As Raksha Bandhan approaches, it’s important to know if banks will be open or closed on Monday, August 19, 2024. The festival coincides with Jhulana Purnima and the birthday of Bir Bikram Kishore Manikya Bahadur, resulting in varying bank closures across different states.
Is Raksha Bandhan a Bank Holiday?
Yes, in certain states, Raksha Bandhan is observed as a bank holiday under the Negotiable Instruments Act. However, it is not a nationwide holiday, and the status of bank closures will depend on the state you’re in.
Which States Will Have a Raksha Bandhan Bank Holiday?
According to the Reserve Bank of India’s holiday list, banks in the following states will be closed on Raksha Bandhan:
- Tripura (Agartala)
- Gujarat (Ahmedabad)
- Madhya Pradesh (Bhopal)
- Odisha (Bhubaneswar)
- Uttarakhand (Dehradun)
- Rajasthan (Jaipur)
- Uttar Pradesh (Kanpur, Lucknow)
- Himachal Pradesh (Shimla)
If you are in any of these states, it is advisable to plan your banking needs accordingly, as services will not be available on this day.
Upcoming Bank Holidays in August 2024
August has a few more bank holidays besides Raksha Bandhan. Banks will also be closed on:
- August 20: Sree Narayana Guru Jayanthi
- August 24: Fourth Saturday
- August 26: Janmashtami (Shravan Vad-8)/Krishna Jayanthi
On August 26, banks will likely be closed across most states, including Gujarat, Madhya Pradesh, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Uttar Pradesh, West Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Himachal Pradesh, and Kashmir.
Make sure to take note of these dates to avoid any disruptions in your banking activities.