In the month of August, all private and government banks operating in the country will remain closed for a total of 15 days. According to the holiday calendar of the Reserve Bank of India , banks will be closed for six days due to second and fourth Saturdays and Sundays in August. Similarly, banks will also remain closed for another nine days throughout the month on account of various regional festivals.
However, the holidays will be applicable in only those states where the festivals are observed. The dates when banks shall remain closed over the month are 1st, 8th, 13th, 14th, 15th, 16th, 19th, 20th, 21st, 22nd, 23rd, 28th, 29th, 30th, and 31st August. The bank holidays are listed by the Central government, state governments, and Union Territories under the Negotiable Instruments Act, 1881.
As per Reserve Bank of India, banks will remain closed for a total of 15 days in the month of July. However, online banking activities will continue to work on these days. Of the 15 days, 9 are as per Reserve Bank of India holiday calendar list while the remaining are weekends.
Moreover, bank holidays vary from state to state and is not observed by all the banking companies. Kharchi Puja and U Tirot Sing Day will be celebrated on the same date. Private and public banks in India generally are closed on public holidays and besides that, banks are also shut on the second and fourth Saturdays which can vary from state to state. However, on national holidays such as Independence Day , Gandhi Jayanti , and Republic Day banks observe holidays.
Banks will remain shut for 7 days in November when 3 November is a Sunday, 9 November is a second Saturday, and 10 November is a Sunday. 12 November will also see banks observing a holiday on account of Guru Nanak Jayanti. Banks will remain closed on 17 and 25 November because it is a Sunday. 24 November will also see banks remain shut as it is the fourth Saturday of the month.
In October, banks had 8 holidays which includes Saturdays and Sundays. Private and public sector banks have holidays for almost nine days in the month of June, which includes holidays for various festivals as well as weekends. Next week, the Reserve Bank of India announced three bank holidays for various states in the country. On 12 June, banks will be closed due to it being the second Saturday following which 13 June is also a holiday on account of it being a Sunday. Following that, 15 June is a bank holiday on account of being YMA Day in Aizawl and Raja Sankranti in Bhubaneswar .
Apart from this, banks are also closed every month on Sundays and on the second and fourth Saturdays. In March too, banks are expected to be closed for 3 days at a stretch due to a strike that falls on 11, 12, and 13 March, which falls on Wednesday, Thursday, and Friday. However, prior to this strike, banks will also remain closed on 10 March for Holi with 14 March also being a holiday on account of being a second Saturday. This is the third bank strike in 2020 so far, with the first one between 8 to 9 January and the second one on 31 January and 1 February. Even though bank holidays vary from state to state, certain days are fixed by the Reserve Bank of India , where all banks across India will be closed. Depending on the state and what festivals are celebrated, bank holidays will vary.
In Odisha, banks will be closed on 5 March 2020 on account of Panchayati Raj Diwas. All banks in Uttar Pradesh will be closed on 9 March 2020 because of Hazrat Ali's Birthday. Banks in several states will be closed on 10 March 2020 on account of Holi.
Banks in Haryana and Punjab will be closed on 23 March 2020 on account of Martyr's Day. Banks in Telangana, Andhra Pradesh, Maharashtra, and Karnataka will be closed on 25 March 2020 due to Telugu New Year/Gudi Padwa/Ugadi. On 28 March 2020, banks will remain shut in Jharkhand because of Sarhul. Banks in India fix their holidays every month on account of important events and festivals. The two different types of holidays are national holidays and state holidays. In August, banks will be closed on 13 days inclusive of Saturdays and Sundays.
On 1 August, banks will be closed in Jammu and Kashmir due to Bakrid. Banks will be closed in many states on 3 August on account of Raksha Bandhan. Banks will be closed in Sikkim on 8 August because of Tendong Lho Rum Faat. On 11 August, banks will be closed in many states because of Janmashtami.
Banks will be closed across India on 15 August on account of Independence Day. On 22 August, banks will be closed in many on account of Ganesh Chaturthi. Banks will remain shut in Maharashtra and Gujarat on 17 August as Parsi New Year is celebrated. Banks operating in the country shall remain closed on 12 days in the month of February.
These holidays will be on account of second and fourth Saturdays, Sundays, and some state holidays. The dates when banks shall remain closed are 7, 12, 13, 14, 15, 16, 19, 20, 21 26, 27, and 28 February. In addition to second and fourth Saturdays and four Sundays of the month, six state festivals will be celebrated in February across different states of the country. Essentially the bank holidays in India can be divided into two categories. The first and the foremost is the religious holidays and the next is the national holidays in india. Both of these categories account for the total holidays in the state.
While there are few national holidays, there are a lot of festival and religious holidays in the country. Now among these we have holidays that are restricted to particular states, while others may not have the same set of holidays. It is therefore very important to check the list of bank holidays in India before making any plans.
Goodreturns.in will try and also feature the various things that you can do when you have a holiday. At the same time we will also try and feature the various places which you can visit during the holidays. Generally speaking the schools would also have a holiday during the festivals. However, sometime again depending on the nature, you may or may not get leave. Office and office goers may also not get leave, even if there is a government holiday. Sometimes, it is better to check and see the list of bank holidays in India for 2021.
The national holidays are no doubt bank holidays and most companies in the country have to declare the same as a holiday. All public sector banks and private sector banks remain closed on national holidays, which are Independence Day, Republic Day and Mahatma Gandhi Jayanti. Along with that bank also observes government holidays, some of which are state-specific and other holidays remain common throughout the states. Further, banks also remain closed on Second and fourth Saturdays and all Sundays.
