New Delhi: If you are planning a visit to the bank on Saturday, August 31, 2024, know that it is not a holiday since this is the 5th Saturday of the month of August. Banks are closed on the 2nd and 4th Saturday of every month, apart from Sundays. Apart from this, there are multiple holidays every month in accordance with the RBI’s calendar. Banks will remain open on the first, third and 5th Saturday of every month.
Will banks offer complete services on Saturday?
Yes, services such as real-time gross settlement, and NEFT will remain open on Saturday, August 31, 2024. Apart from this over the counter services will remain open on Saturday.
Upcoming Bank holidays in September
Banks will remain closed on the following dates in the month of September 2024, according to the RBI calendar:
S.No.
Day
1
Tirubhav Tithi Srimanta Sankardev
2
Ganesh Chaturthi
3
First Onam
4
Eid-i-Milad-un-Nabi
5
Indrajatra/ Id-e-Milad
6
Pang-Lhabsol
7
Friday after Eid-i-Milad
8
Sree Narayana Guru Samadhi Day
9
Maharaja Hari Singh’s birthday
The above holidays will be available in different states across the country. Apart from this, there are five Sundays in September 2024. Banks will also remain closed on September 14 and 28, 2024, the second Saturdays of the month.
RBI and Finance ministry clarify on queer banking
The Reserve Bank of India and the finance ministry’s department of financial services clarified in the week of August 25, 2024, that members of the LGBTQ community are eligible to open joint accounts with their partners and even name them as account nominees in the event of death. The finance ministry cited the Supreme Court’s ruling in Supriya Chakraborty and another vs Union of India, 2023.
RBI warns against fraud in its name
The Reserve Bank of India in a notification warned members of the public regarding tactics such as enticing, intimidation, and fake accreditation used by fraudsters to dupe people in the name of the central bank.
RBI clarified that it does not have any account in an individual, company or trusts’s name to hold any kind of funds. It also does not request money from any individual or entity. The central bank warned the public against any emails, SMSes, or letters received related to lottery wins that carried its name.
Members of the public should ignore any calls or communication soliciting money transfers by claiming to belong to RBI or any government department or agency. The central. bank warned people against sharing their OTP, KYC documents, information of their card, PIN or passwords with anyone. The RBI said people can check the list of entities associated with it on its
Bank Holiday on Saturday: Will banks remain closed on Saturday, August 31, 2024? Check the RBI rules regarding weekly holidays and its larger upcoming list of bank holidays. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
