In August 2023, banks will be closed for a total of 14 days, including Sundays and second and fourth Saturdays, according to the Reserve Bank of India’s holiday calendar. Eight state-specific holidays will also be observed, affecting both public and private banks in certain states. These holidays include occasions like Tendong Lho Rum Faat, Parsi New Year, Onam, Raksha Bandhan, and more.
While people planning to visit banks for urgent work should be aware of the listed holidays, internet banking services will be available throughout the country on all days. Here is the complete list of bank holidays for August 2023:
– August 6: First Sunday of the month
– August 8: Tendong Lho Rum Faat (Gangtok)
– August 12: Second Saturday of the month
– August 13: Second Sunday of the month
– August 15: Independence Day (Multiple locations)
– August 16: Parsi New Year (Belapur, Mumbai, Nagpur)
– August 18: Tithi of Srimanta Sankardeva (Guwahati)
– August 20: Third Sunday
– August 26: Fourth Saturday of the month
– August 27: Fourth Sunday of the month
– August 28: First Onam (Kochi and Thiruvananthapuram)
– August 29: Thiruvonam (Kochi and Thiruvananthapuram)
– August 30: Raksha Bandhan (Jaipur and Srinagar)
– August 31: Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol (Gangtok, Dehradun, Kanpur, Kochi, Lucknow, and Thiruvananthapuram)
These holidays fall into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instrument Act and Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
