Bank Holiday on July 16: Indian banks will have at least 12 of non-working days in July 2024, including Sundays and second Saturdays' weekend offs, religious holidays and regional festivals.
Jocelyn Fernandes
Updated16 Jul 2024, 06:55 AM IST
Bank Holiday today on July 16: Banks will be closed for about 12 days this month(Mint)
Bank Holiday on July 16: All state-run and private banks in Uttarakhand, including the State Bank of India (SBI), will remain shut today, July 16, on account of Harela. Notably, tomorrow (July 17) is a national bank holiday for Muharram.
Harela is a festival celebrated in the northern state of Uttarakhand to mark the monsoon arrival and start of the new agricultural season. Overall, July 2024 has at least 12 listed holidays for banks on account of regional festivities, religious holidays and weekend leaves. Besides this, each month has second and fourth Saturday and every Sunday off.
Also Read | Bank Holidays in July 2024: Banks will remain closed for 12 days; check list
Check Bank Holidays in July 2024
Holidays that have passed: July 3 (Meghalaya), July 6 (Mizoram), July 7 (Sunday), July 8 (Manipur), July 9 (Sikkim), and July 13 (second Saturday).
For Harela on July 16, 2024: Banks will be closed in Uttarakhand on account of Harela — a festival celebrated in Uttarakhand to mark the monsoon arrival and start of the new agricultural season.
Play
Unmute
Loaded: 5.75%
Fullscreen
Also Read | Are SBI branches near you open today? Read here
For Muharram / Ashura on July 17, 2024: Banks will be closed across India on account of Muharram / Ashura to mark the beginning of the Muslim's sacred month; and U Tirot Sing Day (celebrated in Meghalaya) to recognise the courage of freedom fighter U Tirot Sing, who resisted British colonial rule in the region.
Weekend Holidays: Sunday leaves on July 14, 21, and 28; and the fourth Saturday off on July 27.
These holidays have been declared by the Reserve Bank of India (RBI) under provisions of the Negotiable Instruments Act, which deals with the issuance of cheques and promissory notes. Transactions involving these instruments will thus not be available during the holidays.
Also Read | Stock market holiday 2024: Check days, dates & trading holidays in the new year
Is Online Banking Affected?
The RBI and respective state governments issue the scheduled list of annual non-working days for banks considering various factors such as national and state holidays, cultural or religious observances, operational needs, government announcements, and coordination with other banks. The central bank makes the announcement through its official website and notifications to banks and other financial institutions.