Bank Holidays: Banks To Remain Closed For 15 Days In July, Check State-Wise Holiday List

In July, there are 15 bank holidays, starting with Guru Hargobind Jayanti on July 05 and ending with Muharram on July 29. If you are planning to visit the bank, it is advised to check this list.

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.