Bank Holidays on Rakhi 2024: Are banks closed in your state on Raksha Bandhan, August 19, Monday? Check details here

August 2024 is a month filled with many important festivals and events in India, leading to several Bank Holidays throughout the country. Events like Raksha Bandhan, Janmashtami, and other regional celebrations will cause banks to close on different days depending on the state. Knowing these dates is important for everyone to plan their banking activities in advance and avoid any inconvenience.

Will Banks Be Closed on Raksha Bandhan, August 19?

Raksha Bandhan, also known as Rakhi, is a popular festival in India that will be celebrated on Monday, August 19, 2024. This festival is special for siblings, where sisters tie a sacred thread, or rakhi, around their brothers’ wrists, wishing them good health and prosperity. In return, brothers give gifts and promise to protect their sisters.

On this day, Bank Holidays on August 19 will be observed in certain states. According to the bank holiday calendar published by the Reserve Bank of India (RBI), banks will remain closed on Raksha Bandhan in the following states:

• Tripura
• Gujarat
• Odisha
• Uttarakhand
• Rajasthan
• Uttar Pradesh
• Himachal Pradesh

However, in states where Raksha Bandhan is not recognized as a holiday, banks will remain open.

Bank Holidays in August 2024

In August 2024, banks in various states across India will observe several holidays due to national events, festivals, and local celebrations. These Bank Holidays 2024 include Sundays, the second and fourth Saturdays, and other days dedicated to specific cultural and religious occasions. Overall, banks will be closed for a total of 13 days in August, making it important for customers to plan their banking needs ahead of time.

Here’s a list of the key Bank Holidays in August 2024:

• August 13 (Tuesday): Patriot’s Day – Banks will be closed in Manipur.
• August 15 (Thursday): Independence Day/Parsi New Year (Shahenshahi) – Banks across India will be closed.
• August 19 (Monday): Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur – Banks will be closed in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, and Himachal Pradesh.
• August 20 (Tuesday): Sree Narayana Guru Jayanthi – Banks will be closed in select states.
• August 26 (Monday): Janmashtami (Shravan Vad-8)/Krishna Jayanthi – Banks will be closed in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, and more.

Digital Banking: A Convenient Solution During Bank Holidays

Even with multiple Bank Holidays in 2024, customers can still manage their financial needs through digital banking. Digital banking offers the convenience of performing essential banking tasks from anywhere, at any time, without needing to visit a physical bank branch. Whether using a laptop, tablet, or smartphone, digital banking ensures that your financial activities continue smoothly, even when banks are closed.