Banks will remain closed for 3 consecutive days this week. Know the details


The Reserve Bank of India (RBI) previously published a list of public holidays for the month of September. In total, there were 12 public holidays that populated the calendar month of September, however, as the days passed, so did some holidays. Now the current count stands at a total of 9 public holidays. These 9 are not just a list made up of RBI-mandated leave alone. It also has a uniform weekend vacation mix. Initially there were initially seven public holidays and they started on September 8th. However, that was not the start of the holiday list. If you consider the weekends, then technically the holidays started on September 5th, which was the first Sunday of the month.

Another thing to note about these holidays is that they are a mixture of state leaves, festival celebrations and religious holidays. If you are considering a more formal categorization, the RBI has segmented the sheets for this month under the parenthesis of “Holidays under the Tradable Instruments Act”. The RBI has listed two other categories, which are “Public Holidays under the Tradable Instruments Act and Real-Time Gross Settlement Public Holidays” and “Bank Account Closure”, however, these do not apply. ‘not apply to this particular month.

Keep in mind that these holidays, with the exception of weekends, are not universal or uniform. They do not apply to all banks in different states on the same date. It will only apply to lenders that fall under the jurisdiction of the specified cities and towns as mentioned by the RBI for that particular day. Having said that, September 10th, which is Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) / Vinayakar Chathurthi / Varasiddhi Vinayaka Vrata, is the biggest public holiday that takes place this month. This is important in the sense that a significant number of cities in multiple states will be celebrating this. Places where lenders will have a day off on this day include Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur, Panaji.

The next day is also the second day of Ganesh Chaturthi, but it will only be a holiday for the banks of Panaji. This is basically the nature of the RBI list. Interestingly, on September 11, alongside the second day of Ganesh Chaturthi, the second Saturday of the month will also be held, which means that all banks will have a holiday on this day.

Apart from that, there are three Sundays as well as the fourth Saturday, which are the bank holiday weekends for this month. September 12 will be a Sunday, just like September 19. September 25 September 26 will be the fourth Saturday and the last Sunday of the month, respectively. The last Sunday will also be the last bank holiday of the month.

The last official RBI holiday on the list is actually September 21, which is Sree Narayana Guru Samadhi Day. It will be a stop for the lenders in Kochi and Thiruvananthapuram.

Here is the complete list of public holidays for the month of September 2021, according to RBI mandate: (As of September 10, 2021)

1) September 10 – Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) / Vinayakar Chathurthi / Varasiddhi Vinayaka Vrata – (Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur, Panaji)

2) September 11 – Second Saturday / Ganesh Chaturthi (2nd day) – (Panaji)

3) September 12 – Sunday

4) September 17 – Karma Puja – (Ranchi)

5) September 19 – Sunday

6) September 20 – Indrajatra – (Gangtok)

7) September 21 – Sree Narayana Guru Samadhi Day – (Kochi and Thiruvananthapuram)

8) September 25 – Fourth Saturday

9) September 26 – Sunday

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