Will banks remain closed on Friday 8th August?

Banks are going to be closed on Friday 8th August. Banks will be closed only in Sikkim tomorrow. Banks will remain open in all other states. Banks will be closed on Friday in Sikkim due to Tendong Lho Rum Phat. Tendong Lho Rum Phat is a traditional festival of Sikkim, which is celebrated by the Limbu community with great reverence and gaiety. This festival is celebrated to express gratitude towards nature and the environment . ‘Tendong’ is the name of a hill, which is considered sacred, and it is believed that this hill once saved the lives of people during a terrible flood. ‘Lho Rum Phat’ means ‘thanks to the earth’. In this festival, people worship the mountain with traditional songs, dances and rituals.

Bank Holiday List for August 2025

• August 8 (Friday) – Tendong Lho Rum Phat
• Banks Closed: Gangtok
• 9 August (Saturday) – Rakshabandhan / Jhulan Purnima
• Banks closed: Ahmedabad, Bhopal, Dehradun, Jaipur, Kanpur, Lucknow, Shimla, Bhubaneswar
• August 13 (Wednesday) – Patriots Day
• Banks Closed : Imphal
• 15 August (Friday) – Independence Day / Parsi New Year / Janmashtami
• National Holiday – All banks across the country closed
• 16 August (Saturday) – Janmashtami / Krishna Jayanti
• Banks closed: Aizawl, Chennai, Hyderabad, Patna, Raipur, Ranchi, Vijayawada, Gangtok, Chandigarh, Jammu, Srinagar
• 19 August (Tuesday) – Birth anniversary of Maharaja Bir Bikram
• Banks Closed: Agartala
• 25 August (Monday) – Srimanta Sankardev Disappearance
• Banks Closed: Guwahati
• 27 August (Wednesday) – Ganesh Chaturthi / Samvatsari
• Banks closed: Mumbai, Belapur, Nagpur, Bhubaneswar, Chennai, Hyderabad, Vijayawada, Panaji
• 28 August (Thursday) – Ganesh Chaturthi (2nd Day) / Nuakhai
• Banks closed: Bhubaneswar, Panaji
• Weekly Holiday(Sunday & Saturday)
• August 3 (Sunday)
• 9 August (second Saturday)
• 10 August (Sunday)
• 17 August (Sunday)
• 23 August (4th Saturday)
• August 24 (Sunday)
• 31 August (Sunday)

The post Bank Holiday Alert! RBI Declares Holiday on 8th August – Know the Reason Behind Bank Closure first appeared on Rightsofemployees.com.

The last day of filing returns i.e. 31st July is falling on a Sunday and banks will also remain closed. In such a situation, the question must have arisen in the minds of lakhs of taxpayers whether it will have any effect on filing their returns. The answer is no, because now the Income Tax Department gives the facility of filing returns 24x7x365 days. By the way, it would be better to file your return before the last due date.

Earlier the problem came,

Income Tax experts say that now the entire process of filing returns has become online. Therefore, it is not affected by any holiday or bank closure. This used to happen earlier, when the process of filling ITR was done manually. However, the ideal situation would be that the taxpayer should not wait for the last minute to file his return. On the last day a large number of people will visit the portal and this may cause internet slowdown.

Bank closure will have

an effect Another tax expert says that although holidays do not have a direct effect on ITR, net banking will not run as fast as it runs in working days due to bank closure. The portal of the Income Tax Department may also slow down on this day, as the department has already spoken about technical flaws. In such a situation, it would be better that the taxpayers do not wait for the last day to file the return.

If you miss filing the return that problems will arise. After July 31, the person filing the return will have to pay a fine of 1 percent every month till the completion of his work. Apart from this, if tax is deducted on you at the time of return, then its payment may also become difficult due to the closure of the bank

Bank branch will also have to be visited, if you do not have online banking, then you will have to submit a bank challan to pay your tax and this work will be completed only after visiting the bank branch. Apart from this, you may also have to go to the bank branch for Form 16. If you want to do this work on the last day, then it will not be possible due to the closure of the bank. So it would be better if you do not wait for the last minute. Even if the last day of filing ITR was not a holiday, the taxpayer should collect the bank challan in advance as it takes time to get the number.

The post Taxpayer Big Alert: Banks will remain closed on the last day of filing returns, what will be the effect on you? first appeared on Rightsofemployees.com.