Diwali is a major Hindu festival that signifies the victory of light over darkness and good over evil. The nation is gearing up to celebrate Diwali on October 31st. Referred to as the 'Festival of Lights,' the celebration lasts five days, beginning with Dhanteras and concluding with Bhai Dooj. Families adorn their homes with lamps, share sweets, and partake in joyful activities, embodying unity and hope Given India's rich tapestry of traditions and customs, the festival is observed on different days across various states, resulting in nationwide bank holidays.
The festivities began with Dhanteras on October 29 and will culminate with Bhai Dooj on November 3, leading to widespread bank closures.
Diwali 2024: Bank Holiday on October 31 ( Thursday)
On October 31, banks will be closed for Diwali/Deepawali, Sardar Vallabhbhai Patel's birthday, Naraka Chaturdashi, and Kali Puja in Assam, Andhra Pradesh, Delhi, Goa, Gujarat, Karnataka, Kerala, Puducherry, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and several other states.
Banks will also be closed in states such as Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur due to the observance of Deepavali, Kut, and Kannada Rajyotsava.
On November 2, banks in Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and other states will be closed for Diwali, Laxmi Puja, and Govardhan Pooja. It's important to note that this day falls on the first Saturday of the month, which typically is not a holiday.
On November 3, banks across all Indian states and union territories (UTs) will be closed for Sunday.
The Indian stock market will remain open today. However, it will be closed on Friday, November 1, 2024, for Diwali 2024. Trading in the currency and derivatives segments will be closed on that day.
Additionally, trading in the Commodity Derivatives Segment and Electronic Gold Receipts will be suspended from 9:00 AM to 5:00 PM, but will resume at 5:00 PM for the evening session.
