Bank Holiday on 18 September: Last week, the Maharashtra government had rescheduled the Eid-e-Milad holiday in Mumbai from September 16, 2024 to September 18, 2024 due to overlap with Ganesh Visarjan.
Eid-e-Milad holiday Tomorrow changed: Will Mumbai remain closed on Wednesday, September 18, 2024? Last week, the Maharashtra government had rescheduled the Eid-e-Milad holiday in Mumbai from September 16, 2024 to September 18, 2024 due to overlap with Ganesh Visarjan. Following this decision, the Reserve Bank of India (RBI) said, ‘The previously announced public holiday on September 16, 2024 has been cancelled.’
In a press release dated September 14, 2024, the central bank had said that the government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 16, 2024 (Monday).
RBI said in a press release, ‘The Government of Maharashtra has declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881.’
Will banks remain closed in Mumbai on Wednesday, September 18, 2024?
The bank said that HDFC Bank branches in Maharashtra will remain closed on Wednesday, September 18, 2024. Similarly, other public and private sector banks in Mumbai and Mumbai suburban region will remain closed on September 18, 2024.
According to RBI, banks will also remain closed in Sikkim for Pang-Lahabsol on Wednesday, September 18, 2024. RBI also said that there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18.