Is it a bank holiday on Tuesday for 77th Independence Day?

In August 2023, banks will be closed for 14 days across various including Sundays, second and fourth Saturday. All public and private banks in India are closed on August 15 in observance of the country’s Independence Day. According to the RBI holiday list, all banks will be closed on August 15.Banks are closed on Second Saturday, i.e., August 12, and Sunday, August 13. August 14, Monday, will be a working day.Many bank holidays differ from region to region and from bank to bank.State-wise holidays include Tendong Lho Rum Faat, Independence Day, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam, Raksha Bandhan, Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol.

Bank holidays in August 2023

August 15 (Tuesday) – Independence day
August 16 (Wednesday)- Parsi New Year (Shahenshahi)- Banks are closed in Maharashtra.
August 18 ( Friday)- Tithi of Srimanta Sankardeva- Banks are closed in Assam
August 28 (Monday)- First Onam- Banks are closed in Kerala
August 29 (Tuesday)- Thiruvonam- Banks are closed in Kerala.
August 30- (Wednesday)- Raksha Bandhan- Banks are closed in Rajasthan, Himachal Pradesh.
August 31- (Thursday)- Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol- Banks are closed in Uttarakhand, Assam, Kerala, Uttar Pradesh.

Source: RBI website

The Bank holidays have been designated by the RBI as follows: Holiday under the Negotiable Instruments Act; Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.

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