Bank holiday today: Why are banks closed on Saturday, August 10?

If you¡¯re planning to handle some banking tasks today, August 10, you might be puzzled about why the banks are closed. In India, banks follow a specific schedule for holidays, and today¡¯s closure is part of that routine. Understanding why banks are closed and when they are open can help you plan your visits better and avoid any last-minute surprises. Let¡¯s take a look into the details of today¡¯s bank holiday and what you need to know.

Understanding Bank Holidays

In India, banks are typically closed on specific days each month. Generally, they are open on the first, third, and fifth Saturdays of the month. However, on the second and fourth Saturdays, banks are closed. This pattern also applies to Sundays and national holidays.

Why Banks Are Closed on August 10

Today is August 10, which falls on the second Saturday of the month. As per the standard schedule, banks are closed on the second Saturday of each month. This is part of the routine bank holiday schedule mandated by the Reserve Bank of India (RBI).

August 10 Bank Holiday and Its Impact

For those planning bank-related tasks today, it's important to note that banks are not open. Customers should plan their visits accordingly and check with their local bank branches for any additional regional holidays or closures.

Upcoming Bank Holidays in August

August is a month with several bank holidays due to various festivals and celebrations. According to the RBI¡¯s list of holidays, banks will be closed on the following days in August:

• August 13: Patriot¡¯s Day - Observed in Manipur to honour fallen Manipuri commanders.
• August 15: Independence Day - A national holiday marking India¡¯s independence.
• August 19: Rakshabandhan - A Hindu festival celebrating the bond between brothers and sisters.
• August 20: Sree Narayana Guru Jayanthi - A state festival in Kerala honouring the birth of social reformer Narayana Guru.
• August 26: Janmashtami - Celebrates the birth of Lord Krishna.