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Bank Holiday Alert: October 2 Closed for Gandhi Jayanti, But What About October 3?
M
Moneycontrol•02-10-2026, 09:55
Bank Holiday Alert: October 2 Closed for Gandhi Jayanti, But What About October 3?
- •Banks nationwide will be closed on October 2 for Gandhi Jayanti, a gazetted holiday, affecting branches in numerous cities including Mumbai, New Delhi, and Bengaluru.
- •Digital banking services like internet banking, mobile banking, and ATMs will remain fully operational despite branch closures.
- •October 3 is NOT a bank holiday; it is a working day, clarifying that only the second and fourth Saturdays are typically non-working days for banks.
- •A fake social media notification claiming all Saturdays would be bank holidays has been debunked by PIB Fact Check, confirming no such declaration from the Ministry of Finance.
- •October 2026 includes several regional bank holidays for festivals like Mahalaya Amavasye, Dussehra, and Durga Puja, with specific closures varying by state and city.
Key Questions Answered
Yes, October 3, 2026, is a regular working day for banks because it is the first Saturday of the month. Under RBI rules, banks are only closed on the second and fourth Saturdays, along with Sundays.
No, a viral notification claiming the government declared every Saturday a public holiday for public sector banks is fake. The PIB Fact Check confirmed that the Ministry of Finance has issued no such order.
Yes, digital banking facilities like internet banking, mobile banking, and ATMs will continue to function normally while bank branches remain closed for Gandhi Jayanti.
