Bank Holiday In July 2025: Are Banks Open Or Closed Today On Sawan Shivratri? Check Status
Banks are open today, July 23, despite Sawan Shivratri causing school closures in Delhi NCR. Digital banking is available, but some services may be delayed due to branch closures.
Bank Holiday Today: The auspicious month Shravan (Sawan) as per Hindu calendar is currently ongoing. July 23 marks the Sawan Shivratri, which is a monthly Hindu festival dedicated to Lord Shiva. On account of this, several schools in Delhi NCR have announced the holiday due to traffic congestion by Kanwar Yatra, a deeply spiritual pilgrimage to and from Haridwar.
It causes confusion among people about whether banks are open or not. Knowing beforehand the banking opening or closing scenario is better to avoid any untoward problem a person faces while availing banking services.
Are Banks Closed Or Open Today?
Yes, banks are open. Banks across India are open on Wednesday, July 23, as per RBI's holiday calendar, though several schools announced the holiday on the occasion of Sawan Shivratri.
Bank Holidays In July 2025
The first holiday fell on July 3 (Thursday) for Kharchi Puja, observed in Agartala. This is followed by a holiday on July 5 (Saturday) for Guru Hargobind Ji's Birthday, obsereved in Jammu and Srinagar.
On July 14 (Monday), banks in Shillong was shut for Beh Deinkhlam, a prominent local festival. A few days later, on July 16 (Wednesday).
Dehradun observed a holiday on account of Harela, a festival marking the onset of the monsoon. Again, Shillong saw bank closures on July 17 (Thursday) to observe the Death Anniversary of U Tirot Singh, a local hero and freedom fighter.
Next, banks in Agartala remained closed on July 19 (Saturday) for Ker Puja, and Gangtok will see a holiday on July 28 (Monday) for Drukpa Tshe-zi, a traditional Buddhist observance.
Besides these, all scheduled and non-scheduled banks in India will observe routine closures on the second and fourth Saturdays of the month, i.e., July 12 and July 26, along with all Sundays—July 6, 13, 20, and 27.
While bank branches will be closed on these dates, customers can continue using digital banking services, ATMs, and mobile apps as usual. However, services like cheque clearance, RTGS, and NEFT may be delayed due to branch closures. Those needing in-person services are advised to plan ahead and complete transactions before the respective state holidays.
State-Wise Bank Holiday List – July 2025
Tripura
July 3 (Thursday) – Kharchi Puja
July 19 (Saturday) – Ker Puja
Jammu & Kashmir
July 5 (Saturday) – Guru Hargobind Ji's Birthday
Meghalaya
July 14 (Monday) – Beh Deinkhlam
July 17 (Thursday) – Death Anniversary of U Tirot Singh
Uttarakhand
July 16 (Wednesday) – Harela
Sikkim
July 28 (Monday) – Drukpa Tshe-zi
Nationwide Bank Closures
July 12 (Second Saturday)
All Sundays – July 6, 13, 20, 27
view comments
Location :
New Delhi, India, India
First Published:
July 23, 2025, 08:40 IST
News business » banking-finance Bank Holiday In July 2025: Are Banks Open Or Closed Today On Sawan Shivratri? Check Status
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
Why are RBI's rate cuts not fully reflecting in loan rates? Rajnish Kumar explains
Rajnish Kumar , Former Chairman, SBI , explains that complete transmission of RBI's rate cuts is hindered by banks' loan structures and deposit rate rigidities. While repo-linked rates adjust quickly, fixed-rate loans and deposit rates lag. He notes ample liquidity in the system and suggests credit growth depends on demand, not supply, with a slowdown in unsecured personal loans . You heard the RBI governor. There is no change this time. But do you think it will take some more time before actual transmission happens in the system as far as the banking system is concerned? Rajnish Kumar: From my experience, I can say that 100% transmission never happens and there are a couple of reasons. On the loan side, the repo linked rates are essentially floating rates. The 100% loan book of the banks is not linked to the repo. It varies bank to bank – 40% to 60%. Second is the rigidity on the liability side. The deposit rate, fixed deposit rates, take time for the banks to transmit and banks also have to protect their NIM. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program So, I am not expecting the numbers which the RBI governor stated about the transmission, will change in any significant manner. The repo rate linked rates get adjusted immediately and within two-three days, the rates are changed. For the rest of their fixed rate loan, the rate of interest will change only when there is a reset date and for the new loans, they will come after the downward revision in the rates. Of course, 100% of the new loans have become cheap. Also, there was an announcement of the new liquidity framework which is currently underway. A consultation paper will be released based on the internal working group. Where do you see the gaps as far as the liquidity framework is concerned? Rajnish Kumar: We have to wait for the report of the internal working group and once the report is out, then it would be fair to make a comment on that. But from a bank's perspective, we know that through CRR, a lot of pre-emption of resources happens. But last time, as part of the monetary policy, RBI did give some relief to the banks and that is where we are seeing its impact and there is enough liquidity in the system as of now. We are in a regime where there is ample liquidity in the system and the rates are showing a downward trend and from the peak the rates have come down by 100 basis points. In every monetary policy, we cannot expect that RBI will keep on cutting the rates further. Live Events You Might Also Like: Will the dream run for home loan borrowers continue despite RBI pausing repo rate? Liquidity is quite in surplus as compared to the last few quarters and the impact of the CRR cut is yet to be seen. Do you think that there is a scope for further credit growth in the market on the back of the decision which has been taken by the Reserve Bank of India? More importantly, when you are talking about rate transmission, do you think many of the banks which have reported weak macros –at least in the commentary they have stated so– there is also rising stress. Do you think that is also weighing upon the rate of transmission? Rajnish Kumar: No, I have already explained how and what are the constraints on the banking system and there is rigidity on both sides – the loan book side as well as the deposit side. As far as CRR is concerned, what it does is that because of the pre-emption of resources, when there is a CRR cut, the cost for the bank