Bank Holiday: Banks will be closed tomorrow, October 31st. Find out why the RBI has declared a Friday holiday

“Bank Holiday Alert: Banks to Remain Closed in Gujarat on October 31 for Sardar Vallabhbhai Patel Jayanti”

As October draws to a close, the Reserve Bank of India (RBI) has announced that banks in Gujarat will remain closed on October 31, 2025 (Friday), to mark the birth anniversary of Sardar Vallabhbhai Patel. However, all other states and union territories will continue regular banking operations on the same day.

This regional bank holiday has been declared under the Negotiable Instruments Act, and customers are advised to plan their financial transactions accordingly.

Why Are Banks Closed on October 31?

Every year on October 31, India celebrates Sardar Vallabhbhai Patel Jayanti, also known as National Unity Day (Rashtriya Ekta Diwas). The day honors the Iron Man of India, who played a pivotal role in uniting over 562 princely states after India’s independence, shaping the nation into one cohesive union.

To commemorate his immense contribution, banks in Gujarat — his home state — observe a public holiday. Meanwhile, all other states will keep their banking services operational as usual.

Limited Impact: Online Banking and ATMs to Function Normally

While physical branches will remain shut in Gujarat, online banking, UPI, ATMs, and mobile banking services will continue to function as normal. Customers can perform transactions such as fund transfers, bill payments, and account updates through digital modes without interruption.

However, any cheque clearances, demand drafts, or in-person transactions scheduled for October 31 in Gujarat will be processed on the next working day, i.e., Saturday, November 1, 2025.

Complete Bank Holiday List for October 2025

According to the RBI’s official holiday calendar, several bank holidays were observed across different states throughout October 2025. Below are some of the key dates:

• October 1–4: Navratri, Maha Navami, Dussehra, and Durga Puja

• October 7: Maharishi Valmiki Jayanti and Kumar Purnima

• October 10: Karwa Chauth

• October 20–23: Diwali, Govardhan Puja, and Bhai Dooj

• October 27–28: Chhath Puja

• October 31: Sardar Vallabhbhai Patel Jayanti (Gujarat only)

Each state observes holidays based on regional festivals and events, as per RBI’s Negotiable Instruments Act 1881, which governs official bank holidays across India.

Who Was Sardar Vallabhbhai Patel?

Born on October 31, 1875, in Gujarat, Sardar Vallabhbhai Patel was one of the most respected leaders of India’s freedom movement and later became the first Deputy Prime Minister and Home Minister of independent India.

He earned the title “Iron Man of India” for his decisive leadership and tireless efforts in integrating hundreds of princely states into a united India. His vision of “Ek Bharat, Shreshtha Bharat” (One India, Great India) continues to inspire national unity and integrity.

Key Takeaway

If you reside in Gujarat, remember that banks will remain closed on Friday, October 31, 2025, in honor of Sardar Vallabhbhai Patel Jayanti. Ensure to complete any urgent banking tasks beforehand, as services like cheque processing and in-branch deposits will resume on the next working day.

For the rest of India, bank branches will remain open, and regular banking services will continue without interruption.