Banks to remain closed across multiple states for Eid-e-Milad-un-Nabi

Multiple banks across India will remain closed on August 26 in observance of Eid-e-Milad-un-Nabi, according to the RBI's official holiday calendar. The closure applies to select RBI centres under provisions of the Negotiable Instruments Act, which governs bank holidays across the country.

The Reserve Bank of India maintains a comprehensive holiday schedule that includes national holidays, state-specific observances, and religious festivals observed across different regions. August 26 has been notified as a bank holiday at specific centres to accommodate the celebration of Eid-e-Milad-un-Nabi, also known as Mawlid.

Customers and businesses are advised to plan their banking transactions accordingly, as regular banking services including cheque clearance and fund transfers may be affected on the day. While the closure applies to designated RBI centres, the specific states affected have been listed in the RBI's official holiday notification.

Banks typically resume normal operations the following business day. Customers can verify the exact list of branches affected and plan their financial activities in advance to avoid any disruptions.