Several states will observe bank closures in celebration of Raksha Bandhan this week. As per the RBI holiday schedule, banks will remain closed on August 30 in Rajasthan and Himachal Pradesh, followed by closures on August 31 in Uttarakhand, Uttar Pradesh, Kerala, and Sikkim.
The RBI classifies bank holidays into categories like Negotiable Instruments Act Holidays, Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts.
It’s worth noting that despite the branch closures on August 30 and 31, online banking services, including mobile and internet banking, will remain accessible.
BANK HOLIDAYS IN SEPTEMBER
Looking ahead to September, there will be a total of 16 bank holidays in various Indian states, including Sundays, second Saturdays, and fourth Saturdays, as outlined by the Reserve Bank of India’s holiday list.
During September, bank closures will occur on the occasions of Sri Krishna Janmashtami, Janmashtami (Shravan Vad-8)/Sri Krishna Ashtami, Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi, Ganesh Chaturthi/Samvatsari (Chaturthi Paksha), Ganesh Chaturthi (2nd day)/Nuakhai, Sree Narayana Guru Samadhi Day, Birthday of Maharaja Hari Singh Ji, Janmotsav of Srimanta Sankardeva, Milad-i-Sherif (Birthday of Prophet Muhammad), Eid-E-Milad/Eid-e-Meeladunnabi – (Prophet Muhammad’s Birthday) (Bara Vafat), and Indrajatra/Friday following Eid-i-Milad-ul-Nabi.