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Bank Holiday Today: Are Banks Open Or Closed On August 28 For Raksha Bandhan? Check State-Wise Details
NDTV Profit 2d ago·28 Aug 2026, 1:41 am
Raksha Bandhan, a major festival in India, falls on August 28, 2024. Banks across the country will remain closed on this day to observe the holiday. However, the specific closure can vary by state due to local observances. For instance, while many states observe a full holiday, others may have a half-day closure or remain open. This is crucial for investors who need to manage their transactions, deposits, or withdrawals.
For retail investors, this closure means that online banking and mobile transactions will likely function normally, but physical branches will be inaccessible. If you have any urgent banking tasks, it is advisable to complete them before the holiday. Investors should also be aware that stock market trading will remain suspended on this day, so there will be no trading activity in equity, derivatives, or mutual funds.
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