
Bank Holiday: The Reserve Bank of India (RBI) has notified a set of bank holidays under the provisions of the Negotiable Instruments Act between August 18 and August 25. The customers must note that the banking operations in some parts of the country will remain suspended due to state-specific festivals weekend closures and regular Sunday offs. It is important to note that the banks across the country will remain shut on 23 August (Saturday) which marks the fourth Saturday of the month. This will be followed by the routine Sunday holiday on 24 August when banks nationwide will remain closed. Bank Holidays: All You Need To Know On 19 August (Tuesday) banks in Agartala Tripura will remain closed in honour of the birthday of Maharaja Bir Bikram Kishore Manikya Bahadur Although branch counters will not be functional on these dates most essential financial services remain accessible. Customers can continue to withdraw cash from the ATMs Online and mobile banking facilities will operate as usual unless a rare technical disruption is announced by individual banks. Payment platforms such as UPI and net banking also remain unaffected Fund transfers bill payments and other digital transactions can be completed seamlessly. Notably the list of holidays in banks is drawn up annually by the RBI under the Negotiable Instruments Act which governs the use of cheques bills of exchange and promissory notes. On such holidays physical processing of these instruments cannot take place making branch closures necessary.
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