New Delhi, Oct. 25 -- Banks in several parts of India will remain closed on Monday, October 26, as they will observe various regional holidays, including Laxmi Puja, Accession Day and Maharishi Valmiki's Birthday. The closures will vary by state and region, depending on the occasion being celebrated.

The bank holiday tomorrow is scheduled as part of the Reserve Bank of India (RBI) bank holiday calendar, which is released at the beginning of every year. According to the RBI calendar, October has a total of 11 holidays, excluding regular weekend offs on Sundays and the second and fourth Saturdays.

Bank holidays usually differ from region to region, depending on the festivals and other occasions celebrated in each area. The only time when ...