Bank Holidays for Diwali 2024, Check the Dates

Diwali 2024 bank holidays full list: The diverse traditions and customs in India lead to varying bank holidays during Diwali (Deepavali) across different states. Understanding the bank closure dates for Diwali in 2024 is essential for individuals, businesses, and tourists to efficiently plan their financial transactions and travel. It’s important to note that some holidays, such as Karva Chauth, Rajyotsava, and Kut festival, are specific to certain states. Diwali, also known as Deepavali, is a Hindu festival that celebrates the triumph of light over darkness, good over evil, and knowledge over ignorance. The festival typically spans five to six days, during which people decorate their homes, temples, and workplaces with diyas (oil lamps), candles, and lanterns. The festival holds great spiritual significance, as it symbolizes “the spiritual victory of light over darkness, good over evil, and knowledge over ignorance.”

Diwali Bank Holidays 2024 by Date and State

Here is a detailed breakdown of Diwali-related bank holidays across Indian states. These dates include key celebrations associated with Diwali and related festivals.

1. Bank Holidays on October 31, 2024 (Thursday)

On October 31, several states will observe bank holidays. Banks will be closed in:

Andhra Pradesh
Goa
Karnataka
Kerala
Puducherry
Telangana
Tamil Nadu
Delhi
Uttar Pradesh
West Bengal

However, banks will remain open in:

Tripura
Rajasthan
Uttarakhand
Sikkim
Manipur
Jammu
Kashmir
Meghalaya

Significance: In these states, October 31 may be marked by the preparation for Diwali or related cultural and religious observances, though it is not a public holiday in states like Tripura, Rajasthan, and others listed above.

2. Bank Holidays on November 1, 2024 (Friday)

On November 1, banks will be closed in several more states, primarily due to celebrations specific to local customs. States observing a holiday on this day include:

Tripura
Karnataka
Uttarakhand
Jammu & Kashmir
Maharashtra
Meghalaya
Sikkim
Manipur

Festivals Observed: This date is significant due to the celebration of Deepavali (Diwali), Kut Festival, and Kannada Rajyotsava.

Kut Festival: This is a traditional festival celebrated by the Kuki-Chin-Mizo communities in the northeastern states, specifically in Tripura and Manipur.
Kannada Rajyotsava: In Karnataka, November 1 is observed as Kannada Rajyotsava, a state holiday celebrating the formation of the state of Karnataka in 1956.

Cultural Insight: These regional festivals highlight the diversity within India’s Diwali celebrations, reflecting local customs and historical events unique to each state.

3. Bank Holidays on November 2, 2024 (Saturday)

November 2 is also an important day for bank closures across multiple states due to specific Diwali-related celebrations. Banks will be closed in:

Gujarat
Maharashtra
Karnataka
Uttarakhand
Sikkim
Rajasthan
Uttar Pradesh

Festivals Observed: The primary celebrations observed on this day include Diwali Bali Pratipada, Vikrami Puj (Deepavali), Govardhan Pooja, and Vikram Samvat New Year Day.

Diwali Bali Pratipada: Observed mainly in Maharashtra and Gujarat, this day celebrates King Bali and is an important day in the post-Diwali celebrations.
Govardhan Pooja: In parts of North India, this day commemorates Lord Krishna lifting the Govardhan Hill to protect the villagers of Vrindavan from heavy rains, a story celebrated with reverence.

Extended Bank Holidays in Specific States

Due to the consecutive nature of Diwali celebrations, some states will have extended bank holidays. Here’s how the holidays will extend in certain regions:

Karnataka and Maharashtra: Banks will be closed for four consecutive days from October 31 to November 3 (Sunday). This extended holiday provides people in these states ample time to celebrate and participate in Diwali traditions without interruption.
Uttarakhand and Sikkim: Banks will be closed for three consecutive days from November 1 to November 3 (Sunday), allowing for a long weekend to celebrate Diwali and associated local festivals.

These extended holidays in some states reflect the significance of Diwali, allowing individuals more time for festivities, family gatherings, and spiritual observances.

Planning for Diwali: Tips for Individuals and Businesses

Given the varied bank holiday schedule across states, here are some practical tips for those planning financial transactions or travel:

Plan Transactions in Advance: Individuals and businesses should prepare for these holidays by completing any necessary financial transactions, including bank transfers and bill payments, ahead of the holiday period.
Tourist and Travel Considerations: For tourists and travelers, it’s essential to know the holiday schedules, as many services may be impacted by closures. Travelers should also book accommodations and transport in advance, particularly in states where extended holidays are observed.
Use of Digital Banking Services: During bank closures, individuals can rely on digital banking options such as net banking, mobile banking, and ATM services for transactions and cash withdrawals. Most banks also provide online services that remain functional even on public holidays.
Regional Festivals and Local Customs: Diwali celebrations may vary from one state to another. Understanding the unique cultural practices, such as Govardhan Pooja in North India or Kannada Rajyotsava in Karnataka, adds depth to the experience, especially for those traveling during this time.