New Delhi: Maharashtra Assembly elections are going to be held on November 20. It is going to be a fiercely fought contest as the likes of Congress, BJP, NCP and Shiv Sena are vying to gain control of the throne of Maharashtra. Since there are going to be state elections on November 20, there are questions doing the rounds as to whether there will be a holiday in the banks in Maharashtra on that day.
Will banks remain closed in Maharashtra on November 20?
It is the common people who most frequently visit the banks and hence, they should be appraised of the holidays in the banks. The Maharashtra government has declared November 20 as a state public holiday on the occasion of the state elections to be held on that day. Also, the Reserve Bank of India (RBI) has prepared a holiday list to which every bank in India has to adhere and as per the RBI guidelines, banks will remain closed on November 20 in Maharashtra.
While bank branches will remain closed on November 20, customers will have access to digital banking services on the day unless the bank notifies otherwise. On that day, even though banks will remain closed, all bank websites, banking apps, and ATM services will remain open. Online assistance for some branches may also remain active.
Is the stock market closed on November 20?
There is confusion as to whether the stock market will remain open on November 20. Those who follow the stock market can take a look at the list of stock market holidays in 2024 and one can find the holiday list on the BSE website. Notably, the stock market will remain closed on November 20 on the occasion of Maharashtra State Assembly Elections.
People can visit the BSE website and click on the ‘Trading Holidays’ option to get the stock market holiday list in 2024. After November 20, the stock market will remain closed on December 25 for Christmas. Normally, the market remains closed on Saturdays and Sundays.
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