India, Aug. 25 -- Banks in India, scheduled and non-scheduled, remain closed on the second and fourth Saturdays of every month, however, bank closures are also observed on festivals as well as some other occasions, either nationwide or in specific states and Union territories.

Banks across Assam will be observing a holiday on Monday - August 25 - due to the Tirubhav Tithi of Srimanta Sankardeva in the state.

The Tirubhav Tithi of Srimanta Sankardeva commemorates the death of Srimanta Sankardev, who was a renowned saint, scholar, and cultural icon in the state. He was also a polymath, poet, playwright, dancer, actor, musician, artist, social-religious reformer, and key figure of the Bhakti movement in Assam.

According to Reserve Bank of...