comes down. To that extent, there is an impact even if it is marginal on the income of the banks. So, it becomes a combination of factors. In today's scenario, if I look at credit growth, it is a demand-supply function. But today looking at the state of affairs, I do not think there is any supply side constraint when it comes to growth. If there are projects and if there is demand from the corporates, then credit growth can pick up. On the retail side, the banks have been doing well. There were certain pointers from the Reserve Bank of India about their discomfort on the growth of unsecured personal loans. We have seen that there is a slowdown and there is also some stress building up there. So, the growth in the retail segment, particularly in what we call the P segment, is seeing a slowdown. In the overall structure of lending, a key shift can be seen in the balance sheet of all the banks. I will take the State Bank's example; at one point of time, the corporate book of SBI used to be in the range of 60% and retail, agriculture, and MSME would be 40% and now this ratio has almost reversed where corporate book has gone down to 40%. So, now which sector will see demand? If you ask me about the bank's capacity to lend, it is very much there. There is enough liquidity and the growth will now be a function of the demand and not as much from the supply side. You Might Also Like: RBI's monetary policy pause leaves room for another rate cut in coming months: Experts ETMarkets WhatsApp channel )
Economic Times
34 minutes ago
- Economic Times
Biggest positive trigger for markets would be a sustainable resolution of tariff issue: Abhay Agarwal
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets , Founder & Fund Manager,, says the markets are eagerly awaiting a resolution to the US president's tariff disputes, as the daily threats are impacting Indian industries. Order cancellations from US buyers in sectors like textiles and auto ancillaries are already occurring due to tariffs. A sustainable resolution is crucial to restore market confidence and prevent companies from withdrawing earnings RBI policy was largely on expected lines but there were a couple of things that kind of differed from the past statements by the governor and one of them was the worry that the growth that they are seeing is uneven and I do not think as a governor he would want to see that or even the finance ministry would want to see thing on their mind is how do we make sure that there is an even growth or largely even growth? The second is that the real inflation on the Street is higher than what the name plate inflation is showing and that is one of the reasons they want to see that play out over the next quarter or so, before deciding on the next rate is ample liquidity and that is the other thing that he indicated but what they want to see is that the rate transmission takes place right to the bottom of the pyramid which I do not think has taken place as per their expectations. So, for RBI, it is a work in process that it is not only just rate cuts that will drive the economic growth but also these impacts of rate cuts being felt by everybody, the borrowers and the industry kicking off of the private capex is a wider agenda that he referred to and it will be interesting to see. The good thing from a market perspective is to see that the RBI is very focused on these key issues and will hopefully resolve them over the next three months and we will see the impact of that in the earnings in probably the third quarter this markets are waiting for positive triggers and the biggest positive trigger is some kind of resolution to these tariff tantrums by the US president. This daily negative news flow, daily threats and it is something that people can discuss but completely out of control. Unfortunately, what I am seeing is that the impact of these tariffs are already being felt by the Indian have heard over the last couple of days, cancellation of orders by large US buyers from Indian suppliers in textiles, small auto ancillaries, and some consumer products because they do not want to pay that kind of tariff for imports from India. The Indian industry is already feeling the heat. It is not a discussion or a threat anymore. This has biggest positive trigger for the markets right now would be some kind of sustainable resolution of this daily tariff threat that has already started impacting Indian exporters and that will give the market confidence that the earnings can be forecast. Otherwise, most of the companies' management will pull out their management guidance for the next quarter and the quarter after that. It is very important that some kind of resolution comes into play.
Mint
34 minutes ago
- Mint
India bond yields to extend rise on central bank policy woes
MUMBAI, Aug 7 (Reuters) - Indian government bond yields are likely to extend their rise on Thursday, following the previous session's sharp selloff, which was triggered by disappointment over the central bank's monetary policy decision and commentary. The yield on the benchmark 10-year bond is likely to move between 6.40% and 6.45%, a trader at a private bank said, after closing at 6.4162% on Wednesday, the highest closing since April 15. The Reserve Bank of India held its key policy rate steady on Wednesday, as the policymakers opted for a wait-and-watch approach to see the impact of the previous rate cuts on the economy. The RBI also kept its growth forecasts unchanged, while reducing the inflation forecast. RBI Governor Sanjay Malhotra said that while inflation is much lower than expected, it is largely due to volatile food prices and is set to rise by end of the year. The decision came even as a rising number of market participants had hoped for a rate cut. The market is now divided with several analysts saying the economic outlook suggests that there may be no more rate cuts. "The policy will decide on which side of the par level of 6.33% the benchmark bond yield moves," the trader said. State Bank of India said the repo rate of 5.50% seems to be "a long haul" for now and the bar for a further rate cut in 2025 is now even higher. India's overnight index swap rates may continue to see paying as the interest rate outlook is uncertain. The one-year OIS rate ended nearly 7 basis points higher at 5.51%, and the two-year OIS rate rose 8 bps to 5.47%. The liquid five-year OIS rate rose by 6 basis points to 5.70%. KEY INDICATORS: ** Benchmark Brent crude futures up 0.9% to $67.50 per barrel after easing 1.1% in previous session ** Ten-year U.S. Treasury yield at 4.2442%; two-year yield at 3.7157% (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
