Business · India Bureau
Banks Shut Across India on October 20 for Dussehra Festival
October 20 will see the widest bank closures of the month as financial institutions remain shut for Dussehra and related festivals across multiple states. Customers are advised to plan their banking requirements accordingly.
LSN India ·
Banks across India will remain closed on October 20 for Dussehra and associated regional festivals, marking one of the busiest closure days in the financial calendar. The shutdown will impact most states as they observe Dasara, Dussehra, Vijaya Dashami, Mahanavami, Ayudha Puja, and Durga Puja celebrations.
The festival-related closures are observed under the Reserve Bank of India's holiday schedule, which recognizes major festivals across the country's diverse calendar. Different states observe different festival names and dates based on regional traditions, though October 20 has emerged as a key closure date this year.
Customers requiring banking services are advised to complete their essential transactions before October 20 or wait for banks to resume normal operations the following day. This includes deposits, withdrawals, loan applications, and other counter services that require in-person visits.
Online banking services, including fund transfers, bill payments, and account management through digital platforms, will continue to operate during the closure period. Customers are encouraged to utilize these digital channels for urgent requirements.
Industry observers note that October 20 represents one of the heaviest closure days in the year, with the convergence of major festivals across multiple states. Businesses and individuals should factor this into their financial planning for the month.
Photo: The Reserve Bank of India building in Mumbai, November 2019. Sailko via Wikimedia Commons (CC BY 3.0).