As August approaches, it's important for customers to be aware of the upcoming bank holidays that could affect their plans. According to the Reserve Bank of India (RBI), banks across the country will be closed for a total of 13 days this month due to a combination of national and regional holidays, as well as weekend closures. These closures mean that customers need to plan their visits to bank branches carefully to avoid any inconvenience.

National and Regional Holidays

The bank holidays in August are determined by the RBI in coordination with state governments. These holidays take into account national events, state-specific holidays, and cultural or religious observances. Here is the state-wise full list of bank holidays for August 2024:

Date

Day

Occasion

States

Aug 3

Saturday

Ker Puja

Tripura

Aug 4

Sunday

Weekend closure

All over India

Aug 8

Thursday

Tendong Lho Rum Faat

Sikkim

Aug 10

Saturday

Weekend closure

All over India

Aug 11

Sunday

Weekend closure

All over India

Aug 13

Tuesday

Patriot’s Day

Manipur

Aug 15

Thursday

Independence Day

All over India

Aug 18

Sunday

Weekend closure

All over India

Aug 19

Monday

Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur

Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, Himachal Pradesh

Aug 20

Tuesday

Sree Narayana Guru Jayanthi

Kerala

Aug 24

Saturday

Weekend closure

All over India

Aug 25

Sunday

Weekend closure

All over India

Aug 26

Monday

Janmashtami (Shravan Vad-8)/Krishna Jayanthi

Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu and Kashmir, Uttar Pradesh, West Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh

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Weekend Closures

In addition to the national and regional holidays, banks will also be closed on second and fourth Saturdays and all Sundays. This is a regular practice where banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays.

Online Banking Services Remain Operational

Despite the physical closures of bank branches, online banking services will remain operational. Customers can continue to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. This ensures that essential banking activities can still be carried out without the need for visiting a branch.

Types of Bank Holidays

According to the RBI, there are three types of bank holidays in the country:

Holidays under the Negotiable Instruments Act: These are the most common bank holidays and include national and state holidays.

Holidays under the Negotiable Instruments Act Real Time Gross Settlement Holidays: Specific holidays when the RTGS system is closed.

Banks’ Closing of Accounts: Holidays related to the closing of bank accounts and fiscal year-end procedures.

Conclusion

With a total of 13 days of bank closures in August 2024, it's crucial for customers to plan their visits to bank branches in advance. The combination of national and regional holidays, as well as weekend closures, may affect banking operations. However, the availability of online banking services ensures that urgent transactions can still be conducted smoothly. By staying informed about the holiday schedule, customers can manage their banking needs effectively and avoid any disruptions.

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