Bank Holidays: Banks To Remain Closed For 14 Days In August, Check State-Wise Holiday List - ABP Live

Banks across the country will observe as many as 14 holidays in the month of August, which include all Sundays as well as the second and fourth Saturdays. It's important to note that these holidays may vary depending on the state. Out of these, 8 holidays are listed under the Holidays under the Negotiable Instrument Act.

The RBI is the banking regulatory authority in India and determines their schedules and holidays for the whole year. Bank holidays in India also consist of mandatory holidays set by the banking sector and additional holidays for festivals and special occasions authorised by different states.

Both public sector banks and private sector banks do not work on Sundays and on the second and fourth Saturdays of each month, according to RBI guidelines. Banks also remain closed on public holidays, including regional holidays determined by state governments.

In August, there are 14 bank holidays, beginning with Tendong Lho Rum Faat on August 8 and ending with Raksha Bandhan on August 31. These holidays apply to all banks in India, except in certain states. Those planning to visit the bank next month for important work, should see the list of holidays and plan their work in advance.

August 2023: Statewise Bank Holiday List

Date

Day

Holiday

Regions

August 6, 2023

Sunday

 Weekend Holiday All Over India

August 8, 2023

Tuesday

Tendong Lho Rum Faat

Gangtok

August 12, 2023

Saturday

Second Saturday

All Over India

August 13, 2023

Sunday

 Weekend Holiday

All Over India

August 15, 2023

Tuesday

Independence Day

All Over India

August 16, 2023

Wednesday

Parsi New Year (Shahenshahi)

Belapur, Nagpur & Mumbai

August 18, 2023

Friday

Tithi of Srimanta Sankardeva

Guwahati

August 20, 2023

Sunday

Weekend Holiday

All Over India

August 26, 2023

Saturday

Fourth Saturday

All Over India

August 27, 2023

Sunday

Weekend Holiday

All Over India

August 28, 2023

Monday

First Onam

 Kochi & Thiruvananthapuram

August 29, 2023

Tuesday

Thiruvonam

Kochi & Thiruvananthapuram

August 30, 2023

Wednesday

Raksha Bandhan

Jaipur & Shimla

August 31, 2023

 Thursday

Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol

Dehradun, Gangtok, Kanpur, Kochi, Lucknow & Thiruvananthapuram

According to the Reserve Bank's calendar, apart from the weekends, there are 8 bank holidays in August. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881.

Bank-related work will not pose any inconvenience to people as essential services like ATMs, cash deposits, online banking, and mobile banking will continue to operate during these holidays. 

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