In several places around the nation, banks will be closed on three of the final five days of August.
Banks will not be open on August 29 at branches under regional offices of Guwahati owing to the Tithi of Srimanta Sankardeva, while they would be closed on August 27 and August 28 due to scheduled off days on the second and fourth Saturday and Sunday, respectively.
Due to the festival of Ganesh Chaturthi on August 31, bank branches under regional offices of Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur, and Panaji will be closed.
There are only two working days available for customers to use banking services if their bank branch is covered by one of these regional offices. Customers are therefore encouraged to prepare ahead for any bank-related work to avoid any inconveniences at the last minute.
Bank holidays differ from one location to another. The Reserve Bank of India compiles a list of holidays at the beginning of each year. The Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts Holiday are the three categories under which the holidays are announced.
There were 18 bank holidays in August 2022, including numerous festivals and weekly off days. In addition to their mandatory Sunday off, banks are closed on the second and fourth Saturdays each month.
Due to numerous festivals, including Janmashtami, Shahenshahi, and Muharram, banks were closed throughout the nation. In India, all banks were closed on August 15 in observance of Independence Day.
Banks will be closed for a total of 13 days, including Sundays and the weekend, in the forthcoming month of September. In different regions of the nation, banks will be closed in observance of Ganesh Chaturthi (Day 2), Karma Puja, First Onam, Thiruvonam, Indrajatra, Sree Naravana Guru Javanthi, Sree Narayana Guru Samadhi Day, and Navratri Sthapna/Mera Chaoren Houba of Lainingthou Sanamahi.