5 days ago
Banks Closed in 13 Cities on August 28
Banks are not closed everywhere in India on August 28.
They are closed in 13 cities because of local holidays and celebrations.
These include Raksha Bandhan and several regional observances.
Banks are open in 21 of the 34 cities listed by the RBI.
New Delhi and Mumbai are among the cities where banks are open.
People should check with their local branch before visiting.
The NSE and BSE stock exchanges will also remain open.
Other markets, including commodity, debt, and currency markets, will continue operating normally.
Banks are closed in 13 of the 34 cities listed in the RBI Holiday Calendar on August 28.
Banks remain open in New Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad, and 15 other listed cities.
The closures relate to Raksha Bandhan and regional observances including Pang-Lhabsol and Sree Narayana Guru Jayanthi.
Banks are closed in Ahmedabad, Bhopal, Dehradun, Gangtok, Jaipur, Jammu, Kanpur, Kochi, Lucknow, Raipur, Shimla, Srinagar, and Thiruvananthapuram.
The NSE, BSE, MCX, NCDEX, debt markets, and currency markets will operate as usual on Friday.
- Who
- Banks, financial institutions, and Indian stock and commodity exchanges.
- What
- Banks will be closed in 13 listed cities but open in 21 others on August 28; Indian markets will remain operational.
- Where
- Across cities in India, according to the RBI Holiday Calendar.
- When
- August 28, described in the article as Friday.
- Why
- Closures are linked to Raksha Bandhan and regional observances including Pang-Lhabsol, the Friday following Eid-i-Milad-ul-Nabi, Sree Narayana Guru Jayanthi, and Ayyankali Jayanthi.
Key facts
- Total cities listed
- 34
- Cities with bank closures
- 13
- Cities with banks open
- 21
- Banks closed in
- Ahmedabad, Bhopal, Dehradun, Gangtok, Jaipur, Jammu, Kanpur, Kochi, Lucknow, Raipur, Shimla, Srinagar, and Thiruvananthapuram
- Banks open in major cities
- New Delhi, Mumbai, Bengaluru, Chandigarh, Chennai, and Guwahati
- Stock markets
- NSE and BSE will remain open
- Other markets
- MCX, NCDEX, debt markets, and currency markets will operate as usual
Sources
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