Guru Nanak Jayanti Bank Holiday: Key Details
India celebrates Guru Nanak Jayanti on November 5, 2023, honoring the birth anniversary of Guru Nanak Dev Ji, Sikhism’s founder. This public holiday affects bank operations in several states. Here’s what you need to know.
Are Banks Closed on November 5 for Guru Nanak Jayanti?
Yes, banks will remain shut in states where Guru Nanak Jayanti (Gurpurab) is observed. The Reserve Bank of India (RBI) lists it under the “Holiday Under Negotiable Instruments Act,” suspending banking services in notified regions.
State-Wise Bank Holiday List
The holiday applies to these states and UTs:
– Punjab, Haryana, Chandigarh, Delhi
– Himachal Pradesh, Jammu & Kashmir
– Rajasthan (select districts), Uttarakhand
Note: Banks in other states operate normally unless local holidays apply.
Online Banking and ATM Services
While branches close in affected states, digital services remain active, including:
– Net banking, mobile apps (SBI, HDFC, ICICI, etc.)
– UPI (Paytm, Google Pay, PhonePe), ATM withdrawals
– Bill payments, fund transfers
Plan cash withdrawals ahead to avoid inconvenience.
Impact on EMIs, Cheques, and Investments
- Loan EMIs/Cheques: Processing delays possible if deadlines fall on the holiday.
- Fixed Deposits (FDs): Auto-renewals continue; manual requests resume post-holiday.
- Stock Markets: BSE/NSE operate normally (Guru Nanak Jayanti isn’t a trading holiday).
How to Verify Bank Holidays in November 2023?
Confirm closures via:
1. RBI’s holiday list
2. Your bank’s website/app
3. Customer care (toll-free numbers)
Final Update
Residents of Punjab, Haryana, Delhi, and other observing states should expect bank closures on November 5. Digital banking stays unaffected.
NextMinuteNews wishes you a blessed Guru Nanak Jayanti! 🙏
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