New Delhi: The last Saturday before ITR filing 2024 deadline, July 27, 2024, also makes for the last Saturday of the month of July. According to RBI rules, banks are closed on the 2nd and 4th Saturdays of a month. Since July 27, 2024, is the last Saturday of the month, banks will remain closed. This is likely to hamper any plans that taxpayers may have related to ITR filing.
If you are planning to secure Form 16A or interest certificates, this may not be possible on Saturday, July 27, 2024. However, you can download the account statement online via netbanking. Tax payments can be made on Saturday using RTGS and NEFT.
Upcoming Bank Holidays in August
Month
Occasion
Place
August 3*
Ker Puja
Agartala
August 8*
Tendong Lho Rum Faat
Gangtok
August 13*
Patriot’s Day
Imphal
August 15*
Independence Day/Parsi New Year (Shahenshahi)
Pan-India
August 19*
Raksha Bandhan/Jhulana Purnima/Birthday of Bir Bikram Kishore Manikya Bahadur
Agartala, Ahmedabad, Bhubaneswar, Dehradun, Jaipur, Kanpur, Lucknow, Shimla
August 20*
Sree Narayana Guru Jayanthi
Kochi, Thiruvananthapuram
August 26*
Janmashtami (Shravan Vad-8)/Krishna Jayanthi
Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar, Kolkata, Lucknow, Jaipur, Jammu, Kanpur, Hyderabad, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Guwahati, and Ahmedabad
Banks will also remain closed on August 7 and 14, 2024, since these are the 2nd and 4th Saturdays of the month. Apart from these dates, public and private sector banks will remain closed on 4 Sundays in August on the: 4th, 11th, 18th, and 25th. This takes the total holiday count in August to 13 days, which means banks will only remain open for 17 days in August 2024.
Types of holidays according to RBI
According to RBI rules, the following payments services are available on Saturday, July 27, 2024:
Real Time Gross Settlement
National Electronic Fund Transfer
Cheque Clearing operated by various Bankers’ Clearing Houses and Cheque Truncation System
Electronic Clearing Service
Regional Electronic Clearing Service
National Electronic Clearing Service
RBI divides holidays into 3 categories:
Holiday under the Negotiable Instruments Act
Negotiable Instruments Act and Real Times Gross Settlement Holiday
Banks’ Closing of Accounts
Bank holidays are divided into 3 categories as per RBI regulations. Banks are closed on the 2nd and 4th Saturday of the month. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
