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As the festive season is occurring and there are back-to-back holidays, checking account holders ought to verify the record of holidays of their banks earlier than visiting them.
There are a number of festivals in the third and fourth week of the month of November on account of which banks will stay closed for consecutive days. Different states have completely different financial institution holidays however roughly, most banks will stay closed for 3 days in the third week.
Just earlier than November third week, banks had been closed on November 14 on the event of Diwali. Banks will stay closed on Monday, November 16 on account of Bhai Dooj. In the state of Manipur, there might be a vacation in banks for the competition of Ningol Chakouba on November 17. In some states, banks will stay closed on November 18 for Laxmi Puja.
On the event of Chhath Puja, banks will stay closed in the states of Bihar and Jharkhand on November 20 and 21. This might be adopted by a Sunday so will probably be an extended weekend for these working in banks in these states and others, the place they are going to be two days off for Chhath Puja.
There might be one other set of three consecutive financial institution holidays in the final week of November. As will probably be the fourth Saturday of the month, banks will stay closed on November 28. Next day (November 29) would even be a vacation due to Sunday after which lastly on November 30, will probably be the Sikh competition of Guru Nanak Jayanti and likewise Kartik Purnima. So, banks will stay closed on Monday on account of these events.
Bank holders must take this under consideration earlier than planning to go to banks for withdrawal of cash or every other banking exercise.
In October, banks had been closed for nearly half the month, together with weekly offs. There had been festivals like Dussehra, Milad un Nabi, Valmiki Jayanti which contributed to financial institution holidays in the month of October.
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