The month of August is very important in many ways. In this month, many types of festivals are celebrated all over the country. The country celebrates Independence Day on 15th August. On the other hand, Rakshabandhan also falls in this month. Lord Shri Krishna’s birthday i.e. Janmashtami will also be celebrated in the month of August. Apart from all these festivals, there are also state specific festivals. Which are celebrated with great pomp at the local level.
In such a situation, due to all these holidays, banks are going to remain closed for many days in the month of August. According to the holiday list of the Reserve Bank of India, if the second and fourth Saturdays along with 4 Sundays are added in the month of August, then there are a total of 13 holidays. If you have made any plans in the month of August, then it is very important to check the holiday list of RBI. Let us also tell you that on which date and where banks are going to have holidays in the month of August.
Banks will remain closed on these dates in the month of August
- August 3, 2024, Saturday: Holiday in Agartala on the occasion of Ker Puja
- 4 August 2024, Sunday: Bank holidays across the country
- August 8, 2024, Thursday: Holiday in Sikkim on the occasion of Tendong Lo Rum Phat
- August 10, 2024, Saturday: Banks holiday across the country on second Saturday
- 11 August 2024, Sunday: Bank holidays across the country
- August 13, 2024, Tuesday: Holiday in Manipur on occasion of Patriot Day
- August 15, 2024, Thursday: Holiday across the country on the occasion of Independence Day
- August 18, 2024, Sunday: Bank holidays across the country
- August 19, 2024, Monday: Holiday in many states of the country on the occasion of Raksha Bandhan
- August 20, 2024, Tuesday: Holiday in Kochi and Thiruvananthapuram on the occasion of Sree Narayana Guru Jayanti
- August 24, 2024, Saturday: Banks closed across the country on fourth Saturday
- 25 August 2024, Sunday: Bank holidays across the country
- August 26, 2024, Monday: Holiday declared in many states across India on the occasion of Janmashtami
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Banks will remain closed for 13 days
Apart from state specific holidays, there are some holidays which apply to all states and banks across the country. For example, on 15th August, all banks across the country remain closed on the occasion of Independence Day. In such a situation, banks will remain closed for a total of 13 days in the month of August. This includes Sunday and second and fourth Saturdays.
According to the guidelines of the Reserve Bank of India (RBI), bank holidays in India are divided into three categories. These include Negotiable Instruments Act, Negotiable Instruments Act and Real Time Gross Settlement and the last category is closing account of banks. However, during these holidays, the online facility of all banks will remain operational smoothly. If you have to do any important transaction, then you can avail the online facility.