Raksha Bandhan 2023 holds great importance as an annual festival that celebrates the cherished bonds shared among siblings. On this auspicious day, sisters lovingly tie Rakhi around their brothers' wrists, extending their wishes for joy and success. In return, brothers promise unwavering support and care, often accompanied by heartfelt gifts.

This year, Raksha Bandhan falls on the 30th of August. In several cities, banks will observe closures on both the 30th and 31st of August.

In line with the RBI holiday calendar, bank operations will pause on the 30th of August in Jaipur and Shimla. The 31st of August will witness bank closures in Dehradun, Gangtok, Kanpur, Kochi, Lucknow, and Thiruvananthapuram. This is attributed to Raksha Bandhan, Sree Narayana Guru Jayanthi, and Pang-Lhabsol.

The Raksha Bandhan festival coincides with the second extended weekend of August. The sequence comprises August 26th (Saturday), August 27th (Sunday), and August 29th (Tuesday) for Onam (a Restricted Holiday). By taking a day off on August 28th, you can luxuriate in a five-day break.

Raksha Bandhan Muhurat: This year, an air of uncertainty surrounds the observance of the festival on August 30th or 31st due to Bhadra Kaal. The festival aligns with the final day of the Sawan month, synchronized with the radiance of the Full Moon. As per the Drik Panchang, the Bhadra period for Raksha Bandhan concludes at 9:01 pm on August 30th. The Bhadra Poonch phase spans from 5:30 pm to 6:31 pm, succeeded by the Bhadra Mukha interval from 6:31 pm to 8:11 pm. Furthermore, the Poornima Tithi, representing the Full Moon, commences on August 30th at 10:58 am and concludes on August 31st at 7:05 am. As outlined by the Drik Panchang, the auspicious time for the Raksha Bandhan Thread Ceremony is after 9:01 pm.

Imminent Bank Holidays in August:

August hosts a total of fourteen bank holidays, including Sundays and the second and fourth Saturdays. Here is the list of forthcoming bank holidays:

August 26th: Fourth Saturday

August 27th: Sunday

August 28th (First Onam): Bank holiday in Kochi and Thiruvananthapuram

August 29th (Thiruvonam): Bank holiday in Kochi and Thiruvananthapuram

August 30th (Raksha Bandhan): Bank holiday in Jaipur and Shimla

August 31st (Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol): Bank holiday in Dehradun, Gangtok, Kanpur, Kochi, Lucknow, and Thiruvananthapuram.

While physical bank branches will remain closed on these designated days, mobile and internet banking services will continue to function seamlessly. Customers can conveniently conduct transactions through online platforms.

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Raksha Bandhan 2023 Everything You Need to Know About The Festival