Holiday on Raksha Bandhan: All banks including public sector, private sector and regional banks remain closed on the declared holidays. (Representative image)
Holiday on Raksha Bandhan: Before visiting any bank branch, you are advised to check the bank’s closing schedule.
Holiday in Raksha Bandhan: Celebrated in India and various parts of the world, Raksha Bandhan is an important Hindu festival. On August 30 and 31, 2023, certain cities will experience bank closures on the occasion of the festival. The list of cities includes Jaipur, Shimla, Dehradun, Gangtok, Kanpur, Kochi, Lucknow and Thiruvananthapuram.
Holiday on Raksha Bandhan
According to the Reserve Bank of India (RBI) holiday list, majority of India’s private and public sector institutions will be closed today on August 30 and tomorrow (Aug 31) due to Raksha Bandhan. Before visiting a bank branch, it is advisable to check the bank’s closing schedule. This ensures that your banking needs are met quickly and effectively.
August 30: Raksha Bandhan
Banks in Srinagar and Jaipur will be closed due to Raksha Bandhan.
August 31: Raksha Bandhan
Banks will be closed in Thiruvananthapuram, Gangtok, Lucknow, Kanpur, Dehradun and Kochi due to Raksha Bandhan.
There are a total of 14 public holidays in August, depending on the state. These holidays include weekends and various festivals. The banking regulator has announced bank holidays for lenders under three groups: the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.
All banks including public sector, private sector, foreign banks, cooperative banks and regional banks across the country will remain closed on these declared holidays.
All lenders remain closed on Republic Day (January 26), Independence Day (August 15) and Gandhi Jayanti (October 2), Christmas Day (December 25). Banks also remain closed on festivals like Diwali, Christmas, Eid, Guru Nanak Jayanthi and Good Friday.
Every second and fourth Saturday of the month, private and public sector banks remain closed across the country. The Reserve Bank of India (RBI) has also made it mandatory for banks to remain closed on Sundays.
Most banking transactions, including financial and non-financial, can be done through internet banking, mobile banking or WhatsApp banking. Make sure you have registered for these services to access banking services during this period.
Bank customers should visit the holiday list regularly for any new updates and also verify it with the holiday list issued by the Reserve Bank of India on its official website.
