The Reserve Bank of India had released its list of mandated bank holidays earlier for the month of August. According to the list, there were a total of 8 holidays listed as per the RBI. In addition to this, there were also the weekends to consider i.e., Sundays as well as Second and Fourth Saturdays. With that in mind, the list of holidays for lenders this month grew to 15 days in total. With the passing of the first week of August, that list has shrunk down to 12 holidays, including weekends. The leaves listed by the apex bank are either state-wise holidays, religious leaves or festivals.
They are not uniform across India and hence are sparsely spread out, regardless of the dates they take place on. Geographically, this is an advantage for bank customers planning their next business trip to their respective banks. The RBI has issued these holidays under three broad brackets –‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday’ or ‘Banks’ Closing of Accounts’.
The holidays for the month of August come under the ‘Holiday under Negotiable Instruments Act’ section. Though the official list of leaves as per the RBI’s list only begins for lenders from tomorrow, the lenders have witnessed some holidays come and go in the form of holidays. Since the month of August began, there have been two Sundays that have come and gone. Additionally, the first leave on the official RBI list took place on Friday leaving the final tally of the holiday list at 12 days now.
August 13, which is the first on the long list, is Patriot’s Day and it will only be a bank holiday in Imphal. Similarly, the majority of these holidays are state-wise or region-wise as they are not celebrated commonly across India on the same day. This will come as a little relief for those looking to plan their banking business in the near future. Other than Sundays as well as second/fourth Saturdays, there are only two other holidays that are celebrated by a bulk of states or cities.
One such leave is August 19, 2021 – Muharram (Ashoora). This holiday will be an off for lenders in Agartala, Ahmedabad, Belapur, Bhopal, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, Ranchi and Srinagar.
The other holiday that is celebrated by a vast majority on the same day is Janmashtami (Shravan Vad-8)/Krishna Jayanthi, which falls on August 30, 2021. This holiday will be celebrated by banks in Ahmedabad, Chandigarh, Chennai, Dehradun, Jaipur, Jammu, Kanpur, Lucknow, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Gangtok. Having said that, plan your next business trip to the bank carefully based on the date and your respective location.
Here is the full list of holidays for the month of August 2021, as per RBI mandate: (Counting from August 14 onwards)
1) August 14, 2021 – Second Saturday
2) August 15, 2021 – Sunday
3) August 16, 2021 – Parse New Year (Shahenshahi) / (Belapur, Mumbai and Nagpur)
4) August 19, 2021 – Muharram (Ashoora) / (Agartala, Ahmedabad, Belapur, Bhopal, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, Ranchi and Srinagar)
5) August 20, 2021 – Muharram/First Onam (Bengaluru, Chennai, Kochi and Thiruvananthapuram)
6) August 21, 2021 – Thiruvonam (Thiruvananthapuram and Kochi)
7) August 22, 2021 – Sunday
8) August 23, 2021 – Sree Narayana Guru Jayanthi (Thiruvananthapuram and Kochi)
9) August 28, 2021 – Fourth Saturday
10) August 29, 2021 – Sunday
11) August 30, 2021 – Janmashtami (Shravan Vad-8)/Krishna Jayanthi (Ahmedabad, Chandigarh, Chennai, Dehradun, Jaipur, Jammu, Kanpur, Lucknow, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Gangtok)
12) August 31, 2021 – Sri Krishna Ashtami (Hyderabad)
Read all the Latest News, Breaking News and Special: Live-updating IPL 2022 auction tally | IPL Mega Auction Live Updates here.
Comments
0 comment