Banks across the country will remain closed for over a week including holidays for festivals and Independence Day in August. There will be six holidays in the month of August which include only Saturdays and Sundays. The other three bank holidays in August include Muharram which falls on August 9 (Tuesday), Independence Day on August 15 (Monday), and Janmashtami on August 19 (Friday).
The bank holidays are decided by the Reserve Bank of India (RBI) under four categories Negotiable Instruments Act, Holidays, Real-Time Gross Settlement Holiday, and Banks' Closing of accounts. Apart from the national holidays, banks are also shut on all Sundays along with the second and fourth Saturdays. The banks are also closed according to state-wise festival holidays. Bank holidays are regional and may differ in different states and different lenders. Several bank holidays are decided on region-specific occasions and state-specific festivals.
Days on which banks will observe holidays in August 2022:
•August 1: Drukpa Tshe-zi festival (only Sikkim)
•August 8: Muharram (only Jammu and Kashmir)
•August 9: Muharram (in Agartala, Ahmedabad, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, and Ranchi)
•August 11: Raksha Bandhan
•August 12: Raksha Bandhan
•August 13: Patriots Day (Imphal)
•August 15: Independence Day
•August 16: Parsi New Year (Belapur, Mumbai, and Nagpur)
•August 18: Janmashtami (Bhubaneswar, Dehradun, Kanpur, and Lucknow)
•August 19: Janmashtami
•August 20: Sri Krishna Ashtami (only Hyderabad)
•August 29: Tithi of Srimanta Sankardeva (only Guwahati)
•August 31: Ganesh Chaturthi/Vinayakar Chaturthi (in Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur, and Panaji)