Banks to Remain Shut in Multiple States for Raksha Bandhan on August 28

Bank holidays declared for Raksha Bandhan will affect operations across India on August 28, 2026, with the festival falling on a Friday this year. The Reserve Bank of India's holiday calendar confirms closures in multiple states and union territories, though the extent of disruption varies by region.

Several states have officially announced bank holidays for the occasion, which marks the traditional celebration of sibling bonds. This includes closures across major financial hubs, though some states may observe the holiday on alternative dates depending on local customs and regional calendars. Customers should verify the status with their respective branches, as holiday observances can differ between public and private sector banks in certain regions.

The August 28 closures fall on a weekday, distinguishing this year's Raksha Bandhan from instances when the festival coincides with weekends. State-wise holiday lists have been circulated by banking authorities, allowing customers to plan significant transactions in advance. Essential banking services may remain available through digital channels and ATMs despite branch closures.

Financial institutions have recommended that customers complete time-sensitive operations before the holiday period. The varying holiday schedules across states underscore the importance of checking with individual banks regarding their specific closure policies. Most major banks have published comprehensive state-wise holiday schedules on their official websites and mobile applications for customer reference.