Is it a bank holiday today in Maharashtra for Parsi New Year?

Banks are closed in Maharashtra on August 16 on the occasion of Parsi New Year (Shahenshahi), according to the RBI bank holiday list. The Indian forex and money markets are also closed. Money market trading will resume on Thursday, August 17.In Maharashtra, banks will work only for remaining three days as banks witnessed two back to back holidays on August 15, and 16.Banks across India were closed on August 15 on the occasion of the 77th Independence Day.

In August, state-wise holidays include Tendong Lho Rum Faat, Independence Day, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam, Raksha Bandhan, Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol.

According to the Reserve Bank of India’s (RBI) holiday schedule, all commercial and public sector banks across different states will be closed for 14 days in August 2023.

August 16 (Wednesday)- Parsi New Year (Shahenshahi)- Banks are closed in Maharashtra.
August 18 ( Friday)- Tithi of Srimanta Sankardeva- Banks are closed in Assam
August 28 (Monday)- First Onam- Banks are closed in Kerala
August 29 (Tuesday)- Thiruvonam- Banks are closed in Kerala.
August 30- (Wednesday)- Raksha Bandhan- Banks are closed in Rajasthan, Himachal Pradesh.
August 31- (Thursday)- Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol- Banks are closed in Uttarakhand, Assam, Kerala, Uttar Pradesh.

The Bank holidays have been designated by the RBI as follows: Holiday under the Negotiable Instruments Act; Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.

Most banking transactions, including financial and non-financial, can be completed through net banking, mobile banking, or Whatsapp banking. You should ensure that you have enrolled for these services in order to access banking services while on the go.