Bank Holiday: According to RBI, banks will remain closed in Bengaluru, Guwahati and Shimla today. Schools and colleges will remain closed in Uttar Pradesh. Many other states including Punjab, Haryana and Madhya Pradesh have declared a public holiday today on the occasion of Valmiki Jayanti.
Bank Holiday: On the occasion of Maharishi Valmiki Jayanti, a public holiday has been declared in many places today, due to which schools, colleges, government offices and banks will remain closed. According to RBI, banks will remain closed in Bengaluru, Guwahati and Shimla today.
Schools and colleges closed in Uttar Pradesh: Banks are closed today due to Valmiki Jayanti on October 17. Many state governments have announced a public holiday in schools, colleges, banks and government offices to honour him on his birth anniversary. All schools and colleges will remain closed in Uttar Pradesh on the occasion of Maharishi Valmiki’s birth anniversary.
October 17 has been declared as a holiday by the Yogi Adityanath government. Meanwhile, several other states including Punjab, Haryana and Madhya Pradesh have declared a public holiday today on the occasion of Valmiki Jayanti.
Remaining Holidays in October
October 17, 2024 (Thursday): Maharishi Valmiki Jayanti/Kati Bihu – observed in states like Karnataka, Assam and Himachal Pradesh.
October 26, 2024 (Saturday): Accession Day in Jammu and Kashmir.
October 31, 2024 (Thursday): Diwali (Deepawali) – a major festival celebrated across the country, especially in states like Gujarat and West Bengal, which also marks the birthday of Sardar Vallabhbhai Patel.
Apart from these, banks are closed on the second and fourth Saturdays (October 12 and 26) as well as every Sunday during the month.
How RBI determines holidays
The Reserve Bank of India (RBI) divides holidays into three categories. Holidays under Negotiable Instruments Act; Holidays under Negotiable Instruments Act and Real Time Gross Settlement Holidays. As per the RBI holiday calendar, banks are closed on the second and fourth Saturdays of every month. Apart from this, bank holidays for festivals vary from state to state and city to city.
