Banks to Remain Closed for 18 Days Next Month; Full List Here

Bank Holidays in August 2022: Lenders throughout all personal and public sectors of the nation are set to get pleasure from one other month filled with holidays because the festive season is kicking in slowly. While there have been 14 financial institution holidays in July, there are as many as 18 financial institution holidays in August, The month of August goes to begin inside a number of days and which means there shall be a brand new set of financial institution holidays in August that may come into impact as per the calendar ready by the Reserve Bank of India. The RBI prepares a calendar for every month the place financial institution holidays are talked about.

It should be famous that many financial institution holidays are regional and will differ from state to state and financial institution to financial institution. There are 18 financial institution holidays in August, as talked about earlier than, out of which six are weekend leaves. On the opposite hand, there are 13 regional holidays whereby lenders in some particular areas stay closed attributable to events in that specific areas. If we add up the 2 classes, there shall be 19 financial institution holidays. However, Patriot’s Day, which is a regional vacation for Imphal, falls on August 13, which is the second Saturday of the month when all banks are closed. Therefore, the financial institution vacation on August 13 is clashing, which suggests there are 18 financial institution holidays in August.

The Reserve Bank of India (RBI) fixes the financial institution holidays annually below three classes, together with the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. Among these, the ‘Holiday below Negotiable Instruments Act’ class sees the very best variety of holidays. Banks throughout the nation are closed on August 15, which falls on a Monday subsequent month.

Here is the Full List of Bank Holidays in August 2022 as per the RBI List (Starting From August 1, 2022)

List of Leaves as per the Holiday Under Negotiable Instruments Act:

August 1: Drukpa Tshe-zi — Gangtok

August 8: Muharram (Ashora) — Jammu, Srinagar

August 9: Muharram (Ashura) — Agartala, Ahmedabad, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur and Ranchi

August 11: Raksha Bandhan — Ahmedabad, Bhopal, Dehradun, Jaipur, and Shimla

August 12: Raksha Bandhan — Kanpur, and Lucknow

August 13: Patriot’s Day — Imphal

August 15: Independence Day — All over India

August 16: Parsi New Year (Shahenshahi) — Belapur, Mumbai, and Nagpur

August 18: Janmashtami — Bhubaneswar, Dehradun, Kanpur and Lucknow

August 19: Janmashtami (Shravan Vad-8)/ Krishna Jayanthi — Ahmedabad, Bhopal, Chandigarh, Chennai, Gangtok, Jaipur, Jammu, Patna, Raipur, Ranchi, Shillong and Shimla

August 20: Sri Krishna Ashtami — Hyderabad

August 29: Tithi of Srimanta Sankardeva — Guwahati

August 31: Samvatsari (Chaturthi Paksha)/Ganesh Chaturthi/ Varasiddhi Vinayaka Vrata/ Vinayakar Chathurthi — Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur and Panaji

Apart from this, there are seven weekend leaves, together with the one clashing with Patriot’s Day, the place banks shall be closed all throughout the nation. These are talked about under

List of Weekend Leaves

August 7: First Sunday

August 13: Second Saturday + Patriot’s Day

August 14: Second Sunday

August 21: Third Sunday

August 27: Fourth Saturday

August 28: Fourth Sunday

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