Bank Holidays October 2021: Banks to remain shut for up to 14 days from Oct 12; check full list here

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On 12 October 2021, banks in Agartala and Kolkata will remain shut due to Durga Puja (Maha Saptami). Image: Reuters

Bank Holidays in October: As the festive season has started, banks in India will remain closed for up to 14 days, starting from today in October 2021, including second and fourth Saturdays, and Sundays. Apart from the weekly offs, banks will not be closed for all 14 days for all states as these are state-specific holidays for different occasions. The Reserve Bank of India (RBI) has categorised holidays under three categories — Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts. The list of holidays given below has been notified by RBI.

Festive Holidays in October 2021

12 October 2021 – Durga Puja (Maha Saptami)
13 October 2021 – Durga Puja (Maha Ashtami)
14 October 2021 – Durga Puja/Dussehra (Maha Navami)/Ayutha Pooja
15 October 2021 – Durga Puja/Dasara/Dusshera (Vijaya Dashmi)
16 October 2021 – Durga Puja (Dasain)
18 October 2021 – Kati Bihu
19 October 2021 – Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif (Prophet Mohammad’s Birthday)/Baravafat
20 October 2021 – Maharishi Valmiki’s Birthday/Lakshmi Puja/Id-E-Milad
22 October 2021 – Friday following Eid-i-Milad-ul-Nabi
26 October 2021 – Accession Day

On 12 October 2021, banks in Agartala and Kolkata will remain shut due to Durga Puja (Maha Saptami). On the next day, banks in Agartala, Bhubaneswar, Gangtok, Guwahati, Imphal, Kolkata, Patna, and Ranchi will observe a holiday on account of Durga Puja (Maha Ashtami). On 14 October, banks across Agartala, Bengaluru, Chennai, Gangtok, Guwahati, Kanpur, Kochi, Kolkata, Lucknow, Patna, Ranchi, Shillong, and Thiruvananthapuram will be closed for Durga Puja/Dussehra (Maha Navami)/Ayutha Pooja.

On 15 October 2021, except for Imphal and Shimal, banks across the country will remain closed for Durga Puja/Dasara/Dusshera (Vijaya Dashmi). Only banks in Gangtok will remain closed on 16 October to observe Durga Puja (Dasain). On 18 October, banks in Guwahati will be closed; on 19 October, banks in Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, Thiruvananthapuram will remain shut for Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif. Banks in Agartala, Bengaluru, Chandigarh, Kolkata, Shimla, will be closed on 20 October for Maharishi Valmiki’s Birthday. On 22 and 26 October, banks in Jammu and Srinagar will remain closed for Eid-i-Milad-ul-Nabi, and Accession Day, respectively.

Weekend Bank Holidays in October 2021

17 October 2021 – Sunday
23 October 2021 – 4th Saturday
24 October 2021 – Sunday
31 October 2021 – Sunday

All the public and private sector banks in India remain closed on the second and fourth Saturdays of every month, along with a weekly holiday on Sunday. Even as banks will remain shut on the above-mentioned days, customers can avail net banking and other online services. Mobile and internet banking will also remain operational.

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Staff asked to follow ‘Navratri’ dress code or pay fine!, BFSI News, ET BFSI

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Mumbai, In a bizarre development, public sector lender, Union Bank of India had mandated a section of its staffers compulsorily adhere to a special ‘Navratri‘ dress code or be ready to cough out fines.

The detailed order came vide a colourful circular issued on October 1 by the Digitisation Department, at the Central Office in Mumbai, signed by General Manager, A. R. Raghavendra.

Following an uproar on social media, the UBI management has reportedly yanked off the circular, it emerged late on Sunday night.

In the multi-coloured order, Raghavendra had asked all staff and on-site vendor partners to follow a daily colour dress code for the festival – from October 7, yellow, green, grey, orange, white, red, royal blue, pink, and purple for the last day – October 15.

To ensure compliance, he warned of a Rs 200 fine each for not adhering to the colour code plus a daily group photos of all staffers!

On October 14, there will be a ‘Chaat Party’ and staffers have been advised not to carry their lunch boxes, besides indoor games for staff and executives, post-lunch from 3 p.m. onwards.

“We request you all to make yourself available and not to keep any meeting,” Raghavendra said, signing off with a ‘request’ to all to follow the day-wise colour code scheme and make the celebration a grand success.

The All India Union Bank Employees Federation (AIUBEF) has not taken kindly to the diktat and shot off a letter to the UBI Managing Director and CEO Rajkiran Rai G., demanding stringent action against the GM.

Eminent litterateur and Madurai CPI-M MP, S. Venkatesan, has dashed off a letter to the UBI, terming Raghavendra’s circular as “highly atrocious”.

“It would damage not only image of the state-run bank and also is an infringement of human rights and secular values of this great country,” Venkatesan said, demanding withdrawal of the circular and action against the erring official.

Taking umbrage, AIUBEF General Secretary Jagannath Chakraborty has said that issuing official instructions for celebrating a religious festival in office, fixing a dress code, and imposition of penalty are not routine matters and would have required the permission from the top management.

“This has never happened in the 100 years’ history of the Bank. He should immediately withdraw the circular,” the AIUBEF leader said.

“We believe he did not obtain the permission… However, whether he was granted permission or not, we hereby lodge a strong protest against such wishful & dictatorial action of Raghavendra,” Chakraborty said.

He pointed out that a religious festival like Navratri should be observed and celebrated privately and “not officially in a PSB that maintains a high esteem towards the secular fabric of our society”.

“Celebration of any festival is a voluntary phenomenon that has no room for any instruction/coercion far to speak of imposition of penalty. The GM should know that for exercising a power, one should possess the power first,” added Chakraborty.

The AIUBEF asked the MD under what rule the GM derived the power to impose penalties for not adhering to the nine-colour dress code, even on holidays!

“We demand for fixing of accountability upon him and also for appropriate action for using Bank’s logo, platform, etc. to accomplish his personal desire by abusing official power,” said Chakraborty.

Bankers said they do not recall “such a thing ever” as dress codes, photo-sessions, parties and indoor games in the office, in the entire banking industry and said the UBI must immediately act against the officer concerned to convey the correct message to the national banks fraternity.

(Quaid Najmi can be contacted at q.najmi@ians.in)



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Banks in these cities will be closed for four days starting tomorrow, BFSI News, ET BFSI

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According to the Reserve Bank of India (RBI) holiday calendar, banks will be closed in most parts of the country from tomorrow (13 April) to 16 April due to various festivals. These holidays are declared under Negotiable Instruments Act. Banking holidays depend on festivals observed in particular states and can vary from one state to another.

On 13 April, Banks in Belapur, Bengaluru, Chennai, Hyderabad, Imphal, Jammu, Mumbai, Nagpur, Panaji, and Srinagar will remain closed on account of Gudhi Padwa/Telugu New Year’s Day/Ugadi Festival/Sajibu Nongmapanba (Cheiraoba)/1st Navratra/Baisakhi.

On 14 April, Banks in Agartala, Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Ranchi, Srinagar, Thiruvananthapuram will remain closed on account of Dr Babasaheb Ambedkar Jayanti/Tamil New Year’s Day/Vishu/Biju Festival/Cheiraoba/Bohag Bihu.

On 15 April, Banks in Agartala, Guwahati, Kolkata, Ranchi, and Shimla will remain closed on account of Himachal Day/Bengali New Year’s Day/Bohag Bihu/Sarhul.

On 16 April, Banks in Guwahati will remain closed on account of Bohag Bihu.. Apart from these banks will remain closed on 21 April and 24 April on account of Ram Navmi and Second Saturday.



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