In observance of Ganesh Chaturthi, banks in key Indian cities will remain closed on Wednesday, August 27. India’s equity and commodity markets will also remain closed. This marks a significant mid-week holiday affecting physical banking services across several states.
Key states where banks are closed on August 27
According to the Reserve Bank of India (RBI) holiday calendar, banks will be closed in Ahmedabad (Gujarat), Belapur, Mumbai, Nagpur (Maharashtra), Bengaluru (Karnataka), Bhubaneswar (Odisha), Chennai (Tamil Nadu), Hyderabad (Telangana), Panaji (Goa) and Vijayawada (Andhra Pradesh).
Banks in the other part of the region will remain open.
Digital services remain unaffected
While bank branches will stay shut on these days, customers can continue to access digital banking services including UPI, net-banking, NEFT, RTGS, mobile apps and ATMs as usual.
Bank holiday on account of Ganesh Chaturthi
Ganesh Chaturthi, one of India’s major Hindu festivals, is not declared a national holiday. However, it is designated as a public holiday in states such as Maharashtra, Gujarat, Karnataka, Odisha, Telangana, Tamil Nadu, Goa, and Andhra Pradesh, where cultural observance is widespread. Banks will stay shut for 1 days in most of these states.
The customers are advised to plan essential banking activities in advance. However, online and mobile banking channels will remain functional, but branch-level services will be unavailable.
According to the RBI’s annual calendar, banks across India will remain closed for at least 25 days, including routine holidays on Sundays and the second and fourth Saturdays. The other upcoming bank holidays include the routine closure on Sunday and August 28, when banks will remain shut for a harvest festival, Nuakhai. However, these holidays will apply only in Bhubaneswar, Odisha, and Panaji, Goa.