<p>Banks will remain open in Mumbai on Friday, August 28, despite it being Raksha Bandhan.&nbsp;</p>
<p>However, as per the Reserve Bank of India&rsquo;s list of holidays, <a href="https://www.mid-day.com/business/business-news/article/is-it-a-bank-holiday-today-august-26-2026-heres-all-the-details-you-need-to-know-23646701" target="_blank" rel="none noopener">banks will remain closed in several states</a> for Raksha Bandhan/Pang-Lhabsol/ Friday following Eid-i-Milad-ul-Nabi/ Sree Narayana Guru Jayanthi/Ayyankali Jayanthi.&nbsp;</p>
<h2>Bank holiday in which states?</h2>
<p>The states include Gujarat (Raksha Bandhan), Madhya Pradesh (Raksha Bandhan), Uttarakhand (Raksha Bandhan), Sikkim (Pang-Lhabsol), Rajasthan (Raksha Bandhan), Jammu and Kashmir (Friday following Eid-I-Milad-Ul-Nabi), Uttar Pradesh (Raksha Bandhan), Kerala (Shree Narayana Guru Jayanthi and Ayyankali Jayanthi) and Himachal Pradesh (Raksha Bandhan).&nbsp;</p>
<h2>Online banking to remain open</h2>
<p>While the physical branches will remain closed for operations, customers can use online banking systems for transaction purposes. Customers can also use Unified Interface Payments (UPI) or transact through their bank apps. For cash withdrawals, Automated Teller Machines (ATMS) can be used, as these remain fully functional during bank holidays.</p>
<h2>What is Raksha Bandhan?</h2>
<p><a href="https://www.mid-day.com/mumbai/mumbai-news/article/raksha-bandhan-2026-date-shubh-muhurat-bhadra-timings-and-significance-of-tying-rakhi-check-details-23646805" target="_blank" rel="none noopener">Raksha Bandhan</a> is observed on the full moon day of the Hindu month of Shravan, which celebrates the bond between brothers and sisters.</p>
<p>On this day, sisters traditionally tie a rakhi around their brothers&rsquo; wrists and pray for their well-being, while brothers offer blessings and traditionally promise to protect and support them. The ritual symbolises the idea of protection, goodwill and a sacred bond between siblings. &nbsp;For many, the festival also represents a broader message of care, responsibility and togetherness.</p>
<h2>What is Ayyankali Jayanti?</h2>
<p>Ayyankali Jayanti is a regional holiday in Kerala to celebrate the birth anniversary of social reformer Ayyankali who fought for the rights of the depressed classes.</p>
<h2>What is Sri Narayana Jayanthi?</h2>
<p>This celebrates the birth anniversary of saint and social reformer Narayana Guru, and is a state festival in Kerala.</p>
<h2>What is Pang Lhabsol?</h2>
<p>Pang Lhabsol is an eight-day festival in Sikkim that honours Mount Khangchendzonga as the state's guardian deity. The festival, also known as Neysol, celebrates unity, peace, harmony, and brotherhood among the diverse communities of the state.</p>
<h2>What is the significance of Friday following Eid-I-Milad-Ul-Nabi?</h2>
<p>Devotees go to Hazratbal Shrine in Sringar, Jammu and Kashmir to see the sacred relic Moi-e-Muqaddas on the Friday following Eid-I-Milad-Ul-Nabi. <a href="https://www.mid-day.com/news/india-news/article/what-is-eid-e-milad-un-nabi-date-history-significance-facts-all-you-need-to-know-23248389" target="_blank" rel="none noopener">Eid-I-Milad-Ul-Nabi is the birth anniversary of Prophet Mohammad</a> and it was celebrated on August 26.</p>

It is bank holiday in several states due to Raksha Bandhan, Pang-Lhabsol, Friday following Eid-e-Milad, Sree Narayana Guru Jayanthi and Ayyankali Jayanthi

 Are banks open today, August 28? Here's all the detais

Rupee falls 10 paise to 95.55 against US dollar amid FII outflows, elevated crude oil price

However, as per the Reserve Bank of India’s list of holidays, banks will remain closed in several states for Raksha Bandhan/ Pang-Lhabsol/ Friday following Eid-i-Milad-ul-Nabi/Sree Narayana Guru Jayanthi/Ayyankali Jayanthi

Is it a bank holiday in Mumbai today, August 28 for Raksha Bandhan?

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Home / Business / Business News / Article / Is it a bank holiday in Mumbai today, August 28 for Raksha Bandhan?