📷 Image: Wikimedia Commons / Gauravyawalkar.2012
Business
Bank Holiday on 26 Aug: Uncertainty Over SBI, HDFC Operations on Eid-e-Milad-un-Nabi
✍️ Livemint
🗓 26 Aug 2026, 05:17 AM
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A bank holiday has been declared for 26 August, prompting questions about whether major banks such as SBI and HDFC will stay open on the upcoming Eid-e-Milad-un-Nabi.
The Reserve Bank of India has announced a bank holiday for 26 August, coinciding with the observance of Eid-e-Milad-un-Nabi. Major commercial banks, including State Bank of India (SBI) and HDFC Bank, have not yet issued definitive statements on whether they will operate on the religious holiday.
Industry sources indicate that banks typically close on national holidays, but some may keep limited counters open to cater to urgent transactions. Customers are advised to check individual bank notices or official websites for the latest updates.
The uncertainty has prompted a surge in inquiries on financial portals, as businesses and individuals seek clarity on cash flow and payment processing during the festive period.
If banks decide to remain closed, the holiday could affect salary credit dates, loan repayments, and other time‑sensitive banking services across the country.
Authorities are expected to release a final schedule by the end of the day, allowing the public to plan accordingly.
Industry sources indicate that banks typically close on national holidays, but some may keep limited counters open to cater to urgent transactions. Customers are advised to check individual bank notices or official websites for the latest updates.
The uncertainty has prompted a surge in inquiries on financial portals, as businesses and individuals seek clarity on cash flow and payment processing during the festive period.
If banks decide to remain closed, the holiday could affect salary credit dates, loan repayments, and other time‑sensitive banking services across the country.
Authorities are expected to release a final schedule by the end of the day, allowing the public to plan accordingly.