Are banks observing a long weekend from August 15 to 19? All you need to know

The upcoming weekend in August 2024 will be filled with holidays due to national events and festivals. If you’re planning any banking activities during this time, it’s important to know which days banks will be closed. From August 15 to 19, several key holidays will impact banking services. This period includes major dates like Independence Day and Raksha Bandhan, along with regular weekends. Knowing the bank holiday schedule can help you plan and avoid any issues with your financial tasks. Let’s explore the details of these long weekend bank holidays and see when you might need to adjust your banking plans.

Are Banks Closed from August 15 to 19?

During this period, banks across India will observe the following closures:

• August 15: All banks in India will be closed due to celebration of 78thIndependence Day.
• August 18: As it is a Sunday, banks will be closed as usual.
• August 19: Banks will be closed in several states including Tripura, Gujarat, Madhya Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, and Himachal Pradesh for Raksha Bandhan.

On August 16 (Friday) and August 17 (Saturday), banks will remain open nationwide, there won't be a long weekend this week.?Even when banks are closed, digital banking services keep financial transactions going. Online banking platforms, mobile apps, and digital payment methods like?UPI,?IMPS, and net banking are still available. These tools let you handle various financial tasks smoothly, even on?bank holidays.

Upcoming August Bank Holidays 2024:

In addition to the above dates, here is a more detailed list of August 2024 bank holidays by state:

• August 15 (Thursday): All banks in India will be closed for Independence Day.
• August 19 (Monday): Banks will be closed in Tripura, Gujarat, Orissa, Uttarakhand, Rajasthan, Uttar Pradesh, and Himachal Pradesh for Raksha Bandhan.
• August 20 (Tuesday): Banks will be closed in Kerala for Sree Narayana Guru Jayanthi.
• August 26 (Monday): Banks will be closed in multiple states including Gujarat, Orissa, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Uttar Pradesh, Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar for Janmashtami.

Festivals and Holidays in August

August is a month rich in festivals and holidays that contribute to the bank closures:

• Ker Puja
• Tendong Lho Rum Faat
• Patriot's Day
• Raksha Bandhan/Jhulana Purnima
• Sree Narayana Guru Jayanthi
• Janmashtami

Make sure to plan your banking activities around these dates to avoid any inconvenience. For more information on specific bank holidays, you can refer to the RBI's official holiday list.