Banks are closed on Wednesday, November 11, in five states, according to reporting by Livemint. Branches there won't open for regular counter work.
If you live in one of those states, plan ahead. UPI, net banking and ATMs usually work on bank holidays, so most daily needs can still be met online.
Key takeaways
- Branches are shut in five states on Wednesday, November 11, as reported by Livemint.
- Bank holidays are state-wise, so banks in other states usually work as normal.
- UPI, net banking and mobile apps normally keep running.
- Don't leave EMI or card payments to the last minute.
- Check your own state's holiday before you visit a branch.
How bank holidays work in India
Bank holidays aren't the same in every state. The Reserve Bank of India (RBI) publishes a yearly list. Some days are holidays across the country. Many others are set for particular states only.
That's why branches can shut in five states while the rest of India banks as usual. The reasons also differ from state to state.
We only have the headline from Livemint. So we can't list the states or the reasons here. Check the full list on your bank's website or app before you go.
On a holiday, counter services usually pause. That means cash deposits at the branch, cheque work and demand drafts. Online systems keep running. ATMs also work, though some machines can run low on cash.
What a holiday changes for your money
The main risk is a payment that falls due on the holiday. Say your EMI is due on November 11. Many lenders take the money on the next working day. Some don't, and a late fee can apply.
The cost of a one-day delay is easy to work out. Divide the yearly interest by 365. Here's how it looks at 12% a year.
| Loan amount | Yearly rate | Interest for one extra day |
|---|---|---|
| ₹1,00,000 | 12% | about ₹33 |
| ₹5,00,000 | 12% | about ₹164 |
| ₹10,00,000 | 12% | about ₹329 |
| ₹20,00,000 | 12% | about ₹658 |
Your lender's late fee can be higher than this interest. Read your loan terms to see what applies. You can also test your own numbers with an EMI calculator.
Who is affected
Most people won't notice this holiday if they bank online. Some groups will feel it more.
- People in the five states who planned a branch visit
- Small traders who deposit cash at the counter
- Anyone waiting on a cheque or a demand draft
- Borrowers whose EMI or card bill is due on November 11
- People who need paperwork stamped, such as loan documents
If you're in another state, your branch should work as normal. Still, a payment to someone in a holiday state may reach them later.
What to do now
A little planning keeps you safe from late fees. Follow these steps.
- Check whether your state is on the holiday list.
- Pay any EMI or bill due this week through your app or net banking.
- Keep enough balance in your account for auto-debits.
- Withdraw any cash you need from an ATM a day early.
- Move branch work, like KYC or loan paperwork, to the next working day.
If you're thinking about a new loan, a holiday is a good time to read up. Our personal loan guides explain costs in plain words. You can also follow more updates in our news hub.
Frequently asked questions
Will UPI and net banking work on a bank holiday?
Usually, yes. Online payments run on holidays. Rare maintenance breaks can still happen, so don't wait until the last minute for big payments.
What happens if my EMI is due on a bank holiday?
Many lenders collect it on the next working day. Rules differ, so check your loan terms. Paying a day early is the safest choice.
Are banks closed all over India on November 11?
No. According to Livemint, branches are closed in five states. Bank holidays are mostly state-wise, so other states should work normally.
BankCreds analysis
This holiday is a small bump, not a big event. It matters most if a payment date lands on it.
Think of a borrower with a ₹10 lakh loan at 12% a year. One extra day of interest is about ₹329. That's small, but a late fee and a dip in your credit record can cost more. The record matters most if you plan to borrow again soon.
What not to read into this
A holiday doesn't mean your money is stuck. It doesn't change your interest rate or your EMI. The real lesson is simple. Pay one or two days early when a holiday is near, and keep a small cash buffer. Shopkeepers who deposit cash daily feel this holiday most, so they should deposit the day before.
This section is BankCreds' own assessment of what the development means for Indian borrowers and savers. It is independent commentary, not part of the source reporting above.
Sources & references
- Livemint — originating report https://www.livemint.com/money/personal-finance/bank-holiday-today-november-11-wednesday-branches-closed-in-these-5-states-full-list-and-reasons-behind-no-banking-11794357208229.html
- RBI notifications and circulars — RBI publishes the official list of bank holidays, which differ by state https://www.rbi.org.in/Scripts/NotificationUser.aspx
Source links are shown as plain text, not clickable links. Copy a URL into your browser to read the original report.
Editorial note & disclaimer
How this was reported. The development above is attributed to the source or sources listed. BankCreds does not independently verify a third party's reporting; where a figure or a regulatory position is stated as fact, it is either attributed or drawn from the regulator's own published material. Everything under "BankCreds analysis" is our own assessment.
Rates and figures. Interest rates, per-gram values and premium bands quoted here are indicative, move daily, and differ by borrower profile, city and lender policy. Confirm the final number with the institution before you act on it — the sanction letter or policy schedule governs, not a news report.
Not financial advice. This article is general information for an Indian audience. It is not investment, tax, credit or insurance advice, takes no account of your circumstances, and BankCreds is not a lender, broker, distributor or advisor. Consider speaking to a SEBI-registered investment adviser or a qualified professional before acting.
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