Many banks across India will be shutting their doors on Monday, August 26, to celebrate the Janmashtami festival. However, the holiday will not be celebrated uniformly across the country as several major cities will keep their banking services operational.
According to the latest information from the Reserve Bank of India (RBI), financial institutions in many cities will remain closed to celebrate Janmashtami, also known as Krishna Jayanthi. The festival falls under the categories recognised by the RBI for closure of banks. Reserve Bank of India (RBI) oversees the determination of bank holidays.
List of states and cities where banks will remain closed during Janmashtami
Notable cities where banks will be closed include Lucknow, Kanpur, Ahmedabad, Bhopal, Bhubaneswar, Chennai, Dehradun, Gangtok, HyderabadJaipur, Kolkata, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar, Jammu and Chandigarh. This closure affects both public and private sector banks in these regions.
List of states and cities where banks would remain open
However, it is important to note that banks in key financial centres like Mumbai and New Delhi will continue to operate as normal. Also, states like Maharashtra, Karnataka, AssamKerala and Goa will have normal banking operations on this day.
He Reserve Bank of India The bank has advised customers to check with their local branches for specific details as bank holidays may vary by state due to regional considerations. Despite the closure of physical branches, online and mobile banking services are expected to remain operational, allowing customers to conduct various transactions remotely.
Online banking and other services
ATMs will also continue to operate, ensuring access to cash withdrawals during the holiday. However, customers are advised to plan their banking activities in advance to avoid potential inconveniences.
While banks are celebrating this religious holiday, it is worth noting that capital, money and commodity markets are scheduled to function normally on August 26, according to information from the respective exchange websites.
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