Mumbai: Due to Ananat Chaturdashi on September 5, the Maharashtra Government shifted the public holiday of Eid-e-Milad in Mumbai city and suburban districts
to September 8. The decision was widely welcomed, and now the residents will observe the holiday on Monday. In view of this, the Reserve Bank of India (RBI) also moved the bank holiday to Monday. According to this, all private and public banks will remain closed. Anticipating a huge crowd in view of Anant Chaturdashi (a Hindu festival when Ganesh idols are taken out in processions and immersed in water) on September 6, the state government decided to push the holiday for Eid. The change was made to ensure peace during the festivities. The circular was issued by the General Administration Department (GAD), stating that while the holiday on September 5 will remain unchanged for other districts in the state, it has been shifted to September 8 in Mumbai city and suburbs. Also Read: Bridge to Nowhere: Mumbai's Aarey Metro FOB Stands Ready, Yet Off-Limits - Here's Why
What Can You Do When Banks Are Closed?
Even when banks are closed on holidays, you can still do many things using online or mobile banking — unless the bank has told you there’s a technical issue.
If you need cash, ATMs stay open as usual. You can also use your bank’s app or UPI to send or receive money, pay bills, or make purchases.
The RBI publishes a holiday calendar annually, as mandated by the Negotiable Instruments Act. This law covers things like cheques and promissory notes, so you can’t process those types of payments on bank holidays.
While bank branches might be closed, digital banking lets you carry on with most transactions without trouble.
