Eid-e-Milad. However, the dates of these bank holidays may differ from state to state. It must be noted that these holidays exclude the Sunday holiday and the second and fourth Saturday of the month. Bank Holidays on Diwali 2018: State-Wise List of Days When Banks, Government Offices & Schools Will be Shut.
November will witness a five-day bank holiday at a go. In the first week, banks will be shut on the occasion of Diwali from November 7 (Govardhan puja) to November 9 (Bhai dooj). November 10 is the second Saturday and November 11 is a Sunday so no banking transactions would be possible. In all, November would see 5 days bank holiday at a go. Bank Holidays In October And November 2018: Banks to Remain Shut On These 11 Days in Festive Season; ATMs May Run Out of Cash.
Take a look at the state-wise list of holidays in November 2018:
|Dates||States having Holiday|
|Nov 1||Puducherry, Haryana, Karnataka, Manipur|
|Nov 6||Andhra Pradesh, Goa, Karnataka, Kerala, Puducherry, Telangana & Tamil Nadu|
|Nov 7||National Holiday for Diwali except for Andhra Pradesh, Goa, Karnataka, Kerala, Puducherry, Tami Nadu, Telangana|
|Nov 8||Gujarat, Rajasthan Sikkim, Uttarakhand, Uttar Pradesh|
|Nov 9||Meghalaya and Uttar Pradesh|
|Nov 10||Second Saturday|
|Nov 13||Bihar, Jharkhand|
|Nov 21||National holiday except for Andaman and Nicobar, Arunachal Pradesh, Assam, Bihar, Goa, Himachal Pradesh, Manipur, Meghalaya, Punjab, Sikkim, West Bengal|
|Nov 23||National holiday except for Andhra Pradesh, Bihar, Daman and Diu, Goa, Karnataka, Kerala, Manipur, Meghalaya, Odisha, Puducherry, Sikkim, Tamil Nadu, Tripura|
Banking operations, intra-government transactions, transaction clearances among other transactions are likely to be impacted during these holidays. Reports inform that there are around 2.20 lakh ATMs across the country. As the festive season has set in, people are likely to face a cash crunch as ATMs are believed to run out of cash. List of Bank Holidays During March 2018 Year Ending: Calm Down as Banks Are Not Shut for 5 Consecutive Days!
The demand for cash may increase as people are likely to spend more money during the festive season as they visit relatives and friends. Customers are however requested to withdraw money in advance to avoid such a chaos as withdrawing a large sum of money during the festivals will not be possible. Happy Holidays everyone!