All public and private sector banks remain closed on various public and national holidays. Apart from these holidays, every state has a separate list of state bank holidays. Here is the complete list of bank holidays in the year 2021. There is also a great wholesome time that is spent with family members.
Depending on the state that you are in, you can visit some of the places of interest on a bank holiday in India. For example, spending time in public places like parks, is a common thing during the government holidays in India. The country is very unique and offers a whole lot of things to do during the holidays. Some individuals prefer spending time with the family and friends on these days.
It really depends on your own priorities and ways of thinking as to what you want to do on a bank holiday in India. Take a look at the list of public holidays before you plan or do anything in the country. There is no fixed day on which a festival is celebarated, which makes it a very important thing to note the change in days and months of festival holidays. Some festivals which constantly see their change are Diwali, Holi etc. However, some festivals like Christmas never change their dates, because it was on this day that Jesus Christ was born. So, before you do banking or any other activity it would be significant to know the days on which banks are closed.
In fact, we have now provided a comprehensive list of bank and public holidays in India. Honestly speaking there is no difference between the state holidays, public holidays and bank holidays in India. In fact, one holiday is embbeded in the other and there is absolutely difference.
It is just that each individual uses each term very vaguely and you can use either of the terms. For example a religious holiday in India can also be a public holiday and a bank holiday. On the other hand all three can be a holiday at the same time.
In Indian Bank Holidays are basically used as a term to specify that the bank would be closed. Does this mean that all of the private companies and corporations in the country would be closed. For example, there are certain religious festivals in India, which are also public holidays in the country and also bank holidays in the country.
In India, bank holiday is a public holiday when banks and other financial institutions remain closed. While, not all public holidays are classified as Bank Holidays as it varies with state and region. Bank Holidays are declared under the Negotiable Instruments Act, 1881 by Central/State Governments/ Union Territory. The nation being a multi cultural and very diverse country also has many national and other bank holidays. Some of these are very local and they can be decided by the respective state governments.
On the other hand some of them are very mandatory and it is not a prerogative of anybody as these are already the national holidays in India. Some of the central government holidays are Good Friday, Christmas, Diwali etc. There are various other central government holidays as well. If you are looking at some of the central government holidays you can know that by visiting the holiday list that we have given.
In some states you would typically find more holidays then others. This of course is very rare and does not happen very often. Banks in the metros of Chennai, Delhi, Kolkata, and Mumbai will be closed for a total of 14 days in the months of November and December 2019. This is besides the second and fourth Saturdays and Sundays, for which all banks are closed in India.
In Bengaluru and Shillong alone, 1 November will be a holiday on account of Kannada Rajyotsava/Kut and the Wangala festivals respectively. Some of the holidays are 12 November for Guru Nanak Jayanti, Kartika Purnima, and Rahasa Purnima and 25 December for Christmas. Other public holidays that fall in November are on 3, 9, 10, 12, 17, 23, and 24 November. In December, the public holidays fall on 1, 8, 14, 15, 22, 25, 28, and 29 December. Apart from Shillong, Imphal, Gangtok, Aizawl, and Chennai, banks will remain open across the other major cities in India on 1 January 2020.
Apart from Sundays, banks will remain closed on the second and fourth Saturdays of every month. Under the Negotiable Instruments Act, there are other bank holidays as well. In Chandigarh, banks will be closed on 2 January 2020 on account of Guru Govind Singh's birthday.
Banks will remain closed in Ahmedabad and other parts of Gujarat on 14 January 2020 on account of Makar Sankranti. Banks will be closed in Chennai from 15 January 2020 to 17 January 2020 on account of several festivals. Banks in Tripura, Kolkata, and the rest of West Bengal will be closed on 23 January 2020 due to Netaji Subhas Chandra Bose's birthday. Banks in Kolkata, Agartala, and Bhubaneshwar will be closed on 30 January 2020 on account of Basanta Panchami and Saraswati Puja. Next week, all banks will be open on Monday and Tuesday but will be closed in several cities on Wednesday due to Telugu New Year's Day and Gudhi Padwa.
On 25 March 2020, banks in Nagpur, Mumbai, Hyderabad, Chennai, and Bengaluru will be closed due to the spring festival. However, banks will be closed on 27 March 2020 and 28 March 2020 because of the bank strike and the fourth Saturday. Bank unions wanted to sit on a strike on 11 March 2020 but later cancelled it. Banks were closed on 31 January and 1 February as employees demanded a 20% hike in their salary. The merger of 10 public sector banks will come into effect from 1 April 2020. However, bank unions have demanded that the government rollback the plans.
According to the bank holiday calendar provided by the Reserve Bank of India , banks will be closed for 15 days in the month of August. Out of the 15 days, 7 days will be on weekends and 8 days will be state-specific holidays. Banks will be closed on 15 August on account of Independence Day. Banks in Maharashtra will remain shut on 16 August due to Parse New Year. Banks will be shut in several states on 19 August on account of Muharram.
Banks in Tamil Nadu, Kerala, and Karnataka will be shut on 20 August on account of Onam. Banks in Kerala will be shut on 21 August on account of Thiruvonam. May 1st was chosen to be the International Worker's Day to commemorate the 1886 Haymarket affair in Chicago. The first May Day celebration in India was organized in Madras by the Labour Kisan Party of Hindustan on May 1, 1923. It was also the first time; the red flag was used in India.
