With the festival of Raksha Bandhan approaching, many people are wondering if banks will be closed on that day. If you have any important banking work to do, it's important to know about holidays in advance to avoid any hassles later. Bank holidays for Raksha Bandhan may vary by state and city. According to the Reserve Bank of India's holiday list, bank holidays are determined based on the festivals celebrated in each state.

Will banks be closed on August 28?

This year, Raksha Bandhan will be celebrated on August 28, 2026. Banks may be closed in many states on this day, while in others they will remain open as usual. Therefore, it's best to check the holiday status in your city or state before visiting the bank.

In which states will there be a holiday?

Raksha Bandhan is a major Hindu festival and is a bank holiday in many states. However, the holiday is determined based on local festivals and the state government's holiday list; therefore, the holiday is not the same across all states.

What to do if banks are closed?

While banks may be closed for Rakshabandhan, customers' essential services will remain uninterrupted. Services such as online banking, mobile banking, UPI, ATMs, and net banking will remain operational as usual. Customers will be able to transfer money, pay bills, and access other digital services.

What to do before going to the bank?

If you need to deposit cash, process checks, process loans, or handle any important business at a bank branch, it's best to complete these tasks before the holidays. This will ensure you don't face any problems during the festival.

PC:Samachar Jagat