New Delhi: Banks will remain closed for 19 days in the month of August. While some bank holidays will be observed across the country, others will be local holidays. Many bank branches in different states will remain closed due to these festivities. Before visiting your bank branch in the month of April, you should note down the list of important days during which banks will be closed.
Reserve Bank of India (RBI) Mentioned few days when banking operations will be closed in the month of August 2022, however online banking activities will continue to work.
Banks will be closed for a total of 18 days in the month of August – as per 13 Reserve Bank of India (RBI) Holiday calendar list and remaining days are weekends. However, you should note that banks won’t close For 19 days in all states or territories. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. For example Bank branches may be closed for Gangtok in Sikkim but are not closed for the same in other states.
The Reserve Bank of India classifies its holidays under three brackets – Holidays under the Negotiable Instruments Act; Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays; and closing bank accounts. However, it should be noted that bank holidays vary from state to state as well as not observed by all banking companies. Banking holidays also depend on the festivals celebrated in specific states or the notification of specific occasions in those states.
Here is a detailed list of Bank Holidays falling in the month of August 2022. See the list.
Drukpa Tshe-zee: August 1
Muharram (Ashura): August 8
Muharram (Ashura): August 9
Raksha Bandhan: August 11
Raksha Bandhan: 12 August
Patriots Day: August 13
Independence Day: 15 August
Parsi New Year (Shahenshahi): 16 August
Janmashtami: August 18
Janmashtami (Shravan Vad-8)/Krishna Jayanti: August 19
Shri Krishna Ashtami: 20 August
Date of Shrimant Sankardev : 29 August
Samvatsari (Chaturthi Paksha)/Ganesh Chaturthi/Varasiddhi Vinayaka Vrat/Vinayaka Chaturthi: August 31
In addition to the above bank holidays, the second and fourth Saturdays of the month, Sundays fall on the following dates:
Sunday: August 7
Second Saturday: August 13
Sunday: August 14
Sunday: August 21
Fourth Saturday: August 27
Sunday: August 28
The holidays on the mentioned days will be observed in different regions as per the holidays declared by the state, however, for gazetted holidays, banks will remain closed across the country.
If you keep track of these holidays, you will be able to plan bank transaction activities in a better way. You can also plan your holidays well for long weekends.