Independence Day 2024: Will stock markets and banks be closed on Independence Day?
Independence Day 2024: The national festival of Independence Day will be celebrated across the country on August 15, i.e. tomorrow, Thursday.
Independence Day 2024: Will stock markets and banks be closed on Independence Day?
Half of the month of August has passed and tomorrow on the 15th August, Independence Day will be celebrated with great pomp across the country. This is a national festival, due to which all government and non-government institutions of the country will remain closed. Banks are also included in this. If you have to settle any important financial work related to banks, then settle it today because tomorrow banks will remain closed across the country. According to the list of holidays of the Reserve Bank of India (RBI), apart from 15th August, there will be many holidays in banks in the next 15 days due to various festivals.
There will be so many days holiday in banks in August
On August 15, all government, private, and rural banks will remain closed on the special occasion of Independence Day. After this, banks will work normally on August 16 and 17. After this, banks will remain closed across the country on August 18 as it is Sunday. On August 19, banks will remain closed in Agartala, Ahmedabad, Bhubaneswar, Dehradun, Jaipur, Kanpur, Lucknow, and Shimla due to Rakshabandhan / Jhulna Purnima / Bir Bikram Kishore Manikya Bahadur's birthday.
Banks will remain closed in Kochi and Thiruvananthapuram on the occasion of Sri Narayan Guru Jayanti on August 20. After this, banks will remain closed on the fourth Saturday, August 24. Banks will remain closed on August 25 as it is Sunday. On August 26, the festival of Shri Krishna Janmashtami will be celebrated across the country. In such a situation, banks will remain closed in Ahmedabad, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Patna, Raipur, Ranchi, Shimla and Shillong on this day.
There are many holidays in banks in the next two weeks. In such a situation, you should go to the bank only after checking the list of Reserve Bank. Due to changing technology, important bank-related work can be done even during holidays. Use ATM to withdraw cash during holidays. You can use net banking or mobile banking to transfer money from one account to another.
Will the stock market also remain closed?
Apart from banks, the stock market will also remain closed on August 15. Independence Day is a national festival. Due to this, there will be no trading on NSE and BSE. In such a situation, equity, equity derivative, SLB, currency derivative and interest derivative markets will also remain closed tomorrow. After this, the market will function normally on Friday. The market will remain closed on Saturday and Sunday due to the weekend.
There will be a holiday in the market on these days in August-
- August 15, 2024 - Stock market will be closed on Independence Day
- August 17, 2024 - Holiday on Saturday
- August 18, 2024 - Holiday on Sunday
- August 24, 2024 - Market will be closed due to Saturday
- August 25, 2024 - Holiday on Sunday
- August 31, 2024 - Market will be closed due to Saturday
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