logo
Saturday bank holiday: Are banks open or closed today on June 21, 2025?

Saturday bank holiday: Are banks open or closed today on June 21, 2025?

Time of India3 hours ago

Are banks open today on June 21, 2025?
Upcoming bank holidays in June
June 2025 7 11 27 30 Agartala • Ahmedabad Aizawl • • Belapur • Bengaluru • Bhopal • Bhubaneswar • • Chandigarh • Chennai • Dehradun • Gangtok • Guwahati • Hyderabad - Andhra Pradesh • Hyderabad - Telangana • Imphal • • Itanagar Jaipur • Jammu • Kanpur • Kochi • Kohima • Kolkata • Lucknow • Mumbai • Nagpur • New Delhi • Panaji • Patna • Raipur • Ranchi • Shillong • Shimla • • Srinagar • Thiruvananthapuram •
Holiday Description Day Bakri ID (Id-Uz-Zuha) 7 Sant Guru Kabir Jayanti/Saga Dawa 11 Ratha Yatra/Kang (Rathajatra) 27 Remna Ni 30
In India, bank holidays are determined by a combination of national and regional factors, leading to variation from one state to another. Generally, banks are closed on Sundays and on the second and fourth Saturdays of each month. In contrast, the first, third, and fifth Saturdays are designated as working days. This practice may create confusion among customers about whether banks will be operational this weekend.If you have banking work planned for the weekend, take note that banks will remain open Saturday, June 21, 2025.Also read: Bank holidays in June 2025: Check full list of state-wise bank holidays Under the Negotiable Instruments Act, the Reserve Bank of India (RBI) sets certain holidays, which may differ from state to state. Customers must be aware of these dates to schedule their banking activities appropriately.Banks in Odisha and Manipur will be closed on June 27, 2025, on account of Ratha Yatra.Banks in Mizoram will be closed on June 30 for Remna N, which is also called Peace Day.Source- RBI bank websiteWhile many of the bank transactions can be done using net and mobile banking, certain banking transactions require a physical visit to the branch and cannot be completed on bank holidays; these include cash deposits, especially large amounts, which typically need to be done at the counter, and cheque deposits, which require manual submission for clearing. Services such as demand draft issuance, account opening or closure, and updating KYC details (like changing your address or phone number or linking PAN/Aadhaar) also require an in-person visit. Accessing bank lockers is another branch-only service, as is passbook updating, which cannot be done online in most banks.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stock market this week sees big moves—Check the top gainers and losers
Stock market this week sees big moves—Check the top gainers and losers

Mint

time14 minutes ago

  • Mint

Stock market this week sees big moves—Check the top gainers and losers

India's foreign exchange reserves saw a healthy rise of $2.29 billion, touching a new total of $698.95 billion for the week ending June 13, 2025, according to the latest data from the Reserve Bank of India. This consistent growth in forex reserves reflects the country's strong external position and the confidence of global investors in the Indian economy. The increase is likely supported by gains in foreign currency assets, gold holdings, and Special Drawing Rights (SDRs). A robust forex reserve buffer not only strengthens India's ability to manage external shocks but also enhances the country's creditworthiness and macroeconomic stability. This upward trend provides the RBI with more room to manage currency volatility, support the rupee when required, and ensure smooth financing of the current account deficit. Overall, the steady accumulation of reserves underscores India's resilience and growing economic stature on the global stage. The Initial Public Offering (IPO) of Arisinfra Solutions Limited has received an encouraging response from investors, closing with an oversubscription of 1.32 times. This reflects growing investor confidence in the company's business model and future prospects. Arisinfra Solutions, known for its expertise in infrastructure and engineering solutions, attracted interest across various investor categories, including retail, high-net-worth individuals (HNIs), and institutional investors. The oversubscription indicates a healthy demand for the company's shares and highlights market optimism surrounding infrastructure development and allied services in India. The company's focus on innovative project delivery, operational efficiency, and its growing footprint in the infrastructure sector have contributed to this positive sentiment. With the IPO now concluded successfully, the next steps include the finalization of share allotment and eventual listing on the stock exchange. The strong subscription figures signal a promising start for Arisinfra Solutions as it prepares to enter the public market. Mirae Asset Mutual Fund has introduced two new investment opportunities through its latest NFOs: the Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund (Growth – Direct Plan) and the Mirae Asset Income Plus Arbitrage Active FoF (Growth – Direct Plan). The debt index fund offers investors access to a portfolio of high-quality financial sector instruments with a defined maturity range of 9 to 12 months, making it ideal for those seeking short-term, stable returns with low interest rate sensitivity. Meanwhile, the arbitrage active FoF provides a balanced approach by investing in arbitrage opportunities and income-generating schemes, aiming to deliver consistent returns with lower volatility. This fund leverages price differences in equity markets while dynamically allocating assets to optimize returns. Both funds reflect Mirae Asset's commitment to offering innovative, low-risk strategies tailored to diverse investor needs, making them attractive options for those looking to diversify their portfolios and align with evolving market dynamics. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.

