Bank Holidays on Raksha Bandhan: Raksha Bandhan festival will be celebrated across the country on Monday, August 19. 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 bank related work on Monday, then first know whether banks will remain open in your city or not. Let us know where banks are going to be closed on Rakhi.
Banks will remain closed in Madhya Pradesh
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Madhya Pradesh Chief Minister Dr. Mohan Yadav has approved leave to the officers and employees working in the banking sector on the occasion of Raksha Bandhan on August 19 and Shri Krishna Janmashtami on August 26 under the “negotiable instruments act, 1881”. Bank employees’ organizations had demanded from Chief Minister Dr. Yadav to provide leave to the officers and employees of banks to celebrate the festival of Raksha Bandhan and Shri Krishna Janmashtami like other employees of the state.
Banks will remain closed in these states on Rakhi
On Monday, August 19, Rakhi festival will be celebrated across the country. Also, this day is Jhula Purnima and Veer Vikram Kishore Manikya Bahadur’s birthday. Due to this, banks will remain closed in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, Madhya Pradesh and Himachal Pradesh on Monday.
Banks closed in the month of August
August 19 (Monday) – Banks will remain closed in Tripura, Gujarat, Odisha, Uttarakhand, Rajasthan, Uttar Pradesh, Madhya Pradesh and Himachal Pradesh due to Rakshabandhan/Jhula Purnima/Bir Vikram Kishore Manikya Bahadur’s birthday.
August 20 (Tuesday) – Banks will remain closed in Kerala due to Sri Narayan Guru Jayanti.
August 24 – Banks will remain closed due to fourth Saturday.
August 25 – Banks will remain closed due to Sunday.
26 August (Monday) – Banks will remain 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, 19 August. If you are thinking that the stock market will remain 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 remain 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.