Bank Holidays in August 2023: Plan Your Banking Transactions Wisely
August 2023 is set to bring a series of holidays for banks across India, providing both customers and employees with some well-deserved breaks. With 14 bank holidays falling in this month, it’s essential for individuals to plan their banking transactions accordingly. Let’s take a look at the complete list of bank holidays in August 2023 and the states where they will be observed.
The Reserve Bank of India’s holiday calendar has marked 14 days as bank holidays in August 2023, including weekends and the second and fourth Saturdays. During these days, banks will remain closed to the public, limiting access to physical branch services. However, customers need not worry, as Internet banking services will be accessible nationwide throughout the month.
Here’s the complete list of bank holidays in August 2023:
- August 8: Tendong Lho Rum Faat (No banking services in Gangtok)
- August 12: Second Saturday of the month
- August 13: Second Sunday of the month
- August 15: Independence Day (Banks closed in various cities including Agartala, Ahmedabad, Aizawl, Belapur, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Guwahati, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kohima, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar, and Thiruvananthapuram)
- August 16: Parsi New Year (Banks closed in Belapur, Mumbai, and Nagpur to celebrate Parsi New Year)
- August 18: Tithi of Srimanta Sankardeva (Banks closed in Guwahati on account of Tithi of Srimanta Sankardeva)
- August 20: Third Sunday
- August 26: Fourth Saturday of the month
- August 27: Fourth Sunday of the month
- August 28: First Onam (Banks closed in Kochi and Thiruvananthapuram to celebrate First Onam)
- August 29: Thiruvonam (Banks closed in Kochi and Thiruvananthapuram to celebrate Thiruvonam)
- August 30: Raksha Bandhan (Banks closed in Jaipur and Srinagar on account of Raksha Bandhan)
To avoid any inconvenience, customers are advised to plan their banking transactions well in advance. During these holidays, ATMs and online banking will continue to function, allowing individuals to carry out essential financial activities seamlessly.
Moreover, August 2023 will witness eight state-specific holidays in various regions. Depending on the state, public and commercial banks may be closed on special days like Tendong Lho Rum Faat, the Parsi New Year, Onam, Raksha Bandhan, and others. It’s crucial to be aware of these regional holidays to ensure smooth financial planning.
In conclusion, while August 2023 brings several holidays for banks, it also presents an excellent opportunity for customers to take advantage of Internet banking services. With proper planning and utilization of online facilities, individuals can manage their finances efficiently, even during the holiday season. As we commemorate World Hepatitis Day and celebrate various festivals, let’s stay informed and make the most of the available banking options.
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