On Monday, August 26, some states will observe a bank holiday in celebration of Krishna Janmashtami. This holiday falls after the fourth Saturday and Sunday, leading to the closure of banks in specific states. Check details here.
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Bank Holiday Janmashtami 2024: Bank holidays can disrupt regular banking activities, and it is crucial for customers to stay informed about upcoming closures. Starting from Saturday, August 24, 2024, banks in several states will remain closed for three consecutive days. This closure is due to the RBI rules that mandate the closure of banks on the second and fourth Saturdays of the month, as well as on Sundays, national, and regional holidays.
On Monday, August 26, some states will observe a bank holiday in celebration of Krishna Janmashtami. This holiday falls after the fourth Saturday and Sunday, leading to the closure of banks in specific states. Customers residing in Ahmedabad, Bhopal, Bhubaneswar, and other cities should take note of this holiday and plan their banking activities accordingly.
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States where banks will remain closed on Monday, August 26
Banks will be 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.
It is essential for bank customers to check the holiday list of their residing state to avoid any inconvenience. Bank holidays vary across the country based on different state regulations. The annual holiday calendar declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act outlines all bank holidays, restricting transactions involving cheques and promissory notes on these days.
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Online and Mobile Banking Services
While physical bank branches will be closed during holidays, customers can still utilize online and mobile banking services. It is advisable to check for any updates or notifications regarding the availability of these services. Additionally, customers can withdraw cash from bank ATMs, ensuring access to essential banking services even during closures. Stay informed and plan your banking activities accordingly to avoid any inconvenience during these upcoming bank holidays.
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