2024 Bank Holidays in India: Find Out When Banks Will Be Closed This Year
As a crypto enthusiast interested in banking operations, it is crucial to stay informed about upcoming bank holidays to plan your financial activities effectively. In 2024, specific holidays will impact the operational status of both private and public sector banks, affecting your banking routines. The Reserve Bank of India (RBI) has mandated the closure of banks on certain days, including weekends and public holidays.
Bank Holidays in August: Festivals Impacting Banking Operations
August is a month filled with cultural, religious, and regional festivals in India that influence banking operations and branch availability. Understanding the significance of these festivals can help you manage your financial transactions and visits to the bank efficiently. It’s essential to note the dates when banks will remain closed to avoid any inconveniences.
Key Highlights:
– Republic Day (26 January), Independence Day (15 August), and Gandhi Jayanti (2 October) are the three national holidays declared by the Government of India in 2024.
– Banks observe closures on weekends, including the second and fourth Saturdays, impacting regular banking services.
– Festivals like Janmashtami, Raksha Bandhan, and Sree Narayana Guru Jayanthi are state-specific holidays affecting banking operations.
– Checking the official holiday list provided by RBI is recommended to ensure the branch’s operational status before planning a visit.
August Bank Holidays 2024: Mark Your Calendar for These Dates
August 26- (Monday)- Janmashtami (Shravan Vad-8)/Krishna Jayanthi is a prominent festival observed in several Indian states, resulting in a bank holiday. Here are some key dates to remember for August 2024 along with the states where specific holidays are observed:
Bank Holidays in Different States:
– August 19: Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur (Tripura, Gujarat, Orissa, and more)
– August 20: Sree Narayana Guru Jayanthi (Kerala)
– August 26: Janmashtami (Shravan Vad-8)/Krishna Jayanthi (Multiple states)
| Aug-24 | 3 | 8 | 13 | 15 | 19 | 20 | 26 |
| Agartala | • | • | • |
Long Weekend Alert:
Plan your financial activities wisely as August 26 falls on Monday, creating an extended weekend due to the Janmashtami festival. Make sure to check the branch’s operational status in advance to avoid any inconvenience.
Hot Take: Stay Informed About Upcoming Bank Holidays for Smooth Banking Transactions
Being aware of the bank holidays scheduled for the remainder of the year is essential for planning your financial activities effectively. Whether you’re conducting crypto transactions or regular banking services, knowing when banks will be closed can help you avoid any last-minute disruptions. Keep an eye on the holiday calendar to stay prepared for upcoming closures.
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