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July 2023 Bank Holidays (India): Get Ready for 15 Days of Banking Break

Eight of the July bank holidays fall under the terms of the Negotiable Instruments Act

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July 2023 Bank Holidays: According to the Holiday Calendar of the Reserve Bank of India (RBI), banks will be closed for 15 days in July 2023, including the second and fourth Saturdays, due to various holidays.

Eight of the July bank holidays fall under the terms of the Negotiable Instruments Act, while the rest are weekend holidays, including Saturdays and Sundays.

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Under the Negotiable Instruments Act of 1881, the RBI has classified all bank holidays into four distinct categories: Holidays Under the Negotiable Instruments Act, Banks’ Closing of Accounts, and Real-Time Gross Settlement Holiday.

A Comprehensive Calendar of July 2023 Bank Holidays

  • 2 July 2023 falls on a Sunday.
  • Srinagar and Jammu banks will be closed on 5 July 2023 in observance of Guru Hargobind Ji’s birthday.
  • Aizawl banks will be closed on MHIP Day, July 6, 2023.
  • Saturday, July 8, 2023: Second Saturday
  • 9 July 2023 is on a Sunday.
  • Agartala banks will be closed on 11 July 2023 in observance of Ker Puja.
  • Gangtok banks will be closed on 13 July 2023 owing to Bhanu Jayanti.
  • 16 July 2023 falls on a Sunday.
  • Shillong banks will be closed on July 17, 2023 owing to U Tirot Sing Day.
  • Gangtok banks will remain closed on 21 July 2023 owing to Drukpa Tshe-zi.
  • Saturday, July 22, 2023 is the fourth Saturday of the month
  • Sunday, July 23, 2023 is the date.
  • Jammu and Srinagar banks will be closed on 28 July 2023 owing to Ashoora.
  • 29 July 2023: Banks will remain closed in Agartala, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, Ranchi, Shimla on account of Muharram (Tajiya)
  • 30 July 2023 falls on a Sunday.

Despite the fact that there are 12 bank holidays in June, internet financial services will be accessible as usual. Also, customers should avoid visiting bank branches on the aforementioned dates to exchange the 2000 rupee notes, which, per RBI guidelines, must be completed no later than September 30, 2023.

 

Eric Joseph Gomes
Eric Joseph Gomeshttps://www.eduvast.com/
Seasoned professional blog writer with a passion for delivering high-quality content that informs, educates, and engages readers.

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