Bank holidays in August 2021: Banks to remain closed for 15 days, check out the dates

According to the Reserve Bank of India calendar, Private and public sector banks across India will remain closed for eight days in August on account of various festivals and observances. Apart from this, banks will also remain shut on the second and the fourth Saturdays in August and Sundays. Bank holidays in August include various festivals like Ram Navami, Good Friday, Bihu, freedom fighter and Jagjivan Ram’s birth anniversary and the Telugu new year.

However, certain bank holidays are not observed in all the states and they vary as per the specific state or region. Only gazetted holidays are observed by banks all over the country.

RBI categorises bank holidays in India into three categories: Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday and Banks' Closing of Accounts. As a consequence, we will witness a variety of holidays in August as a result of numerous festivals under the Negotiable Instruments Act.

Here is the complete list of bank holidays in August:

August 13: Patriot’s Day

August 16: Parse New Year

August 19: Muharram (Ashoora)

August 20: Muharram/First Onam

August 21: Thiruvonam

August 23: Sree Narayana Guru Jayanthi

August 30: Janmashtami (Shravan Vad-8)/Krishna Jayanthi:

August 31: Sri Krishna Ashtami

The Parse New Year (Shahenshahi) celebrated on August 16, 2021 will also be a bank holiday in Belapur, Mumbai, and Nagpur. There will be a bank holiday on August 19, 2021, in Agartala, Ahmedabad, Belapur, Bhopal, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, Ranchi, and Srinagar due to Muharram (Ashoora).

Apart from the above bank holidays, the second and fourth Saturdays are falling on the following dates:

August 1: Sunday

August 8: Sunday

August 14: Second Saturday

August 15: Sunday

August 22: Sunday

August 28: Fourth Saturday

August 29: Sunday

The bank account holders are advised to plan their transactions accordingly.