In July 2023, banks in various states will observe a total of 15 days of holidays, which includes all Sundays as well as the second and fourth Saturdays. It's important to note that bank holidays may vary depending on the state. The RBI regulates most functions of banks and determines their schedules and holidays for the whole year. Bank holidays in India also consist of mandatory holidays set by the banking sector and additional holidays for festivals and special occasions authorised by different states.

Both public sector banks and private sector banks do not work on Sundays and on the second and fourth Saturdays of each month, according to RBI guidelines. Banks also remain closed on public holidays, including regional holidays determined by state governments.

In July, there are 15 bank holidays, beginning with Guru Hargobind Jayanti on July 05 and ending with Muharram on July 29. These holidays apply to all banks in India, except in certain states. Those planning to visit the bank next month for important work, should see the list of holidays and plan their work in advance.
 

July 2023: Statewise Bank Holiday List

Date

Day

Holiday

State

July 2, 2023

Sunday

Weekend Holiday

All Over India

July 5, 2023

Wednesday

Guru Hargobind Singh Jayanti

Jammu and Srinagar

July 6, 2023

Thursday

Mizo Hmeichhe Insuihkhawm Pawl (MHIP) Day

Mizoram

July 8, 2023

Saturday

Second Saturday

All Over India

July 9, 2023

Sunday

Weekend Holiday

All Over India

July 11, 2023

Tuesday

Ker Puja

Tripura

July 13, 2023

Thursday

Bhanu Jayanti

Sikkim

July 16, 2023

Sunday

Weekend Holiday

All Over India

July 17, 2023

Monday

U Tirot Sing Day

Meghalaya

July 21, 2023

Friday

Drukpa Tshe-zi

Sikkim

July 22, 2023

Saturday

Fourth Saturday

All Over India

July 23, 2023

Sunday

Sunday

All Over India

July 28, 2023

Friday

Ashoora

Jammu and Kashmir

July 29, 2023

Saturday

Muharram (Tajiya)

All Over India

July 30, 2023

Sunday

Weekend Holiday

All Over India

According to the Reserve Bank's calendar, apart from the weekends, there are 8 bank holidays in July. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881.

Bank-related work will not pose any inconvenience to people as essential services like ATMs, cash deposits, online banking, and mobile banking will continue to operate during these holidays. 

Additionally, The RBI on May 19 announced the withdrawal of Rs 2000 denomination banknotes from circulation as part of its "Clean Note Policy." However, these notes will continue to be legal tender. All banks are providing deposit and/or exchange facilities for Rs 2000 banknotes until September 30, 2023.

To avoid any inconvenience, if you plan to visit a bank for depositing or exchanging Rs 2000 notes, it is advisable to check the holiday list specific to your state before making your visit.