look news india
Public Holidays: Today Eid-e-Milad is being celebrated with great pomp in many states of the country. In such a situation, there is a public holiday in many states, due to which all private and government banks, schools and colleges are closed. However, some government banks and all government and institutions are working today. Let us tell you that this festival is celebrated by Muslim brothers and sisters in the country in honor of the birth of Prophet Muhammad.
Maharashtra government changed the holiday
In fact, last week, the Maharashtra government extended the Eid-e-Milad holiday in Mumbai from 16 September 2024 to 18 September 2024 due to Ganesh immersion. After which the Reserve Bank of India (RBI) said, 'The public holiday of 16 September 2024 announced earlier has been canceled.' According to the press release issued by the central bank, 'The Maharashtra government has declared 18 September 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881.' In such a situation, all banks in Maharashtra will remain closed on Wednesday, September 18. Apart from this, banks are going to remain closed in Sikkim due to Pang-Lahbsol.
The stock market will also remain closed
In such a situation, all banks will remain closed in Maharashtra on Wednesday i.e. 18 September. Apart from this, banks are going to remain closed for Pang-Lahbasol in Sikkim. RBI also said that there will be no transactions and settlements in government securities, foreign exchange, money market and rupee interest rate derivatives on September 18.
Let us tell you that due to the settlement holiday in the country, most brokers do not allow the sale of shares bought on Friday on Monday. However, Zerodha CEO Nithin Kamath said that we, Zerodha, are one of the few brokers that allow you to sell shares bought on Friday. By the way, due to the settlement holiday, your equity intraday profit credits and F&O credits are not included in your trading balance or are not available for withdrawal today.