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Banks Holiday November 2024: Banks will remain closed in this state tomorrow, know why
Siddhi Jain | November 19, 2024 10:15 PM CST

The Maharashtra government has announced a public holiday across the state on November 20, 2024. All government and private offices, institutions will remain closed on this day. Banks will also not work on this day. As a result, there will be no financial transactions in banks. This decision has been taken at a time when voting for the Maharashtra Assembly elections is to be held on November 20 and both government and private offices will remain closed to conduct the polling smoothly.

The Reserve Bank of India (RBI) has announced that banks will remain closed in Maharashtra on November 20. Customers who have to carry out regular banking activities such as cash withdrawal, deposit or clear cheques are advised to do so on or after this date.

However, mobile banking and internet banking services will continue to function as usual, allowing customers to carry out financial transactions through these digital platforms at any time and from any location despite the bank holiday.

According to a report by ET, Mumbai district election officer Bhushan Gagrani has said that all companies must give their employees time off to vote. Companies failing to comply with this directive will face strict penalties.

The measure is aimed at ensuring that no individual is denied the right to vote during elections. Meanwhile, in November, banks will observe a total of 13 holidays, including November 20 as well as other important days such as Diwali, Guru Nanak Jayanti and Chhath Puja, which have already passed.

During these holidays, banking services will not be available; however, digital transactions will continue, allowing customers to continue their financial activities online.


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