Bank holidays in August 2024: Plan ahead for financial transactions

Bank holidays are special days when banks are closed to the public, providing a day off for employees to relax or spend time with family. For customers, these holidays mean planning financial transactions ahead of time to avoid inconvenience. In India, bank holidays can vary significantly from state to state due to local festivals and regional observances.

While some national bank holidays are observed throughout India, many holidays vary from state to state. Now that July is over, the festival season is starting in August. Banks will remain closed for 13 days in August this year. This includes Sundays and the second and fourth Saturdays. If you’re planning to visit the bank for any work next month, make sure to check out the list of holidays.

Bank Holidays in August 2024

• August 3: Banks will remain closed in Agartala on the occasion of Ker Puja

• August 4: Sunday

• August 8: Banks remain closed in Gangtok due to Tendong Lo Rum crackdown.

• August 10: Second Saturday

• August 11: Sunday

• August 13: Banks will remain closed in Imphal on the occasion of Patriot’s Day.

• 15th August: Independence Day

• August 18: Sunday

• August 19: Rakshabandhan

• August 20: Banks will remain closed in Kerala on the occasion of Shri Narayan Guru Jayanti.

• August 24: Fourth Saturday

• August 25: Sunday

• 26th August: Birth of Shri Krishna

Managing Financial Transactions During Bank Holidays

Customers often face problems due to constant bank holidays. However, there are several ways to manage your finances even when banks are closed:

ATMs: You can withdraw cash anytime.

UPI: Transfer money between accounts instantly.

Net Banking: Available 24/7 for various banking transactions.

Mobile Banking: Use your bank’s mobile app for transactions.

Online Banking: Access through the bank’s website for a wide range of services.

Important Tips

Plan Ahead: Check the bank holiday schedule in your state and plan your visits accordingly.

Utilize Digital Services: Make the most of digital banking services to avoid disruptions.

Emergency Funds: Keep some emergency cash handy for times when ATMs might be crowded or out of service.

By staying informed and planning ahead, you can ensure that your financial needs are met smoothly, even during the busy festival season.