Bank Holiday on 28th September 2023: All You Need to Know

As the month of September draws to a close, citizens across various states in India are gearing up for the bank holiday on the occasion of Eid-E-Milad. Eid-E-Milad Celebrations and Bank Holiday on 28th September 2023

Bank Holiday on 28th September 2023

Eid-E-Milad, also known as Milad-i-Sherif and Eid-e-Miladunnabi, marks the birth anniversary of Prophet Muhammad. This significant festival has led to bank closures in various states on different dates:

  • September 27, 2023: Banks observed a holiday in Jammu and Kerala for Milad-i-Sherif.
  • September 28, 2023: A more widespread bank holiday was observed in states including Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttar Pradesh, New Delhi, Chhattisgarh, and Jharkhand for Eid-e-Milad or Eid-e-Miladunnabi.
  • September 29, 2023: Banks in Sikkim, Jammu, and Srinagar remained closed due to Indrajatra and the Friday following Eid-i-Milad-ul-Nabi.

The Reserve Bank of India has categorized the bank holidays under three brackets: Holiday under the Negotiable Instruments Act; Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays; and Banks’ Closing of Accounts.

Postponed the ‘Milad-e-Sharif Kerala

The Kerala government, in a recent announcement, postponed the ‘Milad-e-Sharif’ holiday from September 27 to 28. Consequently, government offices, public sector enterprises, and professional colleges in the state remained shut on Thursday, September 28. However, it’s essential to note that September 27 was a working day for everyone in Kerala.

Upcoming Bank Holiday

September has witnessed a total of 16 bank holidays across different states, including Sundays, second Saturdays, and fourth Saturdays. Apart from the Eid-E-Milad celebrations, banks were also closed on occasions such as Sri Krishna Janmashtami, Ganesh Chaturthi, and the birthday of Maharaja Hari Singh Ji, among others.

While physical bank branches remained closed on these dates, online banking services continued to operate seamlessly. Customers were able to perform banking transactions, check balances, and execute other essential banking tasks without any hindrance.

The next significant bank holiday to mark on your calendars is October 2, in observance of Gandhi Jayanti. Both public and private sector banks will remain closed on this day.

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