Indian banks to remain closed on these days next week
What's the story
Public and private sector banks across India will observe several holidays next week. The Reserve Bank of India's (RBI) holiday calendar indicates that banks will remain closed on all Sundays and every second and fourth Saturday of each month. Next week, three regional holidays are scheduled between August 24 and 30.
Holiday details
Regional holidays for Id-E-Milad celebrations
The regional holidays next week are on August 25, 26, and 28.
On August 25, banks in Andhra Pradesh and Kerala will remain closed for Milad-Un-Nabi or Milad-i-Sherif (Birthday of Prophet Muhammed) celebrations.
The next day, several states including Maharashtra, Karnataka, Madhya Pradesh among others will observe a holiday for Id-E-Milad celebrations.
Upcoming holidays
Raksha Bandhan on August 28
On August 28, banks in Gujarat, Madhya Pradesh, and Uttarakhand, among others, will remain closed for the Raksha Bandhan festival.
The following Sunday (August 30) is also a holiday as it's a weekend.
Despite these closures, digital banking services such as NEFT, RTGS, internet banking and mobile banking will remain functional throughout the week.
Operational hours
Bank timings and digital services
Bank timings vary from branch to branch and between private and public sector banks.
However, most of them start public dealing operations at 10:00am and close access to in-branch services at 4:00pm on all working days.
Even on holidays, digital banking channels such as NEFT, RTGS, internet banking, mobile banking, UPI services and ATMs continue to operate normally so that customers can carry out essential online banking transactions without disruption.