Diwali, one of India’s most widely celebrated festivals, also brings several bank holidays across the country. For individuals and businesses, understanding these dates is crucial to plan financial transactions, loan disbursals, and other banking operations efficiently.
Official Bank Holidays During Diwali 2025
In 2025, most banks in India will observe Diwali holidays between October 22 and October 25, depending on the state and regional holidays declared by the Reserve Bank of India (RBI).
Key days include:
Diwali (Lakshmi Puja) Holiday – Bank branches remain closed for regular operations.
Govardhan Puja and Bhai Dooj – Certain states may declare regional holidays.
It is advisable to check with your local branch or bank’s official website for exact dates.
Impact on Financial Transactions
NEFT/RTGS/IMPS Transfers:
NEFT and RTGS transactions may be delayed during holidays as the clearing system is inactive.
IMPS transactions via mobile apps usually continue, but settlement may be affected.
Cheque Clearing:
Cheque processing will be paused during bank holidays. Ensure post-dated cheques and large payments are planned in advance.
Loan Processing:
Loan approvals, disbursals, and documentation verification may face delays.
EMIs scheduled on holiday dates may get processed on the next working day, so borrowers should plan accordingly.
Tips to Navigate Banking During Diwali
Plan Ahead: Complete urgent transactions before the holiday period.
Use Digital Channels: Mobile banking, UPI, and online wallets remain operational.
Confirm EMI Dates: Ensure auto-debit EMIs are scheduled considering bank holidays.
Contact Customer Care: Reach out to your bank for clarifications on regional holiday impact.
FAQs:
Q1. When are the official bank holidays for Diwali 2025?
A1. Most banks will be closed between October 22–25, including Lakshmi Puja, Govardhan Puja, and Bhai Dooj, depending on the state.
Q2. Will digital transactions work during Diwali holidays?
A2. UPI and IMPS usually continue, but NEFT and RTGS transfers may be delayed until the next working day.
Q3. How are loan approvals affected during Diwali holidays?
A3. Loan documentation, verification, and disbursals may be paused, causing slight delays in processing.
Q4. What happens to EMIs due during Diwali bank holidays?
A4. EMIs scheduled on a bank holiday are usually debited on the next working day, with no penalty in most cases.
Q5. How can I avoid banking issues during Diwali?
A5. Plan transactions ahead, use online banking channels, and check with your bank for any regional holiday variations.
Published on : 21st October
Published by : SMITA
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