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Banks to remain closed for 15 days in August. Check dates here
The state specific holidays in the month of August falls under the Negotiable Instruments Act.
Banks in India will remain closed for 15 days in the month of August. According to the Reserve Bank of India (RBI) calendar, apart from second and fourth Saturdays and the Sundays, there are a total of eight holidays in the month of August. However, amongst these eight holidays some are state specific holidays so not all banks will remain closed.
RBI categorises bank holidays in India into three categories: Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act, Real-Time Gross Settlement Holiday, and Banks' Closing of Accounts. The state specific holidays in the month of August falls under the Negotiable Instruments Act.
Banks in Imphal will observe a holiday on August 13, while for Parsi New Year on August 16, banks in Mumbai, Nagpur, and Belapur will remain closed. On the occasion of Muharram on August 19 the banks will remain open in Aizawl, Bengaluru, Bhubaneshwar, Chandigarh, Chennai, Dehradun, Gangtok, Guwahati, Imphal, Kochi, Panaji, Shillong, Shimla and Thiruvananthapuram. On the occasion of Muharram/Onam banks in Bengaluru, Chennai, Kochi, and Thiruvananthapuram will remain closed. Online services and ATMs will however remain open and functional 24/7.
If you are planning on visiting bank branches be mindful of the following dates, which have been notified by the RBI.
August 1: Sunday
August 8: Sunday
August 13: Patriot’s Day
August 14: Second Saturday
August 15: Sunday
August 16: Parsi New Year
August 19: Muharram (Ashoora)
August 20: Muharram/First Onam
August 21: Thiruvonam
August 22: Sunday
August 23: Sree Narayana Guru Jayanthi
August 28: Fourth Saturday
August 29: Sunday
August 30: Janmashtami (Shravan Vad-8)/Krishna Jayanthi:
August 31: Sri Krishna Ashtami
