Bank Holidays: Banks To Remain Closed For 14 Days In August, Check State-Wise Holiday List

Bank Holidays in August 2023: In August, there are 14 bank holidays, beginning with Tendong Lho Rum Faat on August 8 and ending with Raksha Bandhan on August 31.

Bank holidays in India also consist of mandatory holidays set by the banking sector and additional holidays for festivals and special occasions authorised by different states.

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Banks across the country will observe as many as 14 holidays in the month of August, which include all Sundays as well as the second and fourth Saturdays. It's important to note that these holidays may vary depending on the state. Out of these, 8 holidays are listed under the Holidays under the Negotiable Instrument Act.

The RBI is the banking regulatory authority in India and determines their schedules and holidays for the whole year. Bank holidays in India also consist of mandatory holidays set by the banking sector and additional holidays for festivals and special occasions authorised by different states.

Both public sector banks and private sector banks do not work on Sundays and on the second and fourth Saturdays of each month, according to RBI guidelines. Banks also remain closed on public holidays, including regional holidays determined by state governments.

In August, there are 14 bank holidays, beginning with Tendong Lho Rum Faat on August 8 and ending with Raksha Bandhan on August 31. These holidays apply to all banks in India, except in certain states. Those planning to visit the bank next month for important work, should see the list of holidays and plan their work in advance.

August 2023: Statewise Bank Holiday List

Date	Day	Holiday	Regions
August 6, 2023	Sunday	Weekend Holiday	All Over India
August 8, 2023	Tuesday	Tendong Lho Rum Faat	Gangtok
August 12, 2023	Saturday	Second Saturday	All Over India
August 13, 2023	Sunday	Weekend Holiday	All Over India
August 15, 2023	Tuesday	Independence Day	All Over India
August 16, 2023	Wednesday	Parsi New Year (Shahenshahi)	Belapur, Nagpur & Mumbai
August 18, 2023	Friday	Tithi of Srimanta Sankardeva	Guwahati
August 20, 2023	Sunday	Weekend Holiday	All Over India
August 26, 2023	Saturday	Fourth Saturday	All Over India
August 27, 2023	Sunday	Weekend Holiday	All Over India
August 28, 2023	Monday	First Onam	Kochi & Thiruvananthapuram
August 29, 2023	Tuesday	Thiruvonam	Kochi & Thiruvananthapuram
August 30, 2023	Wednesday	Raksha Bandhan	Jaipur & Shimla
August 31, 2023	Thursday	Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol	Dehradun, Gangtok, Kanpur, Kochi, Lucknow & Thiruvananthapuram

According to the Reserve Bank's calendar, apart from the weekends, there are 8 bank holidays in August. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881.

Bank-related work will not pose any inconvenience to people as essential services like ATMs, cash deposits, online banking, and mobile banking will continue to operate during these holidays.