Banks to remain closed for 13 days in August 2024; Check the full list of bank holidays here – Banking & Finance News

Bank Holidays August 2024: Banks will remain closed for a total of 13 days in the month of August including public holidays, regional holidays, and regular closures on Sundays, second and fourth Saturdays, as per Reserve Bank of India (RBI) holiday list. August includes festivals like Raksha Bandhan, Janmashtami and also Independence Day. Despite the closure on these specific days, customers can access banking services via net banking, ATMs, mobile applications, and bank websites.

In July, banks were closed for 12 days and these holidays included Muharram festival, and the usual weekend breaks.

RBI classifies holidays into three categories: Real-Time Gross Settlement Holiday, Banks’ Closing of Accounts Holiday, and Holidays Under the Negotiable Instruments Act. Banks remain closed on the second and fourth Saturdays of every month. The RBI in 2015, had announced that both private and PSU banks in India would remain closed on the second and fourth Saturdays of the month. While on other Saturdays, banks will stay operational full-day. Banks across the country remain closed on Sundays. Here is a look at the dates of the July 2024 bank holidays across regions.

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Bank Holidays August 2024

August 3 (Saturday): Ker Puja – Banks will remain closed on August 3 in Agartala.

August 8 (Thursday): Tendong Lho Rum Faat – Banks will stay closed in Gangtok.

August 13 (Tuesday): Patriot’s Day – Banks will remain shut in Imphal.

August 15 (Thursday): Independence Day/Parsi New Year (Shahenshahi) – Considering it’s a national holiday, banks will stay closed across the country, in all the states on the date. 

August 19 (Monday): Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur – Banks will remain closed in Agartala, Ahmedabad, Bhubaneswar, Dehradun, Jaipur, Kanpur, Lucknow and Shimla. 

August 20 (Tuesday): Sree Narayana Guru Jayanthi – Banks will stay shut in Kochi and Thiruvananthapuram. 

August 26 (Monday): Janmashtami (Shravan Vad-8)/Krishna Jayanthi – Banks will remain closed in Ahmedabad, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Patna, Raipur, Ranchi, Shillong, Shimla and Srinagar. 

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