Bank Holidays August 2019: Banks are one of the most visited places from the beginning of the week despite the government’s initiative of the digital economy. Though, there are several banking operations which can’t be fulfilled via online and mandatorily require the physical presence of the customers. The number of footfalls in the bank is likely to escalate invariably in a holiday-shortened week. With the onset of Raksha Bandhan week from today, August 12, 2019, it should be noted that banks will remain closed for two days in the Eid al-Adha-Raksha Bandhan-Independence Day week.
Eid al-Adha Bank Holiday (Monday, August 12, 2019)
There is a nation-wide bank holiday on Monday, August 12, 2019, on the account of Eid al-Adha. This year, Eid al-Adha is being celebrated on August 11-12, 2019, across the globe including India. Billions of Muslims celebrate the festival of Eid al-Adha around the world. Eid al-Adha festival began on Sunday, August 11, 2019, and will be celebrated until today (August 12, 2019) evening.
The festival of Eid al-Adha is also known as Bakra Eid during which a large section of people from the Muslim community participates in the annual Hajj Pilgrimage. The date and time of Eid al-Adha festival are subject to the visibility of the moon which is dependent on the respective geographical locations.
Raksha Bandhan-Independence Day Bank Holiday (Thursday, August 15, 2019)
There will also be a bank holiday on Monday, August 15, 2019, primarily, on the account of India’s 73rd Independence Day. Coincidentally, this year, the deep-rooted Indian festival which signifies sibling love — Raksha Bandhan(Rakhi) — is falling along with the Independence Day on Monday, August 15, 2019.
However, banks remain open in some parts of the country if the Raksha Bandhan festival falls on a working day. But this year, there will be a national bank holiday on Raksha Bandhan as it is being celebrated along with India’s 73rd Independence Day — Thursday, August 15, 2019, for which the whole nation marks a country-wide bank holiday.
This Independence Day (August 15, 2019) Jammu & Kashmir will also hoist the tricolour for the first time in history as the government had, earlier last week, revoked special status(Article 370) from the state.