The Reserve Bank of India (RBI) has announced the bank holidays for August 2024, with a total of 13 days when banks will be closed. This includes national holidays, state-specific holidays, and the usual weekly closures on the second and fourth Saturdays and all Sundays. Understanding these holidays is crucial for planning any necessary banking activities to avoid any inconvenience. In this blog, we will provide a detailed breakdown of the national and state-specific holidays, helping you to manage your banking needs efficiently.
Real-Time Gross Settlement (RTGS) Holiday: RTGS transfer is available 24/7, 365 days a year, including weekends and public or bank holidays.
Banks’ Closing of Accounts Holiday: Banks will be closed on Sundays, second and fourth Saturdays, and national and regional holidays.
Holidays Under the Negotiable Instruments Act: These holidays apply only to government departments, banks, insurance, and other financial undertakings.
