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News » India News » Diwali holiday in Maharashtra: Will banks remain closed on October 31 or November 1?

India News

Diwali holiday in Maharashtra: Will banks remain closed on October 31 or November 1?

NM Desk
Last updated: 27 October, 2024 5:23 PM
NM Desk
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Diwali holiday in Maharashtra: Will banks remain closed on October 31 or November 1?

Mumbai: Diwali or Deepawali often referred to as the ‘Festival of Lights,’ is one of India’s most cherished and widely celebrated festivals. This vibrant occasion symbolises the victory of light over darkness and good over evil, with roots deeply embedded in cultural and religious traditions across the country.

The festival is marked by an array of lively celebrations, which include families coming together to share joy, laughter, and delicious feasts. Homes are adorned with colourful rangolis, sparkling diyas, and twinkling lights, creating a warm and inviting atmosphere.

As families gather to perform traditional rituals and share in the festivities, Diwali serves as a time for renewal, gratitude, and the strengthening of bonds. It encompasses various activities, from lighting lamps to bursting fireworks and exchanging sweets and gifts, making it a truly joyous occasion for all.

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Diwali is observed on Kartik Amavasya, which is the darkest night of the year in the Hindu month of Kartik. The celebration spans five days, starting from Dhanteras and concluding with Bhai Dooj.

During this five-day festival, numerous rituals are performed, and while Goddess Lakshmi is the primary deity worshipped, several other Gods and Goddesses are also honoured. The day of Amavasya holds particular significance, known as Lakshmi Puja, Lakshmi-Ganesh Puja, or simply Diwali Puja.

On this auspicious day, families illuminate their homes with diyas and candles, don new clothes, and share sweets and gifts. Special puja rituals are conducted, focusing on the worship of Goddess Lakshmi, who symbolises prosperity and well-being. This festive spirit unites people in joy and gratitude, marking a time of renewal and celebration.

With Diwali 2024 approaching, many are also curious about the accompanying bank holiday schedule. Since the festival falls on October 31 this year, different states may observe holidays either on that day or the following day, November 1, influenced by local customs and regional practices. Understanding the holiday schedule is essential for those planning banking activities during this festive time, ensuring they can participate in the celebrations without any interruptions.

Diwali 2024 Holiday in Maharashtra

Here’s a comprehensive guide to the bank holidays surrounding Diwali in 2024:

This year, Diwali falls on Thursday, October 31, 2024. Typically, banks in states where Diwali is a prominent festival will observe a holiday on this day. However, some states may have different holiday observances, especially if they celebrate additional festivities alongside Diwali.

The Reserve Bank of India (RBI), in partnership with state authorities, sets the official holiday schedule, leading to regional differences. Bank closures may vary as they are aligned with local traditions and state government guidelines.

Banks will be closed in Maharashtra on November 1 and 2. 

On November 1, 2024, Friday, banks will be closed in Maharashtra to observe the celebrations of Deepavali.

On November 2, 2024, Saturday, several significant celebrations will take place, including Govardhan Pooja, and Vikram Savant New Year Day. Consequently, banks will be closed in Maharashtra.

If you plan to conduct any banking transactions around Diwali, it’s advisable to check with your local branch or visit your bank’s website for precise holiday information. Despite the holiday closures, ATM services, online banking, and mobile banking will still be operational, ensuring that essential banking services remain accessible.

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