Banks across India will observe one common closure during November 2–8, 2026, on Sunday, November 8, when Diwali (Deepavali) falls. State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB) and other lenders will keep their branches closed on this day. However, November 2 to 7 will generally remain regular banking days, with Saturday, November 7, being the first Saturday of the month and therefore a working day.
Customers planning branch visits, cheque deposits, cash withdrawals or important banking transactions should take note of these dates. While physical branches will be unavailable on Sunday, digital banking services such as UPI, mobile banking and internet banking are expected to remain operational.
Bank Holiday Next Week: Complete List of Dates (November 2–8, 2026)
The Reserve Bank of India (RBI) regulates banking holidays in India under the Negotiable Instruments Act. Bank holidays are determined by national observances, regional festivals and the standard weekly closure schedule.
Here is the day-wise bank holiday schedule for the upcoming week.
| Date | Day | Bank Status |
|---|---|---|
| November 2 | Monday | Open |
| November 3 | Tuesday | Open |
| November 4 | Wednesday | Open |
| November 5 | Thursday | Open |
| November 6 | Friday | Open |
| November 7 | Saturday | Open (First Saturday) |
| November 8 | Sunday | Closed (Diwali) |
Key takeaway: November 8 is the only scheduled bank closure during this period. November 7 is not a bank holiday because only the second and fourth Saturdays are compulsory bank holidays.
Are SBI, HDFC, ICICI and PNB Banks Closed Next Week?
Most major public and private sector banks will follow the same holiday schedule during November 2–8.
1. State Bank of India (SBI)
SBI branches across India will remain open from Monday, November 2, through Saturday, November 7. All circles will observe the Sunday closure on November 8, which coincides with Diwali.
Customers can continue using SBI’s YONO application, internet banking and ATM services during the branch holiday.
2. HDFC Bank
HDFC Bank branches will generally operate as usual from November 2 to November 7. Branches will remain closed on November 8 because of the Sunday holiday and Diwali.
Customers can use mobile banking, net banking and UPI for routine transactions.
3. ICICI Bank
ICICI Bank will also follow the regular working schedule during the first six days of the week. Physical branches will remain closed on Sunday, November 8.
Customers can access digital banking facilities for fund transfers, bill payments and account-related services.
4. Punjab National Bank (PNB) and Other Banks
PNB, Bank of Baroda, Canara Bank, Union Bank of India and other scheduled commercial banks will generally follow the same schedule.
However, customers should check their respective branch timings and local notifications before visiting, particularly when planning important transactions.
Why Are Banks Closed on November 8?
November 8, 2026, marks Diwali (Deepavali), one of India’s major festivals. It also falls on a Sunday, which is already a regular weekly bank holiday.
According to the 2026 holiday calendar, Diwali falls on Sunday, November 8. Since the festival coincides with the weekly closure, there is no additional weekday closure within November 2–8.
It is important to understand that bank holidays can differ across states. The RBI publishes regional holiday schedules, meaning a festival holiday in Maharashtra may not necessarily apply to banks in Tamil Nadu, Kerala or other states.
For example, Maharashtra has another scheduled bank holiday on November 10 for Diwali Padwa (Bali Pratipada), which falls outside the November 2–8 period.
What Banking Services Will Be Available During the Holiday?
Although bank branches will remain closed on Sunday, customers do not need to postpone every banking activity.
Most digital banking services will continue to operate.
Here are some services customers can generally access:
- UPI payments: Customers can make payments through UPI applications such as Google Pay, PhonePe and BHIM.
- Mobile banking: Banking applications can be used to check balances, transfer funds and access account information.
- Internet banking: Customers can make online transfers, pay bills and manage their accounts.
- ATMs: Cash withdrawals and other available ATM services will generally continue.
- IMPS: Immediate Payment Service can be used for eligible instant fund transfers.
- NEFT and RTGS: Online transfer facilities are generally available round the clock, subject to applicable banking conditions.
However, certain branch-dependent services, including demand draft issuance, physical document verification and some cheque-related activities, may be delayed until the next working day.
Impact on Customers, Businesses and Investors
The upcoming bank holiday is unlikely to significantly disrupt routine financial activities because it falls on a Sunday. Nevertheless, customers who depend on physical banking services should plan ahead.
Businesses handling salary payments, vendor settlements and cash deposits should complete branch-dependent work before November 8.