India's Forex Reserves Surge $2.3 Billion To $698.9 Billion, To Touch All-Time High Soon
India's Forex Reserves Surge $2.3 Billion To $698.9 Billion, To Touch All-Time High Soon

News18

timean hour ago

  • News18

India's Forex Reserves Surge $2.3 Billion To $698.9 Billion, To Touch All-Time High Soon

Last Updated: Gold reserves also contribute to the rise, increasing by $428 million to reach $86.32 billion. India's foreign exchange reserves jumped by $2.3 billion to $698.9 billion for the week ended June 13, 2025, according to data released by the Reserve Bank of India (RBI) on June 20. This comes after a rise of $5.17 billion in the previous week, when the reserves had stood at $696.65 billion. The current level is inching closer to the all-time high of $704.89 billion recorded in end-September 2024. The increase in the latest week was mainly due to a $1.74 billion rise in foreign currency assets, which make up the largest component of the reserves and include the impact of movements in non-dollar currencies like the euro, pound and yen. Gold reserves also contributed to the rise, increasing by $428 million to reach $86.32 billion. The share of gold maintained by the RBI in its kitty has almost doubled since 2021, as central banks globally have increasingly accumulated safe-haven gold in their forex reserves. In 2023, India added around $58 billion to its foreign exchange reserves, contrasting with a cumulative decline of $71 billion in 2022. In 2024, the reserves rose by a little over $20 billion. Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling. Special Drawing Rights (SDRs) rose by $85 million to $18.76 billion during the week ended June 13, while India's reserve position with the International Monetary Fund (IMF) went up by $43 million to $4.45 billion. The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep Rupee depreciation. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens. During the previous monetary policy announcement, RBI Governor Sanjay Malhotra said the foreign exchange kitty is sufficient to meet 11 months of the country's imports and about 96 per cent of external debt. A rise in forex reserves also boosts the rupee by boosting India's external financial position. The rupee on June 20 snapped its three-day losing streak and settled with a gain of 18 paise at 86.55 against the US dollar, buoyed by a massive inflow of foreign capital, retreating crude oil prices and a weakening greenback. A robust sentiment in domestic equity markets further supported the local unit, according to forex traders. At the interbank foreign exchange, the domestic currency opened at 86.65 and traded in a narrow range of 86.55-86.67, before ending the session at its intra-day peak of 86.55 against the US dollar, registering a gain of 18 paise from previous closing level. First Published: June 21, 2025, 09:08 IST

RBI's jumbo rate cut aims to spur spending & investment
RBI's jumbo rate cut aims to spur spending & investment

Time of India

timean hour ago

  • Time of India

RBI's jumbo rate cut aims to spur spending & investment

RBI MUMBAI: RBI aimed to signal businesses that cheap funds will be available with its double-barrel rate cut earlier this month to boost growth through spending and investment. According to minutes of the monetary policy committee's meeting, the interest rate cut was triggered by signs that companies were deferring investment plans despite rising capacity utilisation even as inflation was expected to undershoot. Continued uncertainty had pushed top executives into what central bank officials described as a 'zone of inaction'. The MPC voted for an unexpected 50-basis-point (100bps = 1 percentage point) cut in the repo rate or the rate at which RBI lends to banks. The MPC also voted to change the policy stance to 'neutral' from 'accommodative' which RBI governor Sanjay Malhotra said gave it room to 'cut, pause or hike rate' depending on evolving conditions. . 'It is expected that the front-loaded rate action along with certainty on the liquidity front would send a clear signal to economic agents, thereby supporting consumption and investment through lower cost of borrowing,' the governor said in the minutes of the June 6-9 MPC meeting. The meeting also offered a glimpse into the policy stance of deputy governor Poonam Gupta, who joined the central bank in April. Her comments suggest a dovish leaning within the current policy context. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What She Did Mid-Air Left Passengers Speechless medalmerit Learn More Undo Gupta underscored the importance of monetary support for accelerating growth, and said policy must help the economy 'attain and even surpass past rates of growth'. She voted for a 50bps cut, citing the need to 'foster policy certainty and faster transmission'. She also flagged the possibility of inflation falling below target. Internal member Rajiv Ranjan also backed a 50bps cut, saying the decline in inflation was sharper than expected, giving the central bank room to focus on growth. He said larger cuts in an expansionary phase are often needed to have the same impact on output as smaller hikes during contractionary periods. According to him, front-loading sends a stronger signal and speeds up transmission. 'It would be appropriate to provide some certainty on the domestic rate and liquidity front so that agents do not delay and postpone their decisions. Literature suggests that uncertainty plays a role in forming the 'zone of inaction',' Ranjan said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store