Bank holiday Alert: The Reserve Bank of India (RBI) had earlier issued a list of holidays for banks in August. As per the RBI list of bank holidays, lenders across the country were granted a total of 8 days of leave.
These holidays were based on the various state-wise celebrations, religious events and festivals that took place. Added to this, there were also weekends to consider in the month of August. There was a total of 7 weekend holidays this month in total. This all added up to give banks a total of 15 days off.
As the month has progressed there have been several holidays from the list that have come and gone. With the month nearing the few days before it ends, there are only seven holidays left to celebrate this month for banks. The remaining holidays from the RBI list for this month, come under the classification of ‘Holiday under Negotiable Instruments Act’.
The other classification for the RBI listing are ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. It should be noted that the RBI has not indicated that these other two classifications apply to the current list for the month of August.
Here is the full list of holidays for the month of August 2021, as per RBI mandate:
2) August 22, 2021 – Sunday
3) August 23, 2021 – Sree Narayana Guru Jayanthi (Thiruvananthapuram and Kochi)
4) August 28, 2021 – Fourth Saturday
5) August 29, 2021 – Sunday
6) August 30, 2021 – Janmashtami (Shravan Vad-8)/Krishna Jayanthi (Ahmedabad, Chandigarh, Chennai, Dehradun, Jaipur, Jammu, Kanpur, Lucknow, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Gangtok)
7) August 31, 2021 – Sri Krishna Ashtami (Hyderabad).