Are the banks open or closed this Saturday, October 19?
The banks will be open this Saturday, October 19, since it is the third Saturday of the month. As per RBI regulations, the first, third and fifth Saturdays of some months are business days unless otherwise directed by the RBI.
October holidays
Banks will be closed for 15 days in October in several states due to various state-specific festivals. Banks will be closed in October 2024 on the occasion of 2024 State Legislative Assembly general elections, Mahatma Gandhi Jayanti/Mahalaya Amavasye, Navratra Sthapna, Durga Puja/Dussehra (Maha Saptami), Dusshera (Mahashtami/Mahanavami)/Ayudha Pooja /Durga Puja/Durga Ashtami, Dasara/Dussehra (Mahanavami/Vijayadashmi)/Durga Puja (Dasain), Durga Puja (Dasain), Lakshmi Puja, Maharshi Valmiki Jayanti/Kati Bihu, Accession Day, Diwali (Deepavali)/Kali Puja /Sardar Vallabhbhai Patel’s Birthday/ Naraka Chaturdashi.
October 2024 holidays: Banks close for 15 days in October; see the full list of state holidays
Upcoming holidays
- Accession Day, October 26: Banks are closed in Jammu and Srinagar.
- Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi- Banks are closed in most states except Tripura, Maharashtra, Uttarakhand, Sikkim, Manipur, Meghalaya.
October 2024 holidays
| October 24 | 1 | 2 | 3 | 10 | 11 | 12 | 14 | 15 | 16 | 17 | 24 | 26 | 31 |
| Agartala | • | • | • | • | • | ||||||||
| Ahmedabad | • | • | |||||||||||
| Aizawl | • | • | |||||||||||
| Belapur | • | • | |||||||||||
| Bengaluru | • | • | • | • | |||||||||
| Bhopal | • | • | • | ||||||||||
| Bhubaneshwar | • | • | • | • | |||||||||
| chandigarh | • | • | • | • | |||||||||
| Chennai | • | • | • | • | |||||||||
| Dehradun | • | • | |||||||||||
| gangtok | • | • | • | • | • | ||||||||
| Guwahati | • | • | • | • | • | • | |||||||
| Hyderabad – Andhra Pradesh | • | • | • | ||||||||||
| Hyderabad-Telangana | • | • | • | ||||||||||
| imphal | • | • | |||||||||||
| Itanagar | • | • | • | • | |||||||||
| Jaipur | • | • | • | • | |||||||||
| jammu | • | • | • | • | |||||||||
| Kanpur | • | • | • | • | |||||||||
| Cochin | • | • | • | • | |||||||||
| Kohima | • | • | • | • | |||||||||
| Calcutta | • | • | • | • | • | • | |||||||
| Lucknow | • | • | • | • | |||||||||
| Bombay | • | • | |||||||||||
| nagpur | • | • | |||||||||||
| New Delhi | • | • | • | • | |||||||||
| panaji | • | • | • | ||||||||||
| Patna | • | • | • | • | |||||||||
| raipur | • | • | • | ||||||||||
| ranchi | • | • | • | • | |||||||||
| shillong | • | • | • | ||||||||||
| Shimla | • | • | • | • | |||||||||
| srinagar | • | • | • | ||||||||||
| Thiruvananthapuram | • | • | • | • |
| Holiday description | Day |
| General Elections to the State Legislative Assembly 2024 | 1 |
| Mahatma Gandhi Jayanti/Mahalaya Amavasye | 2 |
| Navratra Sthapna/Maharaja Agrasen Jayanti | 3 |
| Durga Puja/Dussehra (Maha Saptami) | 10 |
| Dusshera (Mahashtami/Mahanavami)/Ayudha Pooja/Durga Puja (Dasain)/Durga Ashtami | 11 |
| Dasara/Dussehra (Mahanavami/Vijayadashmi)/Durga Puja (Dasain) | 12 |
| Durga Puja (Dasain) | 14 |
| Durga Puja (Dasain) | 15 |
| Lakshmi Pooja | 16 |
| Maharshi Valmiki Jayanti/Kati Bihu | 17 |
| *The Reserve Bank of India office in New Delhi will close at 2:00 pm on October 24, 2024 (Thursday) | 24 |
| Accession Day | 26 |
| Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi | 31 |
Source: RBI websiteDigital banking
Digital banking has several benefits, one of which is its 24/7 accessibility. Digital banking eliminates the awkward situation where traditional banking hours conflict with people’s hectic schedules.
Using digital banking, customers can use computers or mobile phones to access their accounts and carry out transactions anywhere and anytime. With digital banking, busy consumers can effortlessly manage their accounts even at odd hours, whether for bill payments, checking account balances, credit card applications or fund transfers.
Digital banking also has the risk of fraud, which is a constant threat when trying to obtain confidential information.
Below are some methods, according to the Bank of Baroda website.
- Vishing: Sharing financial information on the pretext of updating KYC, unlocking account, SIM card, debit/credit card.
- Phishing: Fake emails/SMS, designed in such a way that customers think they come from the bank.
- Remote Access: Customers unknowingly download an application on their mobile/computer that gives them access to customer data.
- Misuse of UPI ‘collection request’ by sending fake messages to collect money.
- Fake bank numbers/e-wallets/incorrect search engine results/social media fraud.
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