Banks will be closed for 17 days in August, see full list of Holiday
The month of August is about to begin. Banks will remain closed in most parts of the country, on the first day of this month i.e. August 1. Actually, due to Bakrid on this day, there will be no work in banks.
Speaking of the entire month, banks will remain closed for a total of 17 days. That is to say, check the holiday list once before going to the bank in August. However, let us know how often the banks will be closed in the new month.
Bank Holidays in August 2020
On August 1, banks are closed due to Bakrid, then August 2 is a weekly holiday. At the same time, due to Rakshabandhan on August 3, there will be no work in banks in some parts of the country. That is, banks will remain closed for the first three days of the month.
After this, on August 8, it is the second Saturday of the month. This day is a weekly holiday in banks. At the same time, banks will be closed on Sunday, August 9.
There is a festival of Shri Krishna Janmashtami on 11 and 12 August in different parts of the country. There will be a holiday in banks on this occasion. Banks will remain closed in Imphal zone on 13 August due to Patriot Day.
August 15 is National Independence Day. It is a national holiday. At the same time, there will be no work in banks due to Sunday on August 16. This is to say that on August 15 and 16, that is, banks will remain closed for two consecutive days.
Banks will remain closed in some states on the occasion of Srimanta Sankaradeva on 20 August and Haritalika Teej on 21 August. Similarly, due to Ganesh Chaturthi on August 22, banks will remain closed in most parts of the country.
August 23 is a Sunday. Apart from this, 29 August is the fourth Saturday of the month, which is a weekly holiday for banks. On this day, Karma Puja is also celebrated in some states. At the same time, banks will be closed on Sunday, August 30.
Changes applicable from August 2020
these 5 rules will change, will affect everyone.
Tomorrow is August 1st and many changes are going to take place from tomorrow, which is going to affect you too. If you do digital transactions, then you need to know about this change. If you shop online, then from August 1, you will have a special information about any product.
Let us know which rules are going to change from August 1. If you are going to buy a new car or bike then you can benefit. At the same time, there is a good news for the farmers of the country. There are going to be mainly 5 changes.
Changes in minimum balance:
The rules of minimum balance are going to change in many banks from August 1. Some banks have decided to charge a minimum balance. Customers will be charged after three free transactions. According to media reports, the rules of Bank of Maharashtra, Axis Bank and Kotak Mahindra Bank are going to change. At the same time, some banks can increase the minimum balance limit. That is, if there is less amount in the account than the minimum deposit, the bank will charge penalty.
Car-bikes will be affordable:
Changes in the rules of vehicle insurance will be implemented from 1 August 2020. Changes in auto insurance rules will reduce the price of new car or bike. In fact, the Insurance Regulatory and Development Authority of India (IRDAI) has withdrawn its long-term packaged third party and on-damage policy rules. With this, now it will not be necessary for vehicles to take a third party insurance policy of 3 and 5 years.
Charge for withdrawal from ATM:
If you withdraw money from ATM more than 5 times in a month, then after 5 withdrawals from August 1, every withdrawal will have to be charged. You can withdraw cash from ATM for 5 times in a month. On the other hand, if a debit card is lost or damaged, 200 rupees will have to be paid for the new card. While for a Titanium debit card, you have to pay Rs 250 annually. According to the RBI order, the interest rate on savings accounts will also change from August 1.
Rules will change for e-commerce companies :
In order to promote the Make in India product, from August 1, all e-commerce companies will be required to provide information of the country of origin along with the product on their website. That is, companies have to tell in which country the product is made. However, most companies have started giving this information.
Good news for farmers:
The sixth installment of Kisan Samman Nidhi will start from August 1. From August 1, the government will deposit the sixth installment of 2000 rupees in the bank account of the farmers. The 5th installment of PM Kisan Samman Nidhi was released on 1 April 2020. (Photo: File)