Personal and public sector banks in India will stay closed from Thursday to subsequent Monday (August 23) as August marks the start of the festive season. Throughout this five-day interval, banks in Kerala will stay closed for 3 days.
This week, banks have been first closed in Maharashtra on Monday on the event of Navroz, which is often known as the Parsi New 12 months.
> August 19: On account of Muharram, the primary month of the Islamic calendar, banks in a number of states together with Gujarat, Maharashtra, Madhya Pradesh, West Bengal and Uttar Pradesh and many others will stay closed.
> August 20: On the event of Onam, the annual harvest competition celebrated in Kerala, banks will stay closed not solely in Kerala but additionally in Karnataka and Tamil Nadu.
> August 21: Banks will solely be closed in Kerala on the event of Thiruvonam.
> August 22: Aside from being a Sunday, when all banks are closed, the competition of Raksha Bandhan can be falling on August 22.
> August 23: Banks will likely be once more closed in Kerala because of Sree Narayana Guru Jayanthi.
Nevertheless, on-line banking providers will proceed to function. In response to the Reserve Financial institution of India’s vacation calendar, there are 15 financial institution holidays in August with the final one being on August 31. The Central Financial institution locations its holidays below three categories- Vacation below Negotiable Devices Act, Vacation below Negotiable Devices Act and Actual Time Gross Settlement Vacation and Banks’ Closing of Accounts.