Bank Holidays On Raksha Bandhan 2024: Will bank Be Closed On Rakhi?

Banks in several cities will be closed on Monday, August 19, in observance of Raksha Bandhan. This festival, celebrated across the country, honors the special bond between siblings, where sisters apply tilak on their brothers' foreheads and tie a sacred thread, known as Rakhi, on their wrists.

Both public and private sector banks will be closed in cities that observe this holiday, according to the annual bank holiday calendar released by the Reserve Bank of India (RBI).

However, while physical bank branches will be closed on Monday, digital banking services such as internet banking, mobile banking, WhatsApp banking, NEFT, and RTGS will remain operational.

The RBI's holiday list varies by state, so customers are advised to check the specific holiday schedule before planning a visit to their bank branch.

Banks will be closed for nearly six days across different cities in the remaining 15 days of the month. Here's the complete list of holidays:

August Bank Holidays in 2024

August 18 - Sunday

August 19 (Monday) - Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur; Banks will remain shut in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh and Himachal Pradesh.

August 20 (Tuesday)- Sree Narayana Guru Jayanthi; Banks will remain shut in Kerala.

August 24 - Fourth Saturday

August 25 - Sunday

August 26 (Monday) - Janmashtami (Shravan Vad-8)/Krishna Jayanthi; Banks will remain shut in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Srinagar, Uttar Pradesh, Bengal, Bihar, Chhattisgarh, Jharkhand, Meghalaya and Himachal Pradesh.