That essentially means that banks will be closed for about half a month in the month of July. There will be 15 days of holidays in July for the banking sector due to weekend offs and various other festivals. According to the Reserve Bank of India (RBI), there will be 6 weekends and 9 festive holidays in July. The 6 weekend holidays include the second, fourth Saturday and four Sunday holidays.
Festivals like Rath Yatra, Bhanu Jayanti, Eid al-Adha, Ker Puja will be celebrated in July. The Rath Yatra on 12th July is celebrated mainly in Imphal, Bhubaneswar. The last holiday, Ker Puja, is celebrated in Tripura, on July 31. Let's see the holidays for banks in July.
4th July - Sunday Holiday
10th July – Second Saturday of the month
11th July - Sunday Holiday
12th July - Kang Rath-Yatra Festival
13th July - Bhanu Jayanti Holiday
14th July - Drukpa Tsheshi Festival
16th July - Harela Festival
17th July - Kharchi Puja Holiday
18th July - Sunday Holiday
19th July - Guru Rimpoche's Trungkar Tshechu festival
20th July - Eid al-Adha (Bakrid)
21st July - Eid-ul-Zuha
24th July – Fourth Saturday of the month
25th July - Sunday Holiday
31st July - Ker puja holiday
Holidays do not apply simultaneously in all states
It is worth noting that RBI holidays do not apply to every state simultaneously. There are holidays in banks according to the festivals locally celebrated in different states. The complete list of bank holidays on the official website of RBI can help you know which banks in your state will be closed for the celebration of a local festival.