Bank Holiday on Independence Day on Aug 15: It’s a long weekend for bank employees with bank outlets remaining closed for three consecutive days this mid-August, from August 15 (Friday) through August 17 (Sunday).
Bank holidays on August 15,16 and 17
On August 15, the nation will celebrate Independence Day, a national holiday that commemorates India’s freedom from British colonial rule. On this day, banks across the nation will be closed.
On August 16, many states will observe Janmashtami which is celebrated to mark the birth of Lord Krishna. This might lead to additional closures of several regional branches. According to the official holiday calendar maintained by the Reserve Bank of India, it will be observed in Ahmedabad, Aizawl, Bhopal, Chandigarh, Chennai, Dehradun, Gangtok, Hyderabad, Jaipur, Jammu, Kanpur, Lucknow, Patna, Raipur, Ranchi, Shillong, Srinagar and Vijayawada.
This will be followed by August 17 which is a Sunday, a regular weekly holiday for all banks.
Banks remain closed on all Sundays and the designated second and fourth Saturdays. For August, this will account for approximately seven days of closures. In addition, banks will be closed on seven more days due to major festivals such as Raksha Bandhan/Jhulana Purnima, Independence Day/Parsi New Year (Shahenshahi), Janmashtami, Krishna Jayanthi, Ganesh Chaturthi, among others.
In the month of August, banks across India will remain closed for 15 days, depending on the state and regional calendar.
What banking services will remain available?
Bank outlets will remain closed in most major cities (as listed above) on August 15, 16 and 17. Customers will however be able to use online services and ATMs during this time. Internet and mobile banking, along with various banking and investment apps, will continue to function unless a bank issues a specific notice about maintenance or technical problems.
National holidays do not have any impact on online or mobile banking services. Bank websites, banking apps, UPI, and ATM services operate year-round without interruption.