Bank Holiday Today: Are SBI, HDFC, ICICI, PNB and other banks open or closed on Saturday, October 24, 2026? Check RBI calendar here

Bank Holiday Today: Planning a bank visit today? You may need to check the date first. Bank customers planning to visit SBI, HDFC Bank, ICICI Bank, Punjab National Bank and other branches for cash deposits, cheque clearances or updating passbooks on October 24, 2026, are advised to check the calendar in advance before stepping out.

However, digital banking services remain fully functional on all days irrespective of branch operations. Customers can use the internet and mobile banking services, withdraw cash from ATMs and make payments using UPI. Daily digital transactions continue without any disruption.

Are banks open or closed today, October 24, 2026?

As October 24, 2026, falls on the fourth Saturday of the month therefore all the private and public-sector banks across India will remain closed today.

Banks typically remain closed on the second and fourth Saturdays, while the first, third and fifth Saturdays are working days.

Bank holidays decided by RBI

The Reserve Bank of India decides the bank holidays in India. It publishes the RBI bank holiday calendar at the beginning of every year. Bank holidays are followed as per the RBI bank holiday calendar.

There are usually two types of bank holidays which include national holidays and government holidays. The government holidays are categorised into two: state government holidays and central government holidays.

Bank holidays vary from region to region, depending on the festivals and observances. However, all banks observe holidays on national holidays like Republic Day and Gandhi Jayanti.

Upcoming bank holiday list for October 2026

- October 26 (Laxmi Puja/Accession Day/Maharishi Valmiki’s Birthday): Branches will be closed in Agartala, Chandigarh, Jammu, Shimla, and Srinagar.

- October 29 (Karva Chauth): Banks in Shimla will remain closed.

- October 31 (Sardar Vallabhbhai Patel's Birthday): Banks in Ahmedabad will be closed.

RBI MPC Minutes: Several issues discussed

From rising household expenses and home loan EMIs to employment opportunities, real estate, automobile sales and the rupee, members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) discussed several issues affecting the Indian economy during their October 5-7 meeting.

The minutes, released on October 21, reveal how six MPC members assessed inflation, economic growth, private investment, borrowing costs and global risks. These discussions matter to ordinary Indians because monetary policy can influence loan costs, consumer prices, business investment and economic activity.

All six members supported increasing the repo rate by 25 basis points to 5.50 per cent. However, Nagesh Kumar and Ram Singh preferred retaining a neutral policy stance rather than shifting to calibrated tightening.

Meanwhile, Emkay Global Research expects another 50 basis points of rate increases by February 2027. This is the brokerage's forecast, not an RBI decision.