As August approaches, it’s crucial to mark your calendars and plan your banking activities accordingly, as banks across India are set to observe a series of holidays. With closures falling on various days, including state-specific occasions and the nationwide observance of Independence Day, staying informed about these holidays is essential to avoid any potential delays in your financial transactions.
In accordance with the Reserve Bank of India’s (RBI) holiday schedule, commercial and public sector banks will remain closed for a total of 14 days during the month. These closures include both state-specific holidays and nationwide observances. Here’s a breakdown of the upcoming bank holidays:
| Date | Holiday | States Affected |
|---|---|---|
| August 8 | Tendong Lho Rum Faat | Sikkim |
| August 15 | Independence Day | Nationwide |
| August 16 | Parsi New Year (Shahenshahi) | Maharashtra |
| August 18 | Tithi of Srimanta Sankardeva | Assam |
| August 28 | First Onam | Kerala |
| August 29 | Thiruvonam | Kerala |
| August 30 | Raksha Bandhan | Rajasthan, Himachal Pradesh |
| August 31 | Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol | Uttarakhand, Assam, Kerala, Uttar Pradesh |
It is important to highlight that the Reserve Bank of India has classified these bank holidays into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and the Closure of Banks’ Accounts.
To ensure that your banking tasks are not hindered by these holidays, consider leveraging the convenience of digital banking services. The majority of banking transactions, both financial and non-financial, can be seamlessly completed through net banking, mobile banking, or even Whatsapp banking. Prioritize enrolling in these services to access your banking needs from anywhere, minimizing the impact of holiday closures on your financial activities.