Investors should also consider banking timelines when transferring funds for investments, mutual fund transactions or other financial commitments. Digital payment facilities may remain available, but transaction processing and settlement timelines can depend on the relevant financial institution and payment system.
Customers should avoid waiting until the last minute to complete important transactions, especially those involving physical documents or branch approvals.
Opportunities and Risks: What Should Customers Keep in Mind?
The availability of digital banking services makes holiday-related disruptions easier to manage. Customers can complete many everyday transactions without visiting a physical branch.
However, digital transactions are not a complete replacement for branch services. Technical issues, transaction limits, payment failures and delayed processing can sometimes affect banking activities.
A few practical precautions can help:
- Complete important cash deposits and withdrawals before the holiday.
- Check transaction limits on UPI and mobile banking applications.
- Maintain sufficient account balances for scheduled payments.
- Allow additional time for cheque clearing and branch-dependent requests.
- Verify local branch holiday notifications before travelling.
Conclusion
The bank holiday schedule for November 2–8, 2026, is relatively straightforward. SBI, HDFC Bank, ICICI Bank, PNB and other lenders will generally operate normally from Monday to Saturday, with branches closed on Sunday, November 8, for Diwali.
November 7 is the first Saturday of the month and remains a regular working day. Customers should plan branch-dependent transactions accordingly and use digital banking facilities for routine financial activities during the holiday.
Frequently Asked Questions
1. Are banks closed next week from November 2 to 8, 2026?
Banks will remain closed on Sunday, November 8, 2026, for the regular weekly holiday and Diwali. Branches will generally remain operational from November 2 to November 7, including Saturday, November 7, which is the first Saturday of the month.
2. Is SBI closed on November 8, 2026?
Yes. State Bank of India branches across all circles will remain closed on November 8, 2026. The date falls on Sunday and coincides with Diwali. Customers can continue accessing eligible digital banking services through SBI YONO, internet banking and ATMs.
3. Is HDFC Bank closed on November 7, 2026?
No. November 7 is the first Saturday of November 2026. Under RBI banking rules, scheduled banks generally remain open on the first and third Saturdays. HDFC Bank branches will therefore generally operate normally on this date.
4. Is ICICI Bank closed on November 8 for Diwali?
Yes. ICICI Bank branches will remain closed on Sunday, November 8, 2026. The closure is due to the regular Sunday holiday, which coincides with Diwali. Customers can use available digital banking facilities for routine transactions.
5. Is November 7 the second Saturday of November 2026?
No. November 7, 2026, is the first Saturday of the month. The second Saturday falls on November 14, while the fourth Saturday falls on November 28. Banks will generally remain open on November 7.
6. Will UPI work on November 8, 2026?
Yes. UPI services are generally available even when physical bank branches are closed. Customers can use applications such as Google Pay, PhonePe and BHIM to make payments and transfer money, subject to bank and payment system availability.
7. Will ATMs remain open during the Diwali bank holiday?
Yes. ATMs are generally available on bank holidays, including Sundays and festivals. Customers can withdraw cash and use other available ATM facilities. However, cash availability may vary depending on individual ATM locations and replenishment schedules.
8. Are banks closed across India on Diwali 2026?
November 8, 2026, is Diwali and falls on a Sunday, so bank branches across India will remain closed. Regional festival holidays on other dates can vary between states according to the RBI’s holiday calendar.
9. Will cheque clearing happen on November 8, 2026?
Regular cheque processing and clearing may not take place on Sunday because it is a bank holiday. Customers depositing cheques around this date should account for applicable clearing schedules and allow sufficient time for the amount to be credited.
10. When is the next bank holiday after November 8, 2026?
The next scheduled regional bank holidays begin on November 9, 2026, in selected states for Diwali-related observances. Maharashtra will observe another bank holiday on November 10 for Diwali Padwa (Bali Pratipada). The exact dates depend on the state and RBI holiday notifications.
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Parvati Rai is the Vice President of the Research team at Equentis. She has over 15 years of equity-research and strategy-consulting experience. A specialist in deep-dive valuations, financial modelling, and forecasting, she has built research desks from the ground up, by steering buy-side, sell-side, and independent coverage across sectors. When she isn’t fine-tuning models, Parvati unwinds on nature treks and mentors aspiring analysts.
