An illuminated view of India Gate ahead of the 78th Independence Day celebrations in New Delhi. Photo: PTI
Banks across India will remain closed today, August 15, in observance of the country’s 78th Independence Day. As per the Reserve Bank of India’s (RBI) annual bank holiday calendar, both public and private banks will remain closed across cities.
However, it is to be noted that despite the closure of physical branches, digital banking services will continue to operate. Customers will continue to be able to access internet banking, mobile banking, NEFT, RTGS and other digital platforms without interruption. ATMs across the country will also be operational, allowing customers to carry out routine transactions such as cash withdrawals and balance enquiries.
Upcoming holidays in August
Looking ahead, banks will observe several more public holidays throughout the remainder of August, with six additional days of closure planned across various regions. These include:
August 18 (Sunday):Weekly vacations.
August 19 (Monday): Raksha Bandhan/Jhulana Purnima/Bir Bikram Kishore Manikya Bahadur’s Birthday; Banks will be closed in states like Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh and Himachal Pradesh.
August 20th (Tuesday):Sree Narayana Guru Jayanthi; Banks will be closed in Kerala.
August 24 (Saturday): Fourth Saturday, regular holiday.
August 25 (Sunday): Weekly vacations.
August 26 (Monday): Janmashtami; Banks will be closed in several states including Gujarat, Odisha, Tamil Nadu, Uttar Pradesh and others.
Stock market operations
Apart from the banking sector, the Indian stock market is also closed for the entire day today. Trading in all segments, including equity, derivatives and commodity markets, is suspended. This includes the morning and evening sessions of the commodity derivatives segment and the electronic gold receipts (EGR) segment on the Bombay Stock Exchange (BSE), as well as trading on the Multi Commodity Exchange of India Limited (MCX).
First published: August 15, 2024 | 8:28 am IS
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