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August 2, 2021

Banks will remain closed for 15 days in August 2021

by CA Shivam Jaiswal in Corporate Law

Banks will remain closed for 15 days in August 2021

List of Bank Holidays In August 2021

Banks will remain closed for 15 days in the month August 2021. As per the Reserve Bank of India (RBI) calendar, apart from second and fourth Saturdays and the Sundays, there are a total of eight holidays in August. However, amongst these eight holidays some are state specific holidays so not all banks will remain closed.

The Reserve Bank of India has categorised holidays under three categories — Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts. The 15 days off this month fall under the bracket of Holiday under Negotiable Instruments Act.

Including Muharram, banks will remain closed on Janmashtami, Parse New Year, Onam and other occasions. Notably, the bank holidays depend on the festivals being observed in specific states and vary from one state to another. This year, 15 August falls on a Sunday.

Here is the full list of bank holidays in August 2021:

Sr. NoDateDays
1.01 August 2021Sunday
2.08 August 2021Sunday
3.13 August 2021Friday, Patriot’s Day (Manipur)
4.14 August 2021Second Saturday
5.15 August 2021Sunday (Independence Day)
6.16 August 2021Monday, Parse New Year
719 August 2021Thursday (Muharram)
8.20 August 2021Friday (Onam)
9.21 August 2021Saturday (Thiruvonam – Kerala)
10.22 August 2021Sunday
11.23 August 2021Monday (Sree Narayana Guru Jayanthi – holiday in Kerala)
12.28 August 2021Fourth Saturday
13.29 August 2021Sunday
14.30 August 2021Monday (Janmashtami)
15.31 August 2021Tuesday (Sri Krishna Ashtami- Telangana and Andhra Pradesh)

Holidays will be observed in various regions according to the state declared holidays, however for the gazetted holidays, banks will be closed all over the country. While offline banking operations will remain closed on the specified dates, online banking activities will continue to work. If you keep a track of these bank holidays, you would be able to plan bank transaction activities in a better way.

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