Bank holidays in August: Lenders to remain closed for 6 days next week
For the week, there are six bank holidays for the second week of the month
Lenders will remain closed in different parts of India for three consecutive days starting from Sunday, August 7, as there will be three bank holidays in the start of the second week of August.
For the week, there are six bank holidays for the second week of the month, as banks across several areas of the country will remain closed for several occasions like Raksha Bandan, Muharram among others.
There are 18 bank holidays in August, out of which one has already been used up.
The Reserve Bank of India, or the RBI, has already put out a list for bank holidays in August 2022. The bank holidays will be effective as per the list.
Banks will remain closed on August 8, 9, 11, 12 13 and 14 on next week for Muharram, Rakasha Bandhan Patriot's Day and the weekend.
It must be noted that many bank holidays are regional and may differ from state to state and bank to bank.
There are 18 bank holidays in August out of which six are weekend leaves.
There are 13 regional holidays whereby lenders in some specific areas remain closed due to occasions in that particular areas.
The Reserve Bank of India (RBI) fixes the bank holidays each year under three categories, including the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks' Closing of Accounts. Banks across the country are closed on August 15, which falls on a Monday this month.
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