Bank Holidays for August and September 2023: As per the official holiday calendar issued by the Reserve Bank of India (RBI), banks are scheduled to be closed for a total of eleven days in the upcoming month. It's important to note that these holidays do not include the regular weekends of the second and fourth Saturdays, as well as Sundays. The RBI emphasizes that many of these bank holidays are specific to certain regions and may vary from state to state and from one bank to another.
August 12: Second Saturday August 13: Sunday August 15: Independence Day August 16: Parsi New Year (Shahenshahi) August 18: Tithi of Srimanta Sankardeva August 20: Sunday August 26: Fourth Saturday August 27: Sunday August 28: First Onam August 29: Thiruvonam August 30: Raksha Bandhan August 31: Raksha Bandhan / Sree Narayana Guru Jayanthi / Pang-Lhabsol
In September, various states will observe bank closures in observance of events such as Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji's Birthday, and Eid-i-Milad-ul-Nabi. Listed below are the bank holidays for August, September 2023 under the framework of the Negotiable Instruments Act:
September 6: Sri Krishna Janmashtami September 7: Janmashtami (Shravan Vad-8) / Sri Krishna Ashtami September 18: Varasiddhi Vinayaka Vrata / Vinayaka Chathurthi September 19: Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) September 20: Ganesh Chaturthi (2nd day) / Nuakhai September 22: Sree Narayana Guru Samadhi Day September 23: Maharaja Hari Singh Ji's Birthday September 25: Janmotsav of Srimanta Sankardeva September 27: Milad-i-Sherif (Prophet Muhammed's Birthday) September 28: Eid-E-Milad / Eid-e-Meeladunnabi (Prophet Mohammad's Birthday) (Bara Vafat) September 29: Indrajatra / Friday following Eid-i-Milad-ul-Nabi
Apart from these eleven holidays in September, there will also be seven weekends, which means that banks will be closed for a total of 18 days during the month. Here is the list of weekends for September 2023:
September 3: Sunday September 9: Second Saturday September 10: Second Sunday September 17: Sunday September 23: Fourth Saturday September 24: Sunday
The Reserve Bank of India has categorized the holidays into three groups: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and Banks' Closing of Accounts.
Further, the Reserve Bank of India had announced that there is a window until the end of September to deposit or exchange Rs.2000 banknotes. The RBI's official press release from May 19 states, "The facility for deposit and/or exchange of Rs 2000 banknotes shall be available for members of the public up to September 30, 2023. The facility for exchange of Rs. 2000 banknotes shall be provided by all banks to the public through their branches."
August Bank Holidays: Banking Schedules for August 2023
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