Saturday bank holiday: Are banks open or closed for Onam, Saturday, September 14?

Onam holiday 2024:In Kerala, people predominantly observe Onam, an annual festival that celebrates the harvest and culture. This event holds great importance for Keralites as it is the official festival of the state, featuring a wide array of cult...

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Saturday bank holiday: Are banks open or closed for Onam, Saturday, September 14?
All banks, including cooperative, rural, regional, private, and public-sector banks in India, do not work on all Saturdays. As per the Reserve Bank of India (RBI) guidelines, banks are closed on the second and fourth Saturdays of the month.

Banks are also closed on all Sundays, as well as national and regional holidays.

Onam 2024: Is it a bank holiday this Saturday on September 14



Banks are closed on September 14, the second Saturday of the month. However, if it was not a second Saturday, banks would be closed in states of Kerala and Jharkhand for Onam and Karma Puja, respectively.

The RBI designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts.

The Government of India has declared only three national holidays in 2024: Republic Day (26 January), Independence Day (15 August), and Gandhi Jayanti (2 October).

The people of Kerala mostly celebrate Onam, an annual harvest and cultural festival. It is a significant event for Keralites, serving as the official festival of the state and featuring a variety of cultural activities. Onam's date is determined by the Panchangam and coincides with the 22nd nakshatra Thiruvonam in the month of Chingam in the Malayalam calendar. This corresponds to the period between August and September in the Gregorian calendar.

Onam bonus: Kerala government announces special bonus, advance for these employees; check who is eligible

September 2024 bank holidays

Banks will be closed for 15 days depending on the state in September. Banks will be closed on the occasion of Tirubhav Tithi of Srimanta Sankardeva, Ganesh Chaturthi, First Onam, Milad-un-Nabi or Id-e Milad, Indrajatra/Id-e-Milad, Pang-Lhabsol, Friday following Eid-i-Milad-ul-Nabi, Sree Narayana Guru Samadhi Day, Birthday of Maharaja Hari Singh Ji.

Bank holiday in September 2024: Banks are closed for 15 days in September; check complete state-wise holiday list

Sep-24 4 7 9 14 16 17 18 20 21 23 25
Agartala
Ahmedabad
Aizawl
Belapur
Bengaluru
Bhopal
Bhubaneswar
Chandigarh
Chennai
Dehradun
Gangtok
Guwahati
Hyderabad - Andhra Pradesh
Hyderabad - Telangana
Imphal
Itanagar
Jaipur
Jammu
Kanpur
Kochi
Kohima
Kolkata
Lucknow
Mumbai
Nagpur
New Delhi
Panaji
Patna
Raipur
Ranchi
Shillong
Shimla
Srinagar
Thiruvananthapuram

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Holiday Description Day
Tirubhav Tithi of Srimanta Sankardeva 4
Ganesh Chaturthi/Samvatsari (Chaturthi Paksha)/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi 7
Nuakhai 9
Karma Puja/First Onam 14
Milad-un-Nabi or Id-e Milad (Birthday of Prophet Mohammad) (bara vafat) 16
Indrajatra/Id-e-Milad (Milad-Un-Nabi) 17
Pang-Lhabsol 18
Friday following Eid-i-Milad-ul-Nabi 20
Sree Narayana Guru Samadhi Day 21
Birthday of Maharaja Hari Singh Ji 23
General Elections to the State Legislative Assembly 2024 25

Source: RBI website

Digital Banking

Bank operations cannot be conducted on these specified holidays, and no physical banking services are available. However, bank customers can use Internet banking, SMS banking, and WhatsApp banking services for financial and non-financial transactions.
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SBI festive offer: State Bank of India is offering concessions, processing fee waiver for Onam on these loans
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State Bank of India is offering a waiver in the processing fee on car loans, gold loans, personal loans, and loans against mutual funds and a concessional interest rate on these loans.


State Bank of India is offering a waiver in the processing fee on car loans, gold loans, personal loans, and loans against mutual funds and a concessional interest rate on these loans.

· NIL for SBI car loan (for new vehicle), SBI loyalty car loan scheme (for home loan borrowers), SBI green car (electric vehicle)assured car loan, certified pre-owned car loans.

· SBI two-wheeler loan scheme: 2.00 % of loan amount + gst

· High value super bike loan: 2.00 % of loan amount + gst

· NIL for SBI car loan (for new vehicle), SBI loyalty car loan scheme (for home loan borrowers), SBI green car (electric vehicle)assured car loan, certified pre-owned car loans.· SBI ..
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· Clean Overdraft-NIL

· SBI Pension Loan- 1% of the loan amount with a minimum of Rs 1000 +GST and Maximum of Rs 10000 +GST

· Jai Jawan Pension Loan- NIL

· Xpress Credit- 1.50% of the loan amount with a minimum of Rs 1000 +GST and Maximum of Rs 15000 +GST.

· Clean Overdraft-NIL· SBI Pension Loan- 1% of the loan amount with a minimum of Rs 1000 +GST and Maximum of Rs 10000 +GST· Jai Jawan Pension Loan- NIL· Xpress Credit-..
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· Loans against NSCs/KVPs /Surrender Value of SBI Life /LIC-NIL

· Advance against RBI Relief Bonds- 1.01% of the Loan Amount

· Equity Plus Scheme- Rs 2040 per application

· Loan against Shares & Debentures- NIL

· Loan to employees to subscribe for ESOPs- Rs 2040 per application

· Loan for subscription to IPOs- 1st Loan: Rs 511 ;

· 2nd & 3rd Loan : Rs 101;

· After 3 Loans: NIL

· Loan against units of SBI Debt Fund Series- After 3 Loans: Nil

· Loan against units of Mutual Fund (Equity)- 1.01% of the Loan amount.

· Loans against NSCs/KVPs /Surrender Value of SBI Life /LIC-NIL· Advance against RBI Relief Bonds- 1.01% of the Loan Amount· Equity Plus Scheme- Rs 2040 per application· ..
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(i) Banks charge 0.51% of the loan amount (minimum: Rs 256; maximum: Rs 1022) for BIS-hallmarked jewelry, ornaments, and specially struck gold coins.Banks charge 0.51% of the loan amount (minimum: Rs 256; maximum: Rs 1022) for BIS-hallmarked jewelry, ornaments, and specially struck gold coins.



(ii) For Non Hallmarked Jewellery/ Ornaments (a)Up to Rs 25000: Rs 256 per application

(b)Above Rs 25000: 1.01% of the Loan amount or Rs 1022 whichever is higher.


(i) Banks charge 0.51% of the loan amount (minimum: Rs 256; maximum: Rs 1022) for BIS-hallmarked jewelry, ornaments, and specially struck gold coins.Banks charge 0.51% of the loan amount (minimum: Rs..
Read More

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