Bank Holidays 2022: Cities Where Banks Will Remain Shut Tomorrow On Raksha Bandhan
Raksha Bandhan 2022 is being celebrated on two days - August 11 and 12. The festival is celebrated on the full moon day of Purnima in the month of Shravan as per the Hindu calendar. The celebration also impacts the opening of bank branches. To ensure that customers face least inconvenience, banks often divide the days of their closing. All the bank holidays are decided by the Reserve Bank of India (RBI), which releases a list every year to inform customers about bank closure.
According to RBI calendar, bank branches will remain closed on Friday (August 12)Â in Kanpur and Lucknow.
In cities like Ahmedadabad, Bhopal, Dehradun, Jaipur and Shimla, the bank branches were closed on Thursday (August 11) due to Raksha Bandhan.
Also Read | Full List Of Bank Holidays In August
There are 18 bank holidays in August, including festivals in various states and Saturdays and Sundays. The RBI notifies holidays under three categories - the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks' Closing of Accounts.
While bank branches remain closed on Second and fourth Saturdays, the RBI has made it mandatory for them to remain shut on Sundays.
Apart from these holidays, there are several regional festivals including Ganesh Chaturthi, Janmashtami, Shahenshahi, and Muharram due to which the services will get affected in various states this month.
On the occasion of Independence Day, August 15, banks, across the country, will remain closed.
The banks across the country will also remain shut on Saturday (August 13) as it is a second Saturday. Therefore, this week, the banks will not be operational for three consecutive days - August 13 (Saturday), August 14 (Sunday) and August 15 (Monday).
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.