Bank Holidays on Raksha Bandhan: Raksha Bandhan festival will be celebrated across the country on Monday, 19 August. There is a government holiday in many states on this day. At the same time, offices will remain open in many states. If you have to settle any banking work on Monday, then first know whether the banks will remain open in your city or not. Let us know where the banks will remain closed on Rakhi.
Banks will remain closed in Madhya Pradesh
Madhya Pradesh Chief Minister Dr. Mohan Yadav has approved leave for officers and employees working in the banking sector under the “Negotiable Instruments Act, 1881” on the occasion of Rakshabandhan on 19 August and Shri Krishna Janmashtami on 26 August. Bank employees’ organizations had demanded from Chief Minister Dr. Yadav to provide leave to officers and employees of banks to celebrate the festivals of Rakshabandhan and Shri Krishna Janmashtami like other employees of the state.
Banks will remain closed in these states on Rakhi
Rakhi festival will be celebrated across the country on Monday, 19 August. Also, this day is Jhula Purnima and the birthday of Veer Vikram Kishore Manikya Bahadur. Due to this, banks will remain closed in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, Madhya Pradesh and Himachal Pradesh on Monday.
bank holidays in august month
- August 19 (Monday) – Banks will remain closed in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, Madhya Pradesh and Himachal Pradesh on account of Raksha Bandhan/Jhula Purnima/Bir Vikram Kishore Manikya Bahadur Birthday.
- August 20 (Tuesday) – Banks will remain closed in Kerala on account of Sree Narayana Guru Jayanti.
- August 24 – Banks will remain closed due to fourth Saturday.
- 25th August – Banks will remain closed on Sunday.
- August 26 (Monday) – Banks will be closed in Gujarat, Odisha, Chandigarh, Tamil Nadu, Uttarakhand, Sikkim, Andhra Pradesh, Telangana, Rajasthan, Jammu, Uttar Pradesh, West Bengal, Bihar, Chhattisgarh, Madhya Pradesh, Jharkhand, Meghalaya, Himachal Pradesh and Srinagar due to Janmashtami (Shravan Vad-8)/Krishna Jayanti.
Will the stock market remain closed?
The festival of Rakshabandhan will be celebrated across the country on Monday, August 19. If you are thinking that the stock market will be closed on Rakhi, then it is not so. The stock market will remain open on the day of Rakshabandhan. Both Bombay Stock Exchange and National Stock Exchange will remain open on Rakhi day. You will be able to buy and sell shares on this day as on normal days. Trading will be open on this day in all segments including equity, derivatives, securities lending and Boroind (SLB). Apart from this, trading will also continue in currency and interest rate derivatives segments.
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