Bank Holidays: Public and commercial banks in India will be closed for eighteen days in August 2022, according to the Reserve Bank of India’s (RBI) schedule list, which was just made public.
Second and fourth Saturdays as well as Sundays are included in these holidays. In addition to the weekly breaks, banks will be closed owing to additional national and local holidays in a number of states.
The Negotiable Instruments Act Holidays, Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts are the three categories into which the Reserve Bank of India (RBI) has classified the holidays. It is also important to note that bank holidays can differ from state to state and are based on state-specific events.
Here is a list of the holidays that the RBI has announced:
1 August 2022 (Monday): Drukpa Tshe-zi- Banks are closed in Sikkim and Srinagar
8 August 2022 (Monday): Muharram (Ashoora)- Banks are closed in Jammu and Srinagar
9 August 2022 (Tuesday): Muharram (Ashoora)- Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bengal, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
11 August 2022 (Thursday): Raksha Bandhan- Gujarat, Madhya Pradesh, Uttarakhand, Rajasthan, Himachal Pradesh.
12 August 2022 (Friday): Raksha Bandhan- Maharashtra, Uttar Pradesh.
13 August 2022 (Saturday): Patriot’s Day- Manipur
15 August 2022 (Monday): National holiday
16 August 2022 (Tuesday): Parsi New Year (Shahenshahi)- Maharashtra
18 August 2022 (Thursday): Janmashtami- Orissa, Uttarakhand, Uttarakhand, Uttar Pradesh
19 August 2022 (Friday): Janmashtami (Shravan Vad-8)/Krishna Jayanthi- Gujarat, Madhya Pradesh, Chandigarh, Tamil Nadu, Sikkim, Rajasthan, Jammu, Bihar, Chhattisgarh and Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar.
20 August 2022 (Monday): Sri Krishna Ashtami- Hyderabad
29 August 2022 (Monday): Tithi of Srimanta Sankardeva- Assam
31 August 2022 (Wednesday): Samvatsari (Chaturthi Paksha)/Ganesh Cha-turthi/Varasiddhi Vinayaka Vrata/Vinayakar Chathurthi- Gujarat, Maharashtra, Karnataka, Orissa, Tamil Nadu, Telangana, and Goa
Bank customers can still conduct some of their financial business through net banking and mobile banking notwithstanding these bank holidays, including weekly offs.
Holiday weekends in August 2022
7 August 2022: Weekly off (Sunday)
13 August 2022: Second Saturday
14 August 2022: Weekly off (Sunday)
21 August 2022: Weekly off (Sunday)
27 August 2022: Fourth Saturday28 August 2022: Weekly off (Sunday)
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