Several banks in some states will remain closed this month due to various local festivals. This will not affect the banking operations in other regions. The holidays have been decided according to the Reserve Bank of India (RBI) calendar.
The RBI places bank holidays under three brackets – negotiable instruments act, negotiable instruments act and real time gross settlement holiday, and banks’ closing of accounts.
Here’s a list of days when banks will remain closed this month in various states:
July 12 – Kang/Ratha Yatra: All across Bhubaneshwar, banks remained closed on Monday on account of the Rath Yatra of Lord Jagannath. The banks were also shut in Imphal on account of Kang (Rathajatra).
July 13 – Bhanu Jayanti: On the occasion Bhanu Jayanti, banks will remain closed in Sikkim today.
July 14 – Drukpa Tshechi: Another local festival celebrated in Sikkim, and the banks will remain closed there.
July 16 – Harela festival: Banks in Uttarakhand to remain closed due to this.
July 17 – Tirot Singh Day/Kharchi Puja: The banks will remain shut in Agartala. In Shillong, banks will be closed to observe Kharchi Puja.
July 19 – Guru Rimpoche’s Thungkar Tshechu: The banks will remain closed in Shillong again on this day due to it.
July 20 – Bakrid: The banks will remain closed in Jammu and Kochi due to the festival.
July 21 – Bakrid: It will be a general holiday for banks across country in view of Bakrid, except in Aizawl, Bhubaneswar, Kochi and Thiruvananthapuram.
July 24: Fourth Saturday
July 25: Sunday
July 31 – Ker Puja: Tripura will celebrate Ker Puja on July 31, leading to closure of banks