As we step into the final stretch of September, it is imperative to take note of a significant development: banks are slated to suspend their operations for a full week commencing on September 22. The roster of these bank holidays differs from one region to another, in accordance with the list provided by the Reserve Bank of India. In the grand scheme of things, September boasts a total of 16 bank holidays, encompassing Sundays and the second and fourth Saturdays of the month.
A noteworthy detail to highlight is the impending deadline for the exchange or deposit of Rs. 2000 denomination banknotes by September 30, 2023. On May 19, 2023, the Reserve Bank of India (RBI) discontinued the circulation of Rs. 2000 notes, granting a generous window of nearly four months for individuals to either deposit or exchange these notes.
Here is a compilation of the seven remaining bank holidays in September, along with the specific regions where banks will be closed:
September 22 – Sree Narayana Guru Samadhi Day (Bank closures in Kerala).
September 23 – Fourth Saturday and Birthday of Maharaja Hari Singh Ji (Bank closures in Jammu and Kashmir).
September 24 – Sunday.
September 25 – Janmotsav of Srimanta Sankardeva (Bank closures in Assam).
September 27 – Milad-i-Sherif (Birthday of Prophet Muhammed) (Bank closures in Jammu and Kerala).
September 28 – Eid-E-Milad/Eid-e-Meeladunnabi (Prophet Mohammad's Birthday, also known as Bara Vafat) (Bank closures in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttar Pradesh, New Delhi, Chhattisgarh, and Jharkhand).
September 29 – Indrajatra/Friday following Eid-i-Milad-ul-Nabi (Bank closures in Sikkim, Jammu, and Srinagar).
The Reserve Bank of India (RBI) has categorized these holidays into three distinct brackets: Holidays under Negotiable Instruments Act, Holidays under Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks' Closing of Accounts.
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