Banks Closed for 12 Days in July 2024: Full Schedule

Banks Closed for 12 Days in July 2024: Full Schedule

Bank holidays, which include important observances, state-specific festivals, and national holidays, are celebrated all year round in India. The Reserve Bank of India (RBI) sets these holidays, which fall under several categories including the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Bank Closing of Accounts holidays. Traditional banking services are unavailable on certain days, and physical banking activities are suspended.

Digital banking solutions make sure that financial transactions may go through uninterrupted even while banks are closed on certain holidays. Digital payment options including UPI, IMPS, and net banking, as well as mobile applications and online banking platforms, are still available. Even during bank holidays, users may easily complete a variety of financial duties with the help of these tools.

Apart from the holidays declared by the Reserve Bank of India, every Indian state has a distinct collection of local celebrations and festivals. Because these state-specific holidays differ from place to place, they further diversify the banking holiday calendar.

In addition to the official bank holidays in July 2024 and other months, banks in India are closed on Sundays and the second and fourth Saturdays of the month. You should also take into account these typical weekly holidays when organizing your financial activity.

Reserve Bank of India standards state that banks are closed on Sundays and the second and fourth Saturdays of each month. The RBI has scheduled July 3, 6, 8, 9, 16, and 17 as bank holidays by the Negotiable Instruments Act. In addition, July has four Sundays: July 7, 14, 21, and 28; July 13 and July 27 are the second and fourth Saturdays.

July has twelve bank holidays, counting weekends, according to the Reserve Bank’s schedule. Under the terms of the Negotiable Instruments Act of 1881, the national government split the holidays into three groups.

S.No Date Day Holiday State
1 July 3, 2024 Wednesday Beh Dienkhlam Meghalaya
2 July 6, 2024 Saturday MHIP Day Mizoram
3 July 7, 2024 Sunday Weekend Holiday All Over India
4 July 8, 2024 Monday Kang (Rathajatra) Manipur
5 July 9, 2024 Tuesday Drukpa Tshe-zi Sikkim
6 July 13, 2024 Saturday Second Saturday Weekend Holiday All Over India
7 July 14, 2024 Sunday Weekend Holiday All Over India
8 July 16, 2024 Tuesday Harela Uttarakhand
9 July 17, 2024 Wednesday Muharram/Ashoora/U Tirot Sing Day All Over India except Gujarat, Odisha, Chandigarh, Uttarakhand, Sikkim, Assam, Manipur, Itanagar, Kerala, Nagaland, Goa
10 July 21, 2024 Sunday Weekend Holiday All Over India
11 July 27, 2024 Saturday Fourth Saturday Weekend Holiday All Over India
12 July 28, 2024 Sunday Weekend Holiday All Over India

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