Janmashtami 2024 Bank Holiday: Check State-Wise List for August 26 Closures

Janmashtami 2024 bank holiday

Janmashtami 2024 Bank Holiday: Banks in India are very much capable of closing their doors to business on Monday, August, 26 in honour of Janmashtami festival. However, this holiday is not going to be 'dry' across the nation as few of the leading cities are going to remain open even for banking facilities.

From the data given by the RBI, anybody would get an idea that several financial institutions of lots of cities will remain shut this Janmashtami, often called Krishna Jayanthi.

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It was to be in the RBI established categories for the banks to close. As for the bank holidays, the decision of which holidays will be considered in each year in India lies in the Reserve Bank of India.

States and cities where banks will be closed

Some of the cities that will have their banks closed include Gangtok, Hyderabad, Jaipur, Kolkata, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar, Jammu, Lucknow, Kanpur, Ahmadabad, Bhopal, Bhubaneswar, Chennai, Dehra Dun, and Chandigarh.

Both the public and the private sector bank are affected by these closure in the following ways.

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However, it is important to note that there are still many banking sectors which are unscathed and are operational in places such as Mumbai and New Delhi. Apart from this, normal banking operations will continue to be impacted in other states as well namely Maharashtra, Karnataka, Assam, Kerala, and Goa.

States and cities where banks would remain open

However, the RBI has encouraged its customers to contact the branch where they have their accounts to confirm because sometimes the bank holidays differ depending on the region.

Nevertheless, the branches might be closed physically while the customers will be able to continue to perform various transactions online or using applications for mobile devices.

Online banking

ATM services will also remain open thus giving people an opportunity to withdraw their cash during the holidays. However, customers are advised to make an early booking of their banking activities so that they may not be inconveniced in any way.

However, it is important to note that while banks will be closed for this religious holiday, the shares and stock markets, capital, money and commodities are due to open on August 26 as per information on the exchange websites.

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