Banks in India observe closures on certain festival dates, but the holiday coverage differs by state and city. For Raksha Bandhan on August 28, outlets report that some locations keep branches shut while many others operate normally, with the exact list depending on local observances reflected in the Reserve Bank of India (RBI) holiday calendar. Customers are generally advised to check their state/UT and local branch schedule before visiting in person.

Across the reports, digital banking is expected to remain usable during branch closures. Sources say UPI, mobile banking, internet banking, ATMs, and debit/credit card transactions continue for most routine needs, though some branch-specific services (such as cheque clearance or locker- and account-verification work) may be delayed.

Other coverage on the same theme highlights how the pattern extends beyond Raksha Bandhan. For Janmashtami/Krishna Janmashtami on September 4, multiple outlets list closures in several cities and stress that the holiday does not apply nationwide. They also note that additional festival-related bank holidays occur later in September, along with regular weekly closures—especially the second and fourth Saturdays and Sundays—based on the RBI calendar for each region.