According to RBI calendar, there are 18 financial institution vacations in August.
Raksha Bandhan 2022 is being celebrated on two days – August 11 and 12. The competition is well known at the complete moon day of Purnima within the month of Shravan as according to the Hindu calendar. The birthday celebration additionally affects the hole of financial institution branches. To make certain that shoppers face least inconvenience, banks regularly divide the times in their ultimate. All the financial institution vacations are determined through the Reserve Bank of India (RBI), which releases an inventory annually to tell shoppers about financial institution closure.
According to
In towns like Ahmedadabad, Bhopal, Dehradun, Jaipur and Shimla, the financial institution branches had been closed on Thursday (August 11) because of Raksha Bandhan.
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There are 18 financial institution vacations in August, together with gala’s in quite a lot of states and Saturdays and Sundays. The RBI notifies vacations underneath 3 classes – the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.
While financial institution branches stay closed on Second and fourth Saturdays, the RBI has made it obligatory for them to stay close on Sundays.
Apart from those vacations, there are a number of regional gala’s together with Ganesh Chaturthi, Janmashtami, Shahenshahi, and Muharram because of which the services and products gets affected in quite a lot of states this month.
On the instance of Independence Day, August 15, banks, around the nation, will stay closed.
The banks around the nation may even stay close on Saturday (August 13) as this can be a 2d Saturday. Therefore, this week, the banks is probably not operational for 3 consecutive days – August 13 (Saturday), August 14 (Sunday) and August 15 (Monday).
Source Link: https://www.ndtv.com/business/bank-holidays-2022-cities-where-banks-will-remain-shut-tomorrow-on-raksha-bandhan-3246339