Diwali bank holiday, Oct. 22 -- Banks will be closed in some parts of the country on Wednesday, 22 October to observe various festivites related to Diwali, according to the region-wise holiday calendar of the Reserve Bank of India (RBI).

Banks are scheduled to remain closed in Ahmedabad, Belapur, Bengaluru, Dehradun, Gangtok, Jaipur, Kanpur, Lucknow, Mumbai and Nagpur on Wednesday, 22 October for Diwali, Vikram Samvant New Year Day, Govardhan Pooja, Balipadyami and Laxmi Puja.

Diwali or Deepawali is one of the most auspicious Hindu festivals. It honours the victory of light over darkness and good over evil. It is believed that Lord Rama returned to Ayodhya on this day after defeating King Ravana, a victory celebrated by lighting lamps....