India, Aug. 8 -- Coinciding with second Saturday of the month of August, the festival of Raksha Bandhan will be celebrated tomorrow, according to the Indian calendar.

Banks in the country will observe a holiday tomorrow, as all scheduled and non-scheduled banks observe a public holiday on second and fourth Saturdays of each month, according to Reserve Bank of India (RBI).

Celebrated widely by the Hindu community, Raksha Bandhan tomorrow is colliding with another festival of Jhulan Purnima.

According to RBI, the festivals fall under 'holiday under negotiable instruments act'.

The RBI has designated a total of nine such holidays for the month of August.

Here is a list of bank holidays in August:

The festival is commonly celebrated in ...