Banks will remain closed in certain parts of the country on Monday, August 26, 2024, according to the Reserve Bank of India (RBI) guidelines.
Bank holidays differ from state to state, hence customers are best advised to check the holiday list with the nearest bank branch.
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Where will banks be closed?
Banks will remain closed in Ahmedabad, Bhopal, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Hyderabad (Andhra Pradesh and Telangana), Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Patna, Raipur, Ranchi, Shillong, Shimla and Srinagar.
Which services can or cannot be availed?
All online and mobile banking services will however, be available regardless of bank holidays, and customers can also use ATMs as required. It is still advisable though, to check the latest notifications.
However, transactions involving cheques and promissory notes won’t be available during such holidays under provisions of the Negotiable Instruments Act.
What is Janmashtami 2024?
Janmashtami, also known as Krishna Janmashtami is a Hindu festival celebrated to mark the birth of Lord Krishna, the eighth avatar of Vishnu.
This festival usually comes in August as per the Hindu lunar calendar.
Devotees fast, sing devotional songs, and reenact Krishna’s life through ‘Krishna Leela,’ which is a dance drama during the festival, also staying up late on the Janmashtami eve as Lord Krishna was believed to born at midnight.
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Lord Krishna’s idol, as well as temples and homes are decorated with a variety of flowers and colours.
In some parts of India, Dahi Handi is organised to celebrate Lord Krishna’s birth, reflecting Lord Krishna’s love for dairy items.
Banks have a total of seven designated holidays excluding weekends for the month of August.