Banks in India to remain closed from August 19-23. Check details here
Private and public sector banks in India will remain closed from Thursday to next Monday (August 23) as August marks the beginning of the festive season. During this five-day period, banks in Kerala will remain closed for three days.
This week, banks were first closed in Maharashtra on Monday on the occasion of Navroz, which is commonly referred to as the Parsi New Year.
> August 19: Due to Muharram, the first month of the Islamic calendar, banks in several states including Gujarat, Maharashtra, Madhya Pradesh, West Bengal and Uttar Pradesh etc will remain closed.
> August 20: On the occasion of Onam, the annual harvest festival celebrated in Kerala, banks will remain closed not only in Kerala but also in Karnataka and Tamil Nadu.
> August 21: Banks will only be closed in Kerala on the occasion of Thiruvonam.
> August 22: Apart from being a Sunday, when all banks are closed, the festival of Raksha Bandhan is also falling on August 22.
> August 23: Banks will be again closed in Kerala due to Sree Narayana Guru Jayanthi.
However, online banking services will continue to operate. According to the Reserve Bank of India’s holiday calendar, there are 15 bank holidays in August with the last one being on August 31. The Central Bank places its holidays under three categories- Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.