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regular-article-logo Saturday, 05 October 2024

Alert: Banks to remain closed for 15 days in July

The holiday list released by the Reserve Bank of India includes nine holidays listed under religious, festival or state-wise leaves and six weekend off

Our Bureau, Agencies New Delhi Published 01.07.21, 10:15 PM
Reserve Bank of India has notified that banks across India will remain closed for a total of 15 days in the month of July

Reserve Bank of India has notified that banks across India will remain closed for a total of 15 days in the month of July File Picture

Reserve Bank of India has notified that banks across India will remain closed for a total of 15 days in the month of July. The official holiday list released by the banking regulator has listed nine holidays under the category of religious, festival and state-wise leaves, thereby making them state-specific. The remaining six off fall under the category of weekends off.

According to an NDTV report the holidays fall under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts. These 15 days holiday, for the month of July fall under the bracket of Holiday under Negotiable Instruments Act indicated the report.

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Also, public sector, private sector, foreign, cooperative and regionals banks will remain closed. Money lenders across India will remain shut on July 21 on account of Eid-Ul-Adha or Bakri Id.

It must be noted that bank holidays are state specific, and may not be observed by all banks. These holidays will be applicable on festivals being observed in the state.

List of the bank holidays in July 2021 as per RBI notification:

12 July 2021: Kang (Rathajatra)/Ratha Yatra

13 July 2021: Bhanu Jayanti

14 July 2021: Drukpa Tshechi

16 July 2021: Harela

17 July 2021: U Tirot Sing Day/Kharchi Puja

19 July 2021: Guru Rimpoche's Thungkar Tshechu

20 July 2021: Bakrid

21 July 2021: Bakri Id (Id-Ul-Zuha) (Eid-UI-Adha)

31 July 2021: Ker Puja

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