Bank Holiday: Are Banks Open Or Closed Today? Check Before Heading Out To Branch
As to whether bank branches will be working or operational Monday, 07 July 2025, customers must know that today is a normal working day for banks. Branch activities and business hours will remain the same as normal business days today.
Bank Holidays In July 2025
- July 3 (Thursday): Banks in Tripura (Agartala) will remain shut for Kharchi Puja.
- July 5 (Saturday): Jammu & Kashmir observes a holiday for Guru Harobind Ji's Birth Anniversary.
- July 14 (Monday): Shillong (Meghalaya) will see bank closures for the Beh Deinkhlam Festival.
- July 16 (Wednesday): It's Harela Festival in Dehradun (Uttarakhand) – banks to stay closed.
- July 17 (Thursday): Another holiday in Shillong (Meghalaya) for U Tirot Singh's Death Anniversary.
- July 19 (Saturday): Tripura (Agartala) banks to remain closed again for Ker Puja.
- July 28 (Monday): Gangtok (Sikkim) will observe a holiday on account of Drukpa Tshe-ji.
Bank Closures on Weekends – July 2025
- Sunday Shutdowns: July 6, 13, 20, 27
- Second Saturday Off: July 12
- Fourth Saturday Break: July 26
It must be noted that the banks will NOT be closed for all the days consecutively in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. For instance banks will be closed for Ker Puja in Agartala, but in other states it will NOT be closed for the same reason.
Reserve Bank of India places its Holidays under three brackets --Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks' Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
an hour ago
- India Today
Necktie Nomics: Can the RBI Governor's tie colour predict rate moves?
Can the Reserve Bank of India (RBI) Governor's choice of tie colour really hint at whether interest rates will go up, down or stay the same? It sounds amusing, but an SBI report has explored this quirky link—calling it 'Necktie Nomics: When Fashion Meets Fiscal Signals'.The said report explores this idea, suggesting that, in a parallel universe, ties guide monetary policy along with inflation and looked at the ties worn by the RBI Governor during Monetary Policy Committee (MPC) meetings. Instead of only watching inflation numbers or GDP data, they turned their attention to the shades of silk draped around the Governor's COOL, DARK OR MIXED - WHAT THE TIES MEANThe report grouped ties into four colour tones, warm, cool, dark and mixed. Warm shades like red, peach, coral and orange were found to be linked with hawkish policies, meaning higher chances of rate hikes. Cool tones like blue, light blue, royal blue and aqua suggested no major change in dark ties, think black, dark blue and black with silver, didn't hint at a direction but rather signalled a decisive move, whether up or down. Mixed shades like purple or yellow were the trickiest, showing the least clear pattern and the highest chance of IT WORKSTo test their theory, the team created a 'Tie Volatility and Tilt Index' (TVTI) to measure both the directional signal and its consistency. Then, they matched these with the tie colours to see if a pattern really findings? Warm ties often leaned towards rate hikes, dark ties pointed to a definite decision (like the recent big 50 bps cut), and cool ties usually meant no changes. Mixed ties suggested the highest volatility and lowest OR FOLKLORE?No one's claiming ties trump inflation or growth figures. But in a world full of surprises, could a tie offer a tiny clue? Maybe. Or maybe it's just a fun way to remind us that sometimes, even monetary policy can have a lighter next time the RBI Governor steps up to announce a rate decision, don't just look at the graphs, take a glance at the tie too. Who knows, it might just give you a hint.- EndsMust Watch advertisement
Business Standard
an hour ago
- Business Standard
INR slumps to one and half week low
The Indian rupee fell sharply by 47 paise to close at 85.87 (provisional) against the US dollar, an over one week low on Monday amid recovering global crude oil prices and American currency regaining momentum after the sharp slide. Outflow of foreign funds fuelled by uncertainties over US President Donald Trump's trade tariffs put further pressure on the local unit. At the interbank foreign exchange, the rupee opened at 85.53 against the US dollar and traded in the range of 85.51-86.03 before settling at 85.87 (provisional), lower by 47 paise from its previous close. The domestic headline equity benchmarks closed little changed after a choppy session, as investors stayed cautious ahead of a potential breakthrough in US-India trade talks. Despite the uncertainty, the market managed a positive finish, supported by continued buying from domestic institutional investors. The Nifty ended above the 25,450 mark. The S&P BSE Sensex rose 9.61 points or 0.01% to 83,442.50. The Nifty 50 index rose 0.30 points or 0.0% to 25,461.30. Meanwhile, Indias foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4. Foreign currency assets surged by $5.75 billion to $594.82 billion. Gold reserves fell by $1.23 billion to $84.5 billion during the reported week, while special drawing rights (SDRs) rose by $158 million to $18.83 billion. Indias reserve position with the International Monetary Fund (IMF) also increased by $176 million to $4.62 billion, central bank data showed.
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Rupee weakens on Trump's tariff threat, RBI seen intervening at 86/$
The Indian rupee weakened sharply against the US dollar on Monday, settling 47 paise lower at 85.86 per dollar. The decline in the domestic currency was primarily triggered by US President Donald Trump's announcement of an additional 10 per cent tariff on countries aligning with BRICS policies, which he described as 'anti-American'. During the day, the rupee breached the 86 per dollar mark, hitting a low of 86.03 before recovering slightly. According to dealers, the partial recovery was likely due to intervention by the Reserve Bank of India (RBI) through dollar sales. Adding to the pressure was renewed strength in the US dollar amid rising uncertainty over trade policies. Market caution intensified as the 90-day extension on tariff suspensions is set to expire on Wednesday, with no formal trade agreements signed so far. The lack of clarity on future trade arrangements has made investors more risk-averse, contributing to the rupee's decline, said dealers. Additionally, strong dollar demand from a major private bank added further pressure on the local currency. The rupee's fall below the 85.80 level triggered stop-loss orders, leading to a sharper decline. In the absence of positive developments on the trade front, market participants expect the rupee to weaken further, potentially touching 86.50 per dollar in the near term. The dollar index was trading at 97.36, up from the previous day's 96.95. It measures the strength of the greenback against a basket of six major currencies. 'Dollar has strengthened and there was a lack of inflows in the market. RBI has intervened around 86 levels,' said a dealer at a state-owned bank. President Trump's declaration, made via a social media post, stressed that there would be 'no exceptions' to the proposed tariffs. The announcement has added fresh uncertainty to global trade dynamics, with emerging markets like India bearing the brunt of investor nervousness. Given the heightened volatility, the Reserve Bank of India is expected to keep a close watch and may intervene again to stabilise the rupee if global trade pressures persist. 'If the deal doesn't happen, we might see the 86.50 per dollar mark. The RBI will be there to contain volatility,' said a dealer at a state-owned bank. Meanwhile, the 10-year 2035 bond has gained sufficient secondary market liquidity to be widely recognised as the new benchmark government security, replacing the earlier 6.79 per cent 2034 bond. Although the 2035 bond saw a slower start—partly due to fewer auctions—its liquidity has steadily improved. The benchmark bond yield settled at 6.29 per cent, compared to the previous close of 6.30 per cent. According to bond market participants, over the past month, the 2035 bond has reached the threshold needed to support large trades in the range of Rs 1,000–2,000 crore with minimal market impact—a key criterion for benchmark status. The transition took longer than earlier shifts to the 2034 and 2033 bonds, largely because a significant portion of outstanding bonds had moved into banks' hold-for-trading (HFT) portfolios or insurance companies' held-to-maturity (HTM) books, limiting availability in the secondary market. Recent changes to investment norms—particularly the removal of a 90-day cap on HFT holdings—also reduced the typical churning that supports market liquidity.
