New Delhi: Banks will remain closed for upto 19 days in the month of August. While some bank holidays will be observed nation-wide, some others will be local holidays. Several bank branches will remain closed in various states owing to these festivities. Before visiting your bank branch in the month of April, you must note down the list of important days during which banks will remain closed.


COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of August 2022, although online banking activities will continue to work.


Banks will remain closed for total 18 days in the month of August -- 13  as per the Reserve Bank of India (RBI) holiday calendar list and the remaining days are that of weekends. However, you must note that the banks will NOT be closed for 19 days in all states or regions. 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 might be closed for Gangtok in Sikkim but not closed for the same in other states.


Reserve Bank of India places its Holidays under three brackets --Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.


Here is an elaborate list of bank holidays falling in the month of August 2022. Check out the list.


 


Drukpa Tshe-zi: August 1


Muharram (Ashoora): August 8


Muharram (Ashoora): August 9


Raksha Bandhan: August 11


Raksha Bandhan: August 12


Patriot’s Day: August 13


Independence Day: August 15


Parsi New Year (Shahenshahi): August 16


Janmashtami: August 18


Janmashtami (Shravan Vad-8)/Krishna Jayanthi: August 19


Sri Krishna Ashtami: August 20


Tithi of Srimanta Sankardeva : August 29


Samvatsari (Chaturthi Paksha)/Ganesh Chaturthi/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi: August 31


 


Apart from the above bank holidays, the second and fourth Saturdays, Sundays of the month are falling on the following dates:


Sunday: August 7


Second Saturday: August 13


Sunday: August 14


Sunday: August 21


Fourth Saturday: August 27


Sunday: August 28


Holidays of the mentioned days will be observed in various regions according to the state declared holidays, however for the gazetted holidays, banks will be closed all over the country.


If you keep a track of these holidays, you would be able to plan bank transaction activities in a better way. For long weekends, you can even plan your holidays well.