Bank holidays in August 2024: Banks to remain closed for 13 days; check state-wise list

2 min read | Updated on August 01, 2024, 12:49 IST

SUMMARY

Bank holidays in August 2024: Banks will be closed for Independence Day, Raksha Bandhan, Sree Narayana Guru Jayanthi, Janmashtami, Ker Puja, Tendog Lho Rum Faat, and Patriot's Day in the month of August.

Bank account holders should plan visits to branches accordingly to avoid any inconvenience.

Bank holidays in August 2024: A total of 13 bank holidays, including Independence Day, will be observed in August 2024, as per the Reserve Bank of India's (RBI's) holiday calendar. The banks will be closed for state and national holidays as well as regular second and fourth Saturdays and all Sundays.

In July, public and private lenders remained closed for Beh Dienkhlam, MHIP Day, Kang, Harela, Drukpa Tshe-zi, Muharram, (Ashura) and U Tirot Sing Day,

Bank holidays in August 2024

Banks will be closed for Ker Puja, Tendog Lho Rum Faat, Patriot's Day, Independence Day, Raksha Bandhan, Sree Narayana Guru Jayanthi and Janmashtami in the month of August.

Bank account holders should plan visits to branches accordingly to avoid any inconvenience. Before heading to a bank, they are advised to check if their state or union territory has notified a holiday.

State-wise list of bank holidays in August 2024

August 3: A bank holiday will be observed in Tripura for Ker Puja.
August 4: Sunday
August 8: Banks will be closed in Sikkim to mark Tendong Lho Rum Faat.
August 10: Second Saturday
August 11: Sunday
August 13: Patriots' Day is an official holiday in Manipur.
August 15: Banks will remain shut nationwide for Independence Day.
August 18: Sunday
August 19: Rakhsa Badha will be observed in states of Gujarat, Tripura, Odisha, Uttarakhand, Uttar Pradesh, Himachal Pradesh and Rajasthan.
August 20: Sree Narayana Guru Jayanthi is a public holiday in Kerala.
August 24: Fourth Saturday
August 25: Sunday
August 26: Banks will remain closed in Odisha, Gujarat, Chandigarh, Uttarakhand, Sikkim, Tamil Nadu, Andhra Pradesh, Rajasthan, Jammu, Uttar Pradesh, Telangana, West Bengal, Chhattisgarh, Bihar, Jharkhand, Meghalaya, Srinagar and Himachal Pradesh for Krishna Jayanti or Janmashtami.

Online banking, ATM and UPI services will remain unaffected on bank holidays.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.

Risk disclosures on derivatives -

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors - https://smartodr.in/login

Bank holidays in August 2024: Banks to remain closed for 13 days; check state-wise list

Bank holidays in August 2024

State-wise list of bank holidays in August 2024

PVR INOX to add 100 screens in 2025 with investment of around ₹200 crore

Raheja Developers gets lifeline: NCLAT limits insolvency to one Gurugram project

GQG Partners, which backed Adani Group after Hindenburg row, reviews $5 billion bet after US charges

Zepto raises $350 million in latest funding round ahead of IPO, many HNIs participate

Family owned businesses more successful?

India's FinTech: A $300 billion opportunity?