Bank Holidays in August 2022: The new month of August has begun, and from Monday, August 1, there will be a new set of bank holidays that will come into effect. There are 18 bank holidays in August, and 1 August is a bank holiday. However, it should be noted that many bank holidays are regional and may vary from state to state and bank to bank. Bank holidays in August have come into force as per the list prepared by the Reserve Bank of India, or RBI.
Six of the 18 bank holidays in August are bank holidays. There are 13 regional holidays whereby lenders in certain regions are closed due to opportunities in those specific regions. Adding these two together, we see that there are 19 bank holidays, noting that one of them is on August 13 – the second Saturday of the month. Therefore, this holiday overlaps, leading to 18 bank holidays in August.
The Reserve Bank of India (RBI) fixes bank holidays every year under three categories, including Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday and Closure of Bank Accounts. Among these, the highest number of holidays is observed under the category of ‘Holidays under Negotiable Instruments Act’. Banks across the country close on August 15, which falls on a Monday this month.
Here is the complete list of bank holidays in August 2022 as per the RBI list (start From August 1, 2022).
List of holidays under Negotiable Instruments Act:
August 1: Drukpa Shizi – Gangtok
August 8: Muharram (Ashura) – Jammu, Srinagar
August 9: Muharram (Ashura) – Agartala, Ahmedabad, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Hyderabad, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur and Ranchi
August 11: Rickshaw Bandhan – Ahmedabad, Bhopal, Dehradun, Jaipur, and Shimla
August 12: Rickshaw Bandhan – Kanpur, and Lucknow
August 13: Patriot’s Day – Imphal
August 15: Independence Day – All over India
August 16: Persian New Year (Imperial) – Belapur, Mumbai, and Nagpur
August 18: Janam Ashtami — Bhubaneswar, Dehradun, Kanpur and Lucknow
August 19: Janam Ashtami (Shravan Vad-8) / Krishna Jayanti — Ahmedabad, Bhopal, Chandigarh, Chennai, Gangtok, Jaipur, Jammu, Patna, Raipur, Ranchi, Shillong and Shimla
August 20: Sri Krishna Ashtami – Hyderabad
August 29: Tithi of Srimanta Sankardeva – Guwahati
August 31: Samvatsari (Chaturthi Paksha) / Ganesh Chaturthi / Varasidhi Vinayaka Varta / Vinayakar Chathurthi — Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur and Panjim
There are also seven holiday weekends, including a clash with Patriot Day, when banks across the country will be closed. They are mentioned below.
List of weekend holidays
August 7: First Sunday
August 13: Second Sunday + Patriot Day
August 14: Second Sunday
August 21: Third Sunday
August 27: Fourth Week
August 28: Fourth Sunday
Thus, if you have any bank related work, you should contact your local branch to confirm bank holidays in August this year as per your area to avoid any hassle.
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