Bank Holidays in August 2022: Full List of Public Holidays When Banks Remain Closed

Here’s a list of all bank holidays that are falling in August 2022.

August marks the beginning of the festive season in India which means that there are going to be a lot of celebrations across the country. This also means that major institutions and banks will be closed on such days. Reserve Bank of India (RBI) has issued the holiday calendar for banks and marks the days on which banks will be closed. Some of these holidays are national while some are specific. Do note that banks are already closed every second and fourth Saturday of every month. These days, one should avoid going to banks for any work. Here’s a list of bank holidays falling in August 2022.

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National Holidays

Banks across India will be closed seven times in August 2022. This is because multiple national holidays fall in August including Muharram, Raksha Bandhan, Independence Day, and much more. Here’s a description of the complete national holidays falling in August 2022.

Aug 9, 2022 – Muharram – It is also known as Id-ul-Zuha or Bakr-Id and is celebrated by the Muslim community across the world. People wear new shoes, clothes and offer gifts to their dear ones on this occasion. A goat is sacrificed on this day.

Aug 11, 2022 – Raksha Bandhan – It is a festival celebrated mostly by people of the Hindu community. On this occasion, a sister ties a rakhi on her brother’s hand as a promise to take care of her and the whole family.

Aug 15, 2022 – Independence Day – August 15, 1947 is the day when India got freedom from British rule. To celebrate this day, August 15 is celebrated as Independence day across the country.

August 18, 2022 – Janmashtami – Janmashtami is celebrated as the birthday of Lord Krishna. The festival is celebrated at midnight as Lord Krishna was born on a rainy night. 

Date Day Festival Celebrated in
9 August 2022 Tuesday Muharram All over India
11 August 2022 Thursday Raksha Bandhan All over India
13 August 2022 Second Saturday Second Saturday All over India
15 August 2022 Monday Independence Day All over India
18 August 2022 Thursday Janmashtami All over India
27 August 2022 Fourth Saturday Fourth Saturday All over India

 

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Regional Holidays

A total of five regional holidays are falling in August 2022 that will be celebrated in a specific region of the country. If you live in the below mentioned states, then there’s a chance that banks in your states will close these days.

August 1, 2022 – Drukpa Tshe-zi – It is celebrated as the anniversary of the first sermon of Lord Buddha. It is celebrated by the Buddhists all over the world and in India, people in Assam celebrate it.

August 16, 2022 – Parsi New Year – This day marks the start of the Iranian calendar and is celebrated by the people in the Parsi community. People celebrating Parsi New Year prepare special and sweet dishes.

August 20, 2022 – Sri Krishna Ashtami – It is another name for Janmashtmi. This is celebrated as the birthday of Lord Krishna but in Hyderabad on that specific day.

August 29, 2022 – Srimanta Sankardeva – Srimanta Sankardeva was a 16th-century saint who brought major reforms to Assam culture. This day is celebrated as his Tithi, the day when he died.

August 31, 2022 – Ganesh Chaturthi – Lord Ganesha is worshipped on this day with a lot of enthusiasm. It is a 10 days celebration and sweets called Modak are prepared. It is celebrated mostly among the Maratha community.

Date Day Festival Celebrated in
1 August 2022 Monday Drukpa Tshe-zi Assam
16 August 2022 Tuesday Parsi New Year Belapur, Mumbai, and Nagpur
20 August 2022 Saturday Sri Krishna Ashtami Hyderabad
29 August 2022 Monday Srimanta Sankardeva Assam
31 August 2022 Wednesday Ganesh Chaturthi Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur and Panaji

 

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FAQs

Who decides the bank holidays and are they applicable to all banks in India?

The Reserve Bank of India (RBI) decides the authority of working days and holidays for all banks in India. Yes, they are applicable to all banks in India.

Are the Saturday bank holidays applicable to all states in India?

Yes, every second and fourth Saturday of every month are bank holidays and this is applicable to each bank across all the states in India.

Is it legal to work on bank holidays in India?

Yes, it is legal to work on bank holidays and your employer can ask you to work extra hours on holidays as per the workload.

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What is the difference between a public holiday and a bank holiday?

Bank holidays are referred to as the holidays when banks and such institutions are closed for the day. Whereas Public Holidays are holidays which are pretty common and apply to each institution, office, school, etc.

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