In India, a list of bank holidays is provided by the Reserve Bank of India (RBI). Holidays are sorted by three types: national festivals, state-specific holidays, and religious holidays. Bank customers should plan their bank visits carefully as there may be delays due to long bank holidays.
In many states, August 12, 13, 14 and 15 are declared as holidays for Raksha Bandhan, Patriots’ Day and Independence Day. It is important to remember that many bank holidays are regional in nature and may vary from state to state.
Banks are also closed in Maharashtra on 16 August on the occasion of Parsi New Year (Shahenshahi). So, the banks in Maharashtra will also become a 5-day witness Bank holiday From 12 August (Raksha Bandhan) to 16 August (Parsi New Year).
- August 12 – Raksha Bandhan
- August 13- Second Saturday
- 14 August – Sunday
- 15 August – Independence Day
- 16 August – Parsi New Year
Banks are closed across the country as part of the national celebration of Independence Day. Banks in Uttar Pradesh will remain closed for four days from August 12 (Thursday) for Raksha Bandhan till August 15, Independence Day.