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PERSONAL FINANCE
According to the holiday list of Reserve Bank of India (RBI) banks will remain shut for 13 days this month, including second and fourth Saturdays and Sundays
Public and private sector banks across the country will remain closed for 13 days in August. Including second and fourth Saturdays and Sundays, banks will remain shut for 13 days this month, according to the holiday list of the Reserve Bank of India (RBI).
However, due to regional and religious festivities bank holidays differ across states owing to which customers should confirm the full list of holidays with their nearest bank branch.
Customers are requested to plan visits to bank branches carefully, considering the non-working dates. Here is a full list of bank holidays:
3 August 2024, Saturday: Kher Puja -Tripura
4 August 2024, Sunday: Karkidaka Vavu Bali - Kerala
7 August 2024, Wednesday: Haryali Teej - Haryana
8 August 2024, Thursday: Tendong Lho Rum Faat -Sikkim
13 August 2024, Tuesday: Patriots Day - Manipur
15 August 2024, Thursday: Independence Day - National
15 August 2024, Thursday: Parsi New Year - Daman and Diu, Dadra and Nagar Haveli, Gujarat & Maharashtra
16 August 2024, Friday: De Jure Transfer Day - Pondicherry
19 August 2024, Monday: Raksha Bandhan - Several states across India
19 August 2024, Monday: Jhulan Purnima - Odisha
26 August 2024, Monday: Janmashtami - Several states across India
As per the RBI, in India, there are three categories of bank holidays: public holidays as per the Negotiable Instruments Act, real-time gross settlement holidays under the Negotiable Instruments Act, and banks’ closing of accounts. It's essential to note that regional bank holidays may differ across states and banks in the nation.
Online service:
In case of urgent need for cash, all banks run their online websites and mobile banking apps continuously, even on weekends or holidays, unless there are specific notifications to users. Additionally, you can utilise any bank's ATM to withdraw cash.
It's important for customers to be aware that bank holidays vary by state due to regional regulations. To stay updated, it's advisable to verify the complete holiday schedule with the nearest bank branch for better planning and to avoid any last-minute confusion or emergencies.