As Maharashtra prepares for the State Assembly elections on November 20, 2024, the state government has declared a public holiday. This move is aimed at facilitating the smooth conduct of elections, with all offices and government institutions across the state observing the holiday.
However, the question arises for many – Will banks remain open on November 20? Here’s what you need to know.
Bank Operations During Maharashtra Assembly Elections
On November 20, 2024, all bank branches in Maharashtra will remain closed in line with the public holiday declared by the state government for the assembly elections. This closure is also in accordance with the Reserve Bank of India (RBI) guidelines, which mandate holidays for banking operations during major elections in the state.
Digital Banking Services Remain Accessible
Though physical bank branches will close, digital platforms allow customers to access a wide range of banking services. Services such as online banking, mobile apps, and ATM transactions will remain operational. Customers can continue with their financial activities, such as transferring money, checking balances, or making payments.
Banks will notify customers in advance about scheduled maintenance periods, which are the only exceptions to this. As long as there are no maintenance alerts, digital banking channels will operate as usual, providing uninterrupted access to services.
What the RBI Says
The Reserve Bank of India (RBI) confirmed that banks in Maharashtra will close on November 20 for assembly elections.
Although physical banking operations are affected, digital banking allows customers to access services and manage finances without interruption.
For any specific information on service disruptions or maintenance schedules, it’s advisable to check with your respective bank.
Conclusion
With the state elections taking place on November 20, 2024, banks will close, but digital banking services will remain fully functional, allowing customers to access banking services without interruption.
