[Updated] Bank Holidays in August 2023 List

Bank Holidays in August 2023 in India: The lenders across all the public and private sectors of India are set to enjoy another month that will be full of holidays as the festive season is kicking in slowly. While there were fewer bank holidays in the last month of July, the list of bank holidays in August 2023 is going to be longer than that as there are as many as 08 holidays in the eighth month of the year, excluding the Saturday and Sunday.

The Reserve Bank of India fixes the Bank Holidays each year under three categories- Holidays under the Negotiable Instruments Act, Real Time Gross Settlement Holiday, and Banks’ Closing of accounts. Check the Bank holidays in August 2023 listed below. Also, find the holidays on weekdays, and weekends.

Bank Holidays in August 2023

Date

Day

Holiday

Location

August 8

Monday

Tendong Lho Rum Faat

Gangtok

August 15

Monday

Independence Day

All Locations

August 16

Tuesday

Parsi New Year (Shahenshahi)

Belapur, Mumbai & Nagpur 

August 18

Thursday

Tithi of Srimanta Sankardeva

Guwahati

August 28

Friday

First Onam

Kochi, Thiruvananthapuram

August 29

Monday

Thiruvonam

Kochi, Thiruvananthapuram

August 30

Tuesday

Raksha Bandhan

Jaipur, Shimla

August 31

Thursday

Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol

Dehradun, Gangtok, Kanpur, Kochi, Lucknow & Thiruvananthapuram

Independence Day: Independence Day is celebrated on August 15 in India to mark the country’s freedom from British rule in 1947. It’s a national holiday filled with patriotic fervour, flag-hoisting ceremonies, cultural events, and reflections on the nation’s journey to independence.

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Parsi New Year: Parsi New Year, also known as Shahenshahi, is celebrated by the Parsi community on August 16. It marks the beginning of the Zoroastrian calendar year and is observed with prayers, festive gatherings, and traditional customs.

Onam: Onam is a vibrant harvest festival celebrated in Kerala, India. It usually falls in August or September. People adorn their homes with colourful floral designs (pookkalam) and enjoy traditional feasts, dance (Pulikali), and boat races (Vallamkali) to commemorate King Mahabali’s return.

Rakshabandhan: Raksha Bandhan is an auspicious Hindu festival celebrated to honour the bond of love between brothers and sisters. Sisters tie decorative bracelets (rakhi) on their brothers’ wrists, and in return, brothers pledge to protect and care for their sisters.

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Bank Holidays in August 2023 on weekends

Date

Day and Holiday

August 6

First Sunday

August 12

Second Saturday 

August 13

Second Sunday

August 20

Third Sunday

August 26

Fourth Saturday

August 27

Fourth Sunday

The list of the holidays along with the days and dates will help you in your bank visits in advance. Even during bank holidays in August 2023, customers need not worry about financial transactions or any banking services. All banking-related facilities, such as IMPS, NEFT, UPI, ATM services, net banking, mobile banking, and other available options, will remain accessible.

Important Days in August 2023: National and International

Categories: Trends
Source: HIS Education

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