Bank Holidays August 2022: Banks Will Be Closed For 18 Days, Full List Here

People will not face any problems in bank-related work as holidays are not frequent or at short intervals and ATMs, cash deposits, online banking, and?mobile banking will continue to function. These holidays may vary from state to state as holidays are determined keeping in view the local festivals.

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month. Under the Negotiable Instruments Act, RBI has declared holidays on August 1,8,9,11,12,13,15,16,18,19,20,29,31. Apart from this, there are four Sundays, the second and fourth Saturdays in the month.

AP

According to the Reserve Bank's calendar, apart from the weekend, there are 12 bank holidays in August 2022. The central government has divided the holidays into three categories, under the Negotiable Instruments Act, 1881.?

State-wise list of bank holidays in August 2022:?

1. August 1, 2022 (Monday)- Drukpa Tshe-zi

Banks will be closed across Sikkim on the occasion of Drukpa Tshe-zi. On this day Buddha gave his first sermon in the Deer Park in Isipatana, India during his sermon Budha spelt out the Four Noble Truths and the Noble Eightfold Path.

2. August 7 (Sunday) - Weekend Bank Holiday

Banks will be closed across the country on Sunday, 7 August 2022.

3. August 8, 2022 (Monday)- Muharram (Ashura)?

BCCL

Banks remain closed in Jammu and Srinagar on the occasion of Muharram (Ashoora). Muharram is a sacred and holy occasion for Muslims around the world. It is the first month of the Islamic Year or the Hijri calendar that has 354 or 355 days. Although it marks the first Islamic month, the tenth day of Muharram is also known for being a period of mourning where the Shia Muslim community commemorates the martyrdom of Imam Hussein who was martyred in the Battle of Karbala on the day of Ashura in 680 AD, the son of Hazrat Ali and the grandson of Prophet Muhammad.

4. August 9, 2022 (Tuesday)- Muharram (Ashura)

All the banks will be closed on the occasion of Muharram in many parts of the country like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bengal, Lucknow, New Delhi, Bihar, Chhattisgarh, and Jharkhand.

5. August 11, 2022 (Thursday) Raksha Bandhan?

BCCL

Bank will be closed in Gujarat, Madhya Pradesh, Uttarakhand, Rajasthan, and Himachal Pradesh on the occasion of Raksha Bandhan. Raksha Bandhan is an important festival of Hindus, which is celebrated in many parts of India and across the world where Hindus lived. The festival is celebrated between brothers and sisters. Raksha Bandhan has been celebrated between brothers and sisters for centuries. On this day sister tie a thread on her brother's wrist and pray for his long and prosperous life in return brother promised to protect her always and exchange gifts. On this festival, all the brothers and sisters together get blessings by worshipping God.

6. August 12, 2022 (Friday) - Raksha Bandhan

Banks remain shut in Maharashtra, Uttar Pradesh on the occasion of Raksha Bandhan.

7. August 13, 2022 (Saturday) - Patriot’s Day & Second Saturday

All the banks across the country remain closed on the second Saturday of the month and in Manipur on the occasion of Patriot's Day on 13 August 2022. The day remembrance of those brave sons of Manipur who sacrificed their lives by surrendering the sovereignty of their motherland to the British and laid down their lives gracefully.

8. August 14 (Sunday) - Weekend Bank Holiday

Banks will be closed across the country on Sunday, 14 August 2022.

9. August 15 (Monday) - Independence Day

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Banks will be closed across the country on the occasion of Independence Day on 15 August 2022. India will celebrate its 76th Independence Day, marking another milestone in the history of the world’s largest democracy. Independence Day is when we commemorate the sacrifices of our freedom fighters who laid their lives during the freedom struggle and with their unfaltering grit and patriotism, forced the British empire to finally retreat. On August 15, 1947, India attained freedom, ending an almost 200-year colonial rule in the subcontinent.?

10. August 16 (Tuesday) - Parsi New Year (Shahenshahi)

Banks remain closed in Maharashtra on the occasion of Parsi New Year (Shahenshahi) on 16 August 2022.

11. August 18 (Thursday) - Janmashtami

BCCL

Banks will be closed in Orissa, Uttarakhand, Uttarakhand, and Uttar Pradesh on the occasion of Janmashtami. The process of festivals will start from Rakshabandhan in August. Janmashtami will come after Rakshabandhan which is a very important and sacred festival for Hindus. People across the country celebrate this occasion of Lord Krishna's birth with great fanfare and its preparations start several days in advance.

The biggest task in the preparations for Janmashtami is to decorate the Krishna tableau and prepare the Chappan Bhog. On this occasion, not only chappan bhog (56 food items) is?offered, but many types of sweets are also made and offered to God. Usually, things like Makhan-mishri, Kheer, and dry fruits are prepared on this occasion.

12. August 19 (Friday) - Janmashtami (Shravan Vad-8)/Krishna Jayanthi

All the banks will be closed on the occasion of Janmashtami (Shravan Vad-8)/Krishna Jayanthi in Gujarat, Madhya Pradesh, Chandigarh, Tamil Nadu, Sikkim, Rajasthan, Jammu, Bihar, Chhattisgarh, and Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar.

13. August 20 (Saturday) - Sri Krishna Ashtami

Banks remain closed in Hyderabad on the occasion of Sri Krishna Ashtami.

14. August 21 (Sunday) - Weekend Bank Holiday

Banks will be closed across the country on Sunday, 21 August 2022.

15. August 27 (Fourth Saturday of the month) - Weekend Bank Holiday

All the banks in the country remain closed on the fourth Saturday of the month on 27 August 2022.

16. August 28 (Sunday) - Weekend Bank Holiday

Banks will be closed across the country on Sunday, 28 August 2022.

17. August 29 (Monday) - Tithi of Srimanta Sankardeva?

Banks remain closed in Assam on the occasion of Tithi of Srimanta Sankardeva.

18. August 31 (Wednesday) - Samvatsari (Chaturthi Paksha)/Ganesh Chaturthi/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi

Banks will be closed in Gujarat, Maharashtra, Karnataka, Orissa, Tamil Nadu, Telangana, and Goa on the occasion of Samvatsari (Chaturthi Paksha)/Ganesh Chaturthi/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi on 31 August 2022.

On the RBI rules, there are three categorized holidays and they are as follows:

1. Holiday under Negotiable Instruments Act

2. Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday

3. Banks' Closing of Accounts

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