The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Bank Holidays In August 2023: Banks Will Be Closed For 14 Days In August

by TLAteam August 2, 2023August 2, 2023
written by TLAteam August 2, 2023August 2, 2023
Bank Holidays In August 2023: Banks Will Be Closed For 14 Days In August

Banks will be shut for 14 days in August 2023 including second and fourth Saturdays and Sundays. As per the Reserve Bank of India (RBI) guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments.

Business News

The month of August observes 14 bank holidays – the first holiday starts from Tendong Lho Rum Faat on Tuesday, August 08, and other holidays like Independence Day on Tuesday, August 15 will be observed holidays which are applicable to all banks in India except some states.

Most Indian banks’ functions are regulated by the Reserve Bank of India, and banking schedules and holidays are also governed by the Reserve Bank of India (RBI) regulations. Public sector banks and private sector banks both are not working on Sundays and on second and fourth Saturdays.

Bank holidays in India come in a variety of flavours — it’s a mix of mandated holidays by the banking sector, plus a whole set of festive and commemorative holidays authorised by various states.

In August 2023, there are only 14 days when many private and public sector banks will remain closed due to bank holidays including weekends. Banks will be shut for 14 days in August 2023 including the second and fourth Saturdays and Sundays as per the Reserve Bank of India (RBI) guidelines.

However, people will not face any problems with bank-related work as holidays are not frequent or are at short intervals; ATMs, cash deposits, online banking and mobile banking will continue to function. These holidays in August vary from state to state as holidays are determined keeping in mind the local festivals.

Banks will be closed on all public holidays with some regional holidays, depending on the particular state. Regional holidays are decided by the respective state governments; they are not mentioned on RBI’s official website.

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month. Under the Negotiable Instruments Act, RBI has declared bank holidays on August 08, 15, 16, 18, 28, 29, 30 and 31. Apart from this, there are four Sundays in August falling on August 6,13,20 and 27 also on the second and fourth Saturdays on August 12 and 26.

According to the Reserve Bank’s calendar, apart from the weekends, there are 8 bank holidays in August. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881.

Those who have to complete important work related to the bank in August, should see the list of holidays and plan their work in advance.

0 comment
previous post
Earthquake of magnitude 5 jolts Andaman and Nicobar Islands, no casualties
next post
Dream Girl 2 Trailer – Ayushmann Khurrana As Pooja Makes The Heart Skip A Beat

You may also like

Over 15 Air India Flights Diverted or Returned...

June 13, 2025

Air India Flight From Phuket to Delhi Makes...

June 13, 2025

Air India Issues Travel Advisory, Over 15 Flights...

June 13, 2025

Skywatchers Witness Rare and Radiant Strawberry Moon Across...

June 12, 2025

Strawberry Moon Rises Tonight: Rare Low-Horizon Lunar Event...

June 11, 2025

24-Hour Advance Charting Soon to Be Rolled Out...

June 11, 2025

Veteran Filmmaker Partho Ghosh Passes Away at 75

June 9, 2025

First Photo of Sonam Raghuvanshi Surfaces as She...

June 9, 2025

India Sees Resurgence in COVID‑19 Cases, Central Government...

June 8, 2025

Former Congress Chief Sonia Gandhi’s Health Deteriorates in...

June 7, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • ‘Not a Page Burnt’; Bhagavad Gita Found Undamaged at Ahmedabad Crash Site

    June 13, 2025
  • Gujarat Closes Wildlife Sanctuaries and National Parks for Four Months to Protect Breeding Season

    June 13, 2025
  • Isuzu Motors India rolls-out Nationwide I-Care MonsoonService Camp

    June 13, 2025
  • DGCA Had Flagged Safety Lapses to Air India: Former Civil Aviation Official Sanat Kaul

    June 13, 2025
  • IFL Enterprises Limited receives approval to raiseRs. 49.14 crore from Rights Issue; Right IssueOpens for Subscription from June 19, 2025

    June 13, 2025
August 2023
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jul Sep »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.