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RBI (Reserve Bank of India) like every year has released a list of bank holidays in India for this year too. The RBI via this list informs the users about all the public, state-wise, regional and other bank holidays in India. Also as per the guidelines, it is to be noted that all the banks operating in India will remain closed on the 2nd and 4th Saturdays and all Sundays of every month. Given below is the complete list of bank holidays in August 2020.
Following is a list of bank holidays in August 2020:
| Date | Day | Holiday Description | Regional Office |
| 1st August, 2020 | Saturday | Bakri ID (Id-Ul-Zuha) / RTGS Holiday | All regional offices except Chandigarh, Gangtok, Kochi, Panaji, Thiruvananthapuram |
| 3rd August, 2020 | Monday | Raksha Bandhan | Ahmedabad, Dehradun, Jaipur, Kanpur, Lucknow |
| 11th August, 2020 | Tuesday | Sri Krishna Janmastami | Bhubaneswar, Chennai, Hyderabad, Patna |
| 12th August, 2020 | Wednesday | Janmashtami | Ahmedabad, Bhopal, Chandigarh, Dehradun, Jaipur, Jammu, Kanpur, Lucknow, Raipur, Ranchi, Shillong, Shimla, Sirnagar |
| 13th August, 2020 | Thursday | Patriot’s Day | Imphal |
| 15th August, 2020 | Saturday | Independence Day / RTGS Holiday | All regional offices |
| 20th August, 2020 | Thursday | Tithi of Srimanta Sankardeva | Guwahati |
| 21st August, 2020 | Friday | Teej (Haritalika) | Gangtok |
| 22nd August, 2020* | Saturday | Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) / Vinayakar Chathurthi | Ahmedabad, Belapur, Chennai, Hyderabad, Mumbai, Nagpur, Panaji |
| 29th August, 2020 | Saturday | Karma Puja / Ashoora | Jammu, Ranchi, Srinagar |
| 31st August, 2020 | Monday | Indrajatra / Thiruvonam | Gangtok, Kochi, Thiruvananthapuram |
*22nd August, 2020 (4th Saturday) is observed as a bank holiday as well as RTGS holiday and will remain non-operational in all regional offices in addition to the above mentioned regions
Note: In addition to the above mentioned holidays, the 2nd and 4th Saturdays and all Sundays in a month are bank holidays, as provided by the RBI.
Following the guidelines of the RBI, all banks in India observe holidays on 2nd and 4th Saturdays and all Sundays of every month. The banks however remain open on 1st, 3rd and 5th Saturdays unless it is not observed as a public or other restricted holiday. Mentioned below is the list of bank holidays on Saturdays in August 2020.
| Date | Holiday Description | Regional Office |
| 8th August, 2020 | 2nd Saturday | All regional offices |
| 15th August, 2020 | Independence Day (3rd Saturday) | All regional offices |
| 22nd August, 2020* | Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) / Vinayakar Chathurthi (4th Saturday) | Ahmedabad, Belapur, Chennai, Hyderabad, Mumbai, Nagpur, Panaji |
| 29th August, 2020 | Karma Puja / Ashoora (5th Saturday) | Jammu, Ranchi, Srinagar |
Note: 22nd August, 2020 (4th Saturday) is observed as a bank holiday as well as RTGS holiday and will remain non-operational in all regional offices in addition to the above mentioned regions.
NEFT (National Electronic Fund Transfer) is a payment service for funds transfer from one bank account to another. The Reserve Bank of India (RBI) has now made the NEFT service available for 24×7, 365 days (including bank holidays). The funds via NEFT are settled in half-hourly batches starting from 12:30 am to 12:00 pm.
RTGS (Real-Time Gross Settlement) is a payment service via which the funds are credited in the beneficiary’s account in real-time and on gross basis. Also, as per the guidelines of the RBI, the 2nd and 4th Saturdays and all Sundays of every month are observed as RTGS holidays. Following is the list of RTGS holidays in August 2020.
| RTGS Holidays in August 2020 | |
| Date | Holiday Description |
| 1st August, 2020 | Bakri ID (Id-Ul-Zuha) |
| 2nd August, 2020 | Sunday |
| 8th August, 2020 | 2nd Saturday |
| 9th August, 2020 | Sunday |
| 15th August, 2020 | Independence Day |
| 16th August, 2020 | Sunday |
| 22nd August, 2020 | 4th Saturday / Ganesh Chaturthi / Samvatsari (Chaturthi Paksha) / Vinayakar Chathurthi |
| 23rd August, 2020 | Sunday |
| 30th August, 2020 | Sunday |
For facilitating financial transactions and for using other banking services on bank holidays, the user can choose from any of the below mentioned services. Customers can use NEFT, IMPS, UPI, ATM services, digital banking service and much more on bank holidays.
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