Bank Holidays: This week there will be bank holidays in different states on festivals and regional occasions. According to the RBI calendar, banks will remain closed in many cities from 25 to 28 August, although digital services will be operational…
New Delhi. The festive season will start in the country from this week. Due to this, banks will remain closed in many parts of the country. Banks will also remain closed on Ganesh Chaturthi. Apart from this, different festivals will be celebrated in many parts of the country. Every state also has holidays on local festivals. Therefore, banks remain closed on different dates in every state. It is very important to know about them.
So that you do not face any problem in your work. In this way, this week banks will remain closed in many states across the country due to holidays. According to the calendar released by the Reserve Bank of India (RBI), the functioning of banks will be affected due to Ganesh Chaturthi, Nuakhai and other regional festivals in different states. However, digital banking services will be available as usual.
Bank holidays on 25 August
will begin at the beginning of the week in Assam. Where banks will remain closed on Monday, 25 August on the death anniversary of saint, scholar and cultural icon Srimanta Shankardev.
27 August – Ganesh Chaturthi
There will be a massive bank holiday on Wednesday, 27 August on the occasion of Ganesh Chaturthi. Bank branches will remain closed in many major cities including Mumbai, Nagpur, Ahmedabad, Bangalore, Chennai and Hyderabad. The festival is celebrated with great pomp in Maharashtra, Karnataka, Andhra Pradesh, Telangana and Tamil Nadu.
28 August – Nuakhai
On Thursday, 28 August, Nuakhai festival will be celebrated in Odisha and neighboring states like Jharkhand and Chhattisgarh. Due to this, banks will remain closed in Bhubaneswar, Ranchi, Raipur and Patna. However, despite the branches being closed, customers do not need to worry much. Digital services like UPI, internet banking and mobile apps will remain fully operational. ATMs and cash deposit machines will also continue to function smoothly. Nevertheless, customers are advised to settle important transactions in advance so that they do not face any problems.
RBI’s Holiday Classification
Bank holidays in India are not the same across the country. RBI divides them into three categories – Negotiable Instruments Act, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. Therefore, it is possible that banks may be closed in one state, but remain open normally in another state. So if you have any important bank related work this week, it would be better to plan your work by looking at the list of holidays in advance.
