Bank Holiday On Rakhi 2024: Raksha Bandhan will be celebrated across the country on August 19. This beautiful festival, also known as Rakhi, honours the special bond between brothers and sisters. Notably, the festival is celebrated in the month of Shravan, which usually falls in August, it is a widely celebrated occasion in India.
As the festival will be celebrated pan-India, many may be curious about whether banks will be closed in all cities on this day. According to the bank holiday calendar published by the Reserve Bank of India (RBI), both public and private sector banks will remain closed in cities where Raksha Bandhan is observed as a holiday.
It is important to note that banks will be closed for a total of 13 days in August, including the second and fourth Saturdays.
Banks To Remain Closed In THESE States/Cities
Banks will be closed in cities such as Agartala (Tripura), Ahmedabad (Gujarat), Bhubaneswar (Odisha), Dehradun (Uttarakhand), Jaipur (Rajasthan), Kanpur, Lucknow (Uttar Pradesh), and Shimla (Himachal Pradesh). However, customers can still access digital banking services like Internet banking, mobile banking, WhatsApp banking, NEFT, and RTGS.
As per RBI guidelines, bank holidays are categorised under three groups: ‘Negotiable Instruments Act’, ‘Negotiable Instruments Act and Real Time Gross Settlement Holiday’, and ‘Banks’ Closing of Accounts’.
Complete List of Bank Holidays In August:
August 20: Banks will be closed in Kerala for Sree Narayana Guru Jayanthi.
August 24: Nationwide bank closure for the fourth Saturday of the month.
August 25: All banks will be closed for the weekend.
August 26: Banks will be closed in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Uttar Pradesh, West Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar for Janmashtami or Krishna Jayanthi.