Bank holiday today, Sept. 5 -- Banks in several Indian cities will remain closed on Friday, September 5, in observance of Milad-un-Nabi or Eid-e-Milad and Thiruvonam, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). However, in Mumbai, the holiday originally scheduled for September 5 has been changed to September 8 by the RBI.

RBI notified all customers on September 3 that the holiday in Mumbai has been moved from September 5 to September 8 after the Muslim community decided to hold the procession on September 8.

Bank holidays are mentioned in the annual holiday calendar published by the RBI, in accordance with the Negotiable Instruments Act, which regulates the issuance of cheques and promissory notes. H...