Banks to remain closed in Diwali, Here are the dates

On Oct 27, 2018

NP NEWS 24 ONLINE – Banks which are an integral part of any common man’s life. The latest rumours on social media that banks will remain closed in October and November are triggering confusion in the minds of the general public. But, what’s the truth? The truth is that yes banks will be remained closed, but…

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The fake news is based on the hypothesis that banks will be closed for Diwali and allied festivals, which is not true. The banks are actually not closed for more than four days in most of the states across the country.

Here’s the list of upcoming bank holidays in October and November

October 27: Fourth Saturday

November 6: Diwali (only in a few states)

November 7: Diwali (in most states)

November 21: Id-e-Milad

November 23: Guru Nanak Birthday (only in few states)

State wise Holiday The banks remain open on first and third Saturdays every month and close on second and fourth. There is going to be only one long weekend in states where banks are closed for Guru Nanak birthday.

In Bihar, there is an additional two-day bank holiday on November 13 and November 14 for Chhath. However, it’s not the case in other states.

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Meanwhile, in the month of August as well, social media was bombarded with rumours of the similar kind. A viral WhatsApp message circulated then claiming banks will remain closed from September 2 to 5 and thereafter from September 8 to 9.

“Dear All, Pl, note that all the Banks will remain closed for six days. 2nd Sept- Sun, 3rd Sept-Janmashtami, 4th, 5th Sept – Banks strike to protest for the pension. 8th, 9th Sept- sat & Sun – Closed. All ATM’s may remain cashless. Pl, plan accordingly,” read one of the messages which circulated on WhatsApp then.

Nevertheless, the rumours circulating on social media were found to be false later.