Bank Holidays in November 2022: Banks to remain closed for 10 days this month

Banks will remain closed to the public for 10 days in November. Out of this, four will be holidays and the remaining six will be Saturdays and Sundays. They were closed for 21 days in October. 
 
List of Bank Holidays in November

The four holidays will be on November 1, November 8, November 11 and November 23.

November 1: Karnataka Rajyotsava/Kut - This marks Karnataka Formation Day and is celebrated every year on November 01. Banks in Bengaluru and Imphal will remain closed on this. Banks in all other circles will remain open on November 1.

November 8: Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima - Banks will remain closed in Aizwal, Belapur, Bhopal, Bhubhaneshwar, Chandigarh, Dehradun, and Hyderabad. Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar. Banks in other circles will remain open.

November 11: Kanakadasa Jayanthi/Wangala Festival - Banks will remain closed in Bengaluru and Shillong.

November 13: Seng Kutsnem - Banks in all circles will remain open except Shillong.

According to the Reserve Bank of India, all these holidays will be 'under Negotiable Instruments Act'. For the uninitiated, the Reserve Bank of India (RBI) divides holidays into three categories - Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts.

Apart from these, banks will also remain closed on Sundays and second and fourth Saturdays - November 6, November 12, November 13, November 20, November 26 and November 27.