Bank holidays 2023: Customers will encounter no difficulties with online banking and mobile banking services.
July Bank Holidays 2023 India: The Reserve Bank of India (RBI) has released the list of Bank Holidays for July 2023. In the month of July, in addition to the customary weekends, banks will remain closed in numerous states due to different occasions.
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As per the RBI guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments. The holidays come into effect under three categories, including ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’.
It’s always better to check the bank holidays in advance to avoid last-minute inconvenience. If you need to visit a bank on a holiday, you may be disappointed to find that it is closed. This could cause you inconvenience, as you may have to wait until the next day to complete your transaction. Also, if you have a large financial transaction scheduled for a bank holiday, you may need to reschedule it. This is because banks may not be able to process your transaction on a holiday.
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Full List Of Bank Holidays In July 2023
- July 2, 2023: Sunday
- July 5, 2023: Guru Hargobind Singh Jayanti- Banks to remain closed in Jammu and Srinagar.
- July 6, 2023: Mizo Hmeichhe Insuihkhawm Pawl (MHIP) Day- Banks to remain closed in Mizoram
- July 8, 2023: Second Saturday
- July 9, 2023: Sunday
- July 11, 2023: Ker Puja- Banks to remain closed in Tripura
- July 13, 2023: Bhanu Jayanti- Banks to remain closed in Sikkim
- July 16, 2023: Sunday
- July 17, 2023: U Tirot Sing Day- Banks to remain closed in Meghalaya
- July 21, 2023: Drukpa Tshe-zi – Banks to remain closed in Sikkim
- July 22, Fourth Saturday
- July 23, 2023: Sunday
- July 28, 2023: Ashoora – Banks to remain closed in Jammu and Kashmir
- July 29, 2023: Muharram (Tajiya)
- July 30, 2023: Sunday
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Bank customers will encounter no difficulties with their bank-related transactions as ATMs, cash deposits, online banking, and mobile banking services will remain operational. The occurrence of these holidays may differ from state to state, as they are scheduled to align with local festivals.
The RBI’s schedule of bank holidays is published on the RBI’s website. You can also find the schedule of bank holidays on the websites of individual banks.
