Bank holiday: As September draws to a close, it’s crucial to highlight that certain banks will be closed on September 27 and 28, depending on the specific states, in view of the Eid-E-Milad festival. For the unversed, the Reserve Bank of India classifies bank holidays into three distinct categories:
Holiday under the Negotiable Instruments Act: This category includes holidays mandated by the Negotiable Instruments Act, which governs various financial instruments, including promissory notes and checks.
Holidays under the Negotiable Instruments Act and Real Time Gross Settlement (RTGS) Holidays: In addition to the holidays mandated by the Negotiable Instruments Act, this category encompasses specific holidays when the Real Time Gross Settlement system, a crucial financial transaction settlement system, is also unavailable.
Banks’ Closing of Accounts: This refers to days when banks close their accounts for various operational or administrative purposes.
Therefore, on September 27 and 28, please be aware that some banks may be closed due to the Eid-E-Milad festival, as per the relevant state regulations, falling under the “Holiday under the Negotiable Instruments Act” category.
States Where Banks Will Remain Shut on Sept 27, 28 and 29
September 27: Banks will remain closed in Jammu and Kerala on the account of Eid-E-Milad or Milad-i-Sherif (Birthday of Prophet Muhammed).
September 28: Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh and Jharkhand in the wake of Eid-E-Milad/Bara Vafat
September 29: Banks will remain shut in Sikkim, and Jammu and Srinagar
Throughout the month of September, several bank holidays were observed in India to mark various significant occasions. These holidays included:
Sri Krishna Janmashtami
Janmashtami (Shravan Vad-8)/Sri Krishna Ashtami
Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi
Ganesh Chaturthi/Samvatsari (Chaturthi Paksha)
Ganesh Chaturthi (2nd day)/Nuakhai
Sree Narayana Guru Samadhi Day
Birthday of Maharaja Hari Singh Ji
Janmotsav of Srimanta Sankardeva
Mawlid an-Nabi or Eid-e-Milad
The celebration of Eid Milad un-Nabi originated in Egypt, and eventually spread to other parts of the world. It is celebrated in a variety of ways around the world. Some Muslims attend special prayer services at mosques, while others hold gatherings in their homes or communities. There are also often parades and festivals held in the streets.
They also distribute food and sweets to the poor and needy and visit the graves of loved ones. Some Muslims also hold special gatherings and processions to celebrate the Prophet’s birth.