• Banks across India to shut down for 14 days. Check the Holiday list here

    National
    Banks across India to shut down for 14 days. Check the Holiday list here

    The Negotiable Instruments Act, the Real-Time Gross Settlement Act, and bank account closures are the three categories under which the Reserve Bank of India (RBI) classifies bank holidays.


    Digital Desk: Banks throughout the country will be closed for 14 days in July. However, some of the bank holidays during this month will vary by state. 


    Bank holidays are classified by the Reserve Bank of India (RBI) into three categories:

    • Holidays under the Negotiable Instruments Act
    • Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday
    • Bank account closures


    Check the bank holidays in July:


    July 1 (Ratha / Kang Yatra): Banks will be closed in Bhubaneswar and Imphal.


    July 3 (Sunday): Banks across the country will be closed.


    July 7 (Kharchi Puja): Banks will be closed in Agartala.


    July 9 (second Saturday, Bakrid): Apart from the fact that it is a second Saturday when banks are closed across the country, banks in Kerala's Kochi and Thiruvananthapuram will be closed due to Bakrid.


    July 10 (Sunday): Banks across the country will be closed.


    July 11 (Eid-ul-Adha): Banks across the country will be closed.


    July 13 (Bhanu Jayanti): Banks will be closed in Gangtok.


    July 14 (Beh Dienkhlam): The most important dance festival of the Jaintia tribes, Behdienkhlam (chasing away the Demon of Cholera), is celebrated annually in July after the sowing period. Banks will be closed in Shillong.


    July 16 (Harela): Banks will be closed in Dehradun.


    July 17 (Sunday): Banks across the country will be closed.


    July 23 (Fourth Saturday): Banks across the country will be closed.


    July 24 (Sunday): Banks across the country will be closed.


    July 26 (Ker Puja): Banks will be closed in Agartala.


    July 31 (Sunday): Banks across the country will be closed.


    Also Read: RBI imposes Rs 36 lakh penalty on Central Bank of India, details here



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