Bank holiday today, Aug. 30 -- All private and public banks across India will remain open on Saturday, August 30 as it is the fifth Saturday of the month. The Reserve Bank of India (RBI) mandates that the first, third, and fifth Saturdays of each month are working days for banks.

Bank holidays are mentioned in the annual holiday calendar published by the RBI, in accordance with the Negotiable Instruments Act, which regulates the issuance of cheques and promissory notes. Hence, transactions involving these instruments are not allowed on designated holidays.

The next bank holiday will be observed on Sunday, August 31, when the banks will remain closed throughout the country.

In terms of regional observances, the next bank holiday is on W...