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Bank Holidays in August 2021, Banks to remain shut for 15 days this month

Due to holidays, banks will be closed for a total of 15 days in August. Aside from the 8 festival-related holidays, these include the second, fourth, and fifth Saturdays and Sundays. All 8 holidays are state-specific holidays for various occasions, according to the Reserve Bank of India (RBI) holiday calendar list.

On the second and fourth Saturdays of each month, as well as a weekly holiday on Sunday, all commercial and public sector banks across the country are closed. Customers can access online services even though banks will be closed on the above-mentioned days. Furthermore, mobile and internet banking will continue to be available.

Read Also: Digital India : 10 ways to go Cashless in this COVID-19

Banks across the country only follow the gazetted holidays. Holidays are divided into three categories by the Reserve Bank of India: Holiday under the Negotiable Instruments Act, Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks' Closing of Accounts. The RBI has issued the following list of holidays.

 

Read Also: Bank Account under Income Tax : Questions and Answers

 

Here is the complete list of bank holidays in August 2021:

01 August 2021 – Weekly off (Sunday)

08 August 2021 – Weekly off (Sunday)

13 August 2021  Patriot’s Day

14 August 2021 – Second Saturday

15 August 2021 – Weekly off (Sunday), Independence Day

16 August 2021 – Parse New Year

19 August 2021 – Muharram (Ashoora)

20 August 2021 – Muharram/First Onam

21 August 2021 – Thiruvonam

22 August 2021 – Weekly off (Sunday)

23 August 2021 – Sree Narayana Guru Jayanthi

28 August 2021 – Fourth Saturday

29 August 2021 – Weekly off (Sunday)

30 August 2021 – Janmashtami (Shravan Vad-8)/Krishna Jayanthi

31 August 2021 – Sri Krishna Ashtami

However, not all states observe bank holidays, and it largely depends on the state or region. Therefore, national holidays are applicable to all the states in India but regional holidays are applicable only to specific states. It is recommended that bank account holders schedule their transactions accordingly.

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