Here is a list of the 2023 Bank holidays in Karnataka. The list if tentative and we will update it once the official notification is released. Banks will remain closed on 2nd and fourth Saturday of every month.
Check out: List of 2023 Karnataka Government Holidays
Comprehensive List Of 2023 Bank Holidays In Karnataka
|Uttarayana Punya Kaala Sankranthi
|Yearly Closing Of Bank Accounts
|Dr B.R. Ambedkar’s Birthday
|May Day / Labor day
|Last Day of Moharamm
|Varasiddhi Vinayaka Vrata/ Ganesha Chaturthi
|Maha Navami, Ayudhapooja
|Maharshi Valmiki Jayanti
What Are The Transactions You Can’t Do On A Bank Holiday In Karnataka?
As one would imagine, banks are closed on a bank holiday. This means that any transaction that needs to be completed in the bank cannot be done on that day. This includes:
- Making a cash deposit
- Encashing a cheque
- Making a demand draft
- Opening or closing a bank account
- Collecting a cheque book
- Collecting a debit card
- Operating bank lockers
What Are The Transactions You Can Do On A Bank Holiday In Karnataka?
However, not all banking services are available. You can still make transactions on the bank’s website and app. This includes
- Opening a fixed deposit
- Starting a recurring deposit
- Making a request to stop cheque payment
- online fund transfers
Your debit card can also be used to:
- Withdraw cash from an ATM
- Make online and offline purchases
- Pay bills
If you lose your debit/credit card, you can make a request to block the card on the bank’s app or through its telebanking service.
There are also ways to transfer money on a bank holiday. These are:
- Immediate Payment Service (IMPS)
- RTGF and NEFT
This service can be used at any time of the day or night but there may be charges associated with it.
- Unified Payment Interface (UPI)
UPI is also available 24×7 and has lower charges associated with it as compared to IMPR transactions.
- Fund transfer through ATM.
Money can be transferred from one account to another at an ATM as long as both accounts are in the same bank.
How To Pay Bills During Public Holidays and Bank holidays In Karnataka?
In many cases, not paying a bill on time may result in a late fee and affect your credit. Thankfully, there are a number of ways to pay bills even on bank holidays. In the era of internet banking and bank apps, almost all bills can be paid online. Bills can also be paid via mobile wallets such as:
- Google Pay
- Amazon Pay
These apps can be downloaded free of cost on Android and iOS phones. You can then transfer money from your bank account to these wallets and use the money to pay bills online.
Water bills, electricity bills, BSNL bills, broadband and cable TV bills and mobile bills can all be paid online at karnatakaone.gov.in. These online payments can be made at any time regardless of whether the bank is open or closed.
Bank Holidays In 2023 That Are only Applicable To Karnataka
Some bank holidays are applicable to banks across India while others are followed only in Karnataka or specific cities in Karnataka. For example, Karnataka Rajyotsava on November 1, is a bank holiday only in Bangalore.
Basava Jayanthi, Narak Chaturdashi , Balipadyami and Kanakadasa Janyanti are bank holidays applicable only to Karnataka.
Ugadi, Mahalaya, and Ayudha Puja are bank holidays only in Karnataka and a few other south Indian states.
Best Money Transfer Apps To Use During 2023 Bank Holiday In Karnataka?
Today, mobile wallets and money transfer apps have made it very easy to make payments and receive money even when banks are closed.
Sometimes ATMs can run out of cash when there are consecutive bank holidays. In such situations, mobile wallets can be very helpful. Some of the best mobile wallets available in Karnataka are:
- Google Pay
Some websites like Jabong, Amazon, MakeMyTrip etc also have closed wallets. The money in these wallets can only be used to make transactions on that particular site.