Saturday Holiday: Are banks open or closed for Onam, Saturday, 14th September?

All banks including cooperative, rural, regional, private and public banks in India do not work on all Saturdays. As per the Reserve Bank of India (RBI) guidelines, banks are closed on the second and fourth Saturday of the month.

Banks are also closed on all Sundays, as well as on national and regional holidays.

Onam 2024: Is this Saturday, September 14, a bank holiday?

Banks are closed on September 14, the second Saturday of the month. However, if it were not the second Saturday, banks would be closed in the states of Kerala and Jharkhand for Onam and Karma Puja respectively.

The RBI designates certain holidays under the Negotiable Instruments Act, Real Time Gross Settlement (RTGS) holidays and Closing of Bank Accounts holidays.

The Government of India has declared only three national holidays in 2024: Republic Day (January 26), Independence Day (August 15) and Gandhi Jayanti (October 2).

The people of Kerala mainly celebrate Onam, an annual cultural and harvest festival. It is an important event for the people of Kerala as it is the official festival of the state and features a variety of cultural activities. The date of Onam is determined by the Panchangam and falls on the 22nd nakshatra Thiruvonam in the month of Chingam in the Malay calendar. This corresponds to the period between August and September in the Gregorian calendar.

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Public holidays in September 2024

Banks will be closed for 15 days, depending on the state, in September. Banks will be closed on the occasion of Tirubhav Tithi of Srimanta Sankardeva, Ganesh Chaturthi, First Onam, Milad-un-Nabi or Id-e Milad, Indrajatra/Id-e-Milad, Pang-Lhabsol, the Friday following Eid-i-Milad-ul-Nabi, Sree Narayana Guru Samadhi Day, Maharaja Hari Singh Ji’s Birthday.

Public holidays in September 2024: Banks are closed for 15 days in September; see the full list of public holidays by state

September 24th 4 7 9 14 16 17 18 20 21 23 25
Agartala
Ahmedabad
Aizawl
Belapur
Bangalore
Bhopal
Bhubaneshwar
Chandigarh
Chennai
Dehradun
gangtok
Guwahati
Hyderabad-Andhra Pradesh
Hyderabad-Telangana
Imphal
Itanagar
Jaipur
Jammu
Kanpur City
Cochin
Kohima
Calcutta
Lucknow
Bombay
Nagpur
New Delhi
panaji
Patna
Raipur
Ranch
Shillong
Shimla City
srinagar
Thiruvananthapuram

Holiday Description Day
Tirubhav Tithi by Srimanta Sankardeva 4
Ganesh Chaturthi/Samvatsari (Chaturthi Paksha)/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi 7
Nuakhai 9
Karma Puja/First Onam 14
Milad-un-Nabi or Id-e Milad (Prophet Muhammad’s birthday) (death only) 16
Indrajatra/Id-e-Milad (Milad-Un-Nabi) 17
lahabsol language 18
Friday following Eid-i-Milad-ul-Nabi 20
Sree Narayana Guru Samadhi Day 21
Maharaja Hari Singh Ji’s Birthday 23
General Elections to the State Legislative Assembly 2024 25

Source: RBI website

Digital banking

During these holidays, banking operations cannot be carried out and physical banking services are not offered. However, bank customers can use internet banking, SMS banking and WhatsApp banking services to conduct financial and non-financial transactions.

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