Maharashtra Elections 2024: Will Banks Remain Closed on Voting Day? All You Need to Know

Maharashtra Elections 2024: Maharashtra Assembly Elections 2024 are scheduled on November 20. voting for 288 seats in state will be conducted in a single phase and counting of votes will take place on November 23.

Will Banks Remain Closed on Voting Day? 

According to Reserve Bank of India's holiday list, banks in Maharashtra will remain closed on November 20 due to Assembly General Election 2024.

Notably, while physical bank branches in designated states will remain closed, customers will still be able to access financial services through ATMs, digital banking, and UPI platforms. For urgent banking needs, online transactions remain operational, ensuring that services are available even on holidays.

month November h in total 12 holidays including religious festivals and regional events, Sundays, weekends, and or occasions.

In Mumbai, Brihanmumbai Municipal Corporation (BMC) has declared a holiday on November 20 for all employees working in businesses and offices within BMC limits to ensure that people can cast ir votes.

NSE, BSE to Remain Closed

In wake of Assembly Elections, tring activities at Bombay Stock Exchange (BSE) and National Exchange (NSE) will remain closed on November 20. Hence, re will be no action in Equity Segment, Equity Derivative Segment, and SLB Segment.

Maharashtra Assembly Elections

Maharashtra Legislative Assembly’s current term ends on November 26. state will witness a two-way contest between two coalitions — Maha Vikas Aghi (MVA), consisting of Uddhav Thackeray’s Shiv Sena (UBT), NCP (Shar Pawar), and Congress, and Mahayuti Alliance, which brings toger BJP, Shiv Sena (Eknath Shinde), and NCP (Ajit Pawar). In 2019 elections, BJP secured 105 seats, Shiv Sena 56, and Congress 44.