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According to the list of holidays published by the Reserve Bank Of India(RBI), today i.e. November 8, 2022, is a Bank Holiday on the occasion of Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima. However, it is a state-specific holiday. This means that the banks will be closed in several states, while in some states it is business per usual.
As mentioned on the RBI website, on November 8, 2022, banks will remain closed in Aizawl, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar. Meanwhile, banks will be open as usual, even on Guru Nanak Jayanti, in Agartala, Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Imphal, Kochi, Panaji, Patna, Shillong and Thiruvananthapuram.
According to the RBI website, the holiday on Guru Nanak Jayanti falls under the category of “Holiday under Negotiable Instruments Act”. Meanwhile, the other two categories are “Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday” and “Banks’ Closing of Accounts”.
In fact, there’s another bank holiday coming up on November 11, 2022, for Kanakadasa Jayanthi/Wangala Festival in the same category as today’s holiday. However, on this day banks will only be closed only in Bengaluru and Shilong, while it remains open in every other circle.
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Image and article originally from www.bqprime.com. Read the original article here.