Ram Navami 2024 holiday: Are the stock market and banks open on April 17?

Ram Navami 2024 will be observed on Wednesday, April 17. On the occasion, which marks the birth anniversary of Lord Rama, public and private banks in many states will remain closed, according to the official holiday calendar of Reserve Bank of India (RBI).

Ram Navami 2024 bank holiday

Banks will remain closed on April 17 in states like Maharashtra, Gujarat, Madhya Pradesh, Chandigarh, Orissa, Andhra Pradesh, Rajasthan, Telangana, Uttar Pradesh, Jharkhand, Bihar and Himachal Pradesh. Despite the holiday, online banking services such as mobile banking, net banking, and UPI will be available for customers.

The bank holiday list can be checked on RBI's official website- https://website.rbi.org.in/web/rbi/. The central bank issues holidays under three categories i.e. Holiday under the Negotiable Instruments Act, Holiday under the Negotiable Instruments Act and Real Time Gross Settlement Holidays and Banks' Closing of Accounts.

Stock Market on Ram Navami 2024

The BSE and the NSE will remain closed for trading on Wednesday. The equity segment, SLB segment, currency derivatives segment, equity derivative segment, and interest rate derivatives segment will be shut for trading.

MCX and NCDEX on Ram Navami 2024

The Multi Commodity Exchange (MCX) will remain closed in the morning session (9 am to 5 pm) on Wednesday but will be open for trading in the evening session (5 pm to 9 pm).

Trading in National Commodity and Derivatives Exchange Limited (NCDEX) will remain suspended on the account of Ram Navmi.

Also read: Stock market holidays in April 2024: NSE, BSE to remain shut on THESE two days

Government officials and educational institutions

Government offices in many states will observe a holiday on April 17. Many private organisations will also remain shut. Besides this, schools and colleges will be closed as well.

After April 17, the bourses will mark the next public holiday on May 1 - Labour Day and Maharashtra Day. On this date, trading in NSE and BSE will be shut, while MCX will remain open only for the evening sessions.

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