Diwali is a major Hindu festival that symbolizes the victory of light over darkness and good over evil. The nation is gearing up to celebrate Diwali on October 31. Known as the 'Festival of Lights', the celebration lasts for five days, starting with Dhanteras and ending with Bhai Doj. Families decorate their homes with lamps, share sweets, and participate in joyous activities, embodying unity and hope. Given India's rich tapestry of traditions and customs, the festival varies across states. Days are celebrated, resulting in bank holidays across the country.
The festivities started with Dhanteras on October 29 and will conclude with Bhai Doj on November 3, resulting in massive bank closures.
According to the Hindu calendar, Diwali or Deepavali will be celebrated on October 31.
Diwali 2024: Bank Holiday on 1st November (Friday).
Banks in states like Tripura, Karnataka, Uttarakhand, Jammu and Kashmir, Maharashtra, Meghalaya, Sikkim and Manipur will also remain closed due to Deepavali, Kut and Kannada Rajyotsava.
Bank holiday on 1st November
On November 2, banks in Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and other states will remain closed for Diwali, Lakshmi Puja and Govardhan Puja. It is important to note that this day falls on the first Saturday of the month, which is not usually a holiday.
Bank holiday on 2nd November
On November 3, banks in all Indian states and Union Territories (UTs) will remain closed on Sunday.
Indian stock market will remain open today. However, it will be closed on Friday 1 November 2024 for Diwali 2024. Trading in Currency and Derivatives segments will remain closed on this day.
Additionally, trading in the Commodity Derivatives segment and Electronic Gold Receipts will remain suspended from 9:00 am to 5:00 pm, but will resume at 5:00 pm for the evening session.