Are Banks Open Or Closed on Saturday, July 19?
Banks will remain open on Saturday, July 19. However, the bank, in Tripura, will be closed due to Ker Puja, a special festival celebrated in the state.
Ker Puja is held to honour Ker, a local guardian deity believed to protect people from disasters and external dangers.
According to the Reserve Bank of India (RBI), there are seven official bank holidays in July. These include both national and state-specific holidays, along with regular weekend closures.
The RBI, along with state governments, creates the holiday list each year by considering festivals, cultural events, and local customs. The list is published on the official RBI website and also shared with banks and financial institutions. The schedule follows the rules under the Negotiable Instruments Act.
Here is a quick look at the upcoming bank holidays in the second half of July:
– July 19 (Saturday): Banks will be closed only in Tripura due to Ker Puja.
– July 20 (Sunday): All banks across the country will be shut.
– July 26 (Saturday): It's the fourth Saturday, so banks will remain closed nationwide.
– July 27 (Sunday): As it's a Sunday, banks will again be shut across the country.
– July 28 (Monday): In Gangtok, banks will remain closed for Drukpa Tshe-zi, a local festival.
Don't worry! Even on holidays, online and mobile banking services are available. You can still check your balance, transfer money, pay bills, or use UPI and ATM services—unless there is a technical issue or maintenance work going on.
Since bank holidays may vary depending on your state or city, it is always a good idea to check with your local bank branch in advance. This way, you can plan better, especially around weekends or when you expect urgent transactions. Being aware of the bank holiday calendar can help you stay prepared and avoid any last-minute issues with your financial tasks.
What is Ker Puja?
Ker Puja is a sacred festival celebrated in Tripura by the Tripuri and Halam tribes. It honours Ker, the guardian deity believed to protect the land and its people. Held 14 days after Kharchi Puja, the festival includes rituals meant to ward off evil and ensure peace in the community.
view comments
First Published:
July 18, 2025, 17:45 IST
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
Indian Express
7 minutes ago
- Indian Express
Indians' spending on foreign education could double to $91 bn in 2030
Indian families could end up spending $91 billion on foreign education for their children in 2030, up from $44 billion in 2024, with the money they lose due to exchange rate markups and fees charged by traditional banking players potentially approaching half a billion US dollars. According to a report by global payments firm Wise and Redseer Strategy Consultants, released on Friday, around a quarter of the annual foreign education spending of Indians — amounting to roughly $11 billion in 2024 — is met through money transferred overseas from India, with the rest largely coming from earnings and financial support within the destination country. According to the report, more than 95 per cent of these remittances go through traditional banking channels, which charge a mark-up of 3-3.5 per cent on the exchange rate. 'A typical family sending Rs 30 lakh annually may lose Rs 60,000–75,000 to hidden markups, enough to cover several months of living expenses or fund additional courses. Across the 760,000 Indian students heading abroad, this amounts to a significant hit to their pocket,' Wise and Redseer said in a statement, adding that in 2024 these costs totalled $200 million, or Rs 1,700 crore, for Indian families. The high cost of cross-border transfers has been a key focus area for the Reserve Bank of India (RBI), which has in recent years highlighted the fees and time delays associated with them. According to the World Bank, the global average cost of sending remittances was 6.62 per cent of the amount in July-September 2024. The cost of making international payments rises depending on the number of intermediaries, or correspondent banks, involved, with fees being charged and operational delays possible at every stage. These costs and delays have been a key driver of central banks exploring the use of their digital currencies to make cross-border transfers. The government and the RBI have pushed for the linking of national instant payment systems, with India's Unified Payments Interface (UPI) linked with Singapore's PayNow. Earlier this week, the National Payments Corporation of India enhanced the UPI-PayNow linkage by adding 13 more Indian banks — taking the total to 19 — whose customers can receive remittances from Singapore via UPI. According to latest RBI data, the money sent abroad by Indian residents for overseas education under the central bank's Liberalised Remittance Scheme (LRS) fell 21 per cent year-on-year in April to $164 million. In fact, expenditure under the LRS for overseas studies was down 21 per cent for the first four months of 2025 at $874 million, with the fall in April being the ninth month in a row that money sent abroad for studies under the scheme was down on a year-on-year basis. Under the LRS, the RBI permits residents to send up to $250,000 abroad every financial year for certain current and capital account transactions, including travel, studies, medical treatment, and investments in foreign stocks, among others. The continued fall in money sent abroad by Indians for studies comes amid uncertainty in the US, with the number of student visas issued to Indians in the first nine months of 2024 down 38 per cent year-on-year, The Indian Express had reported in December 2024. However, according to the Wise-Redseer report, the number of Indian students studying abroad could cross 25 lakh in 2030. Indian students made up around a third of the international student population in key education hubs such as US, Canada, UK, and Australia in 2024, up from 11 per cent a decade ago, according to the report. 'Traditional destinations remain attractive while emerging hubs such as Germany, Ireland, the UAE, and Singapore gain traction due to affordable costs, and strong post-graduation employment opportunities,' it added. To be sure, key destination countries such as the US, Canada, UK, and Australia have tightened visa and admission policies for international students, the Wise-Redseer report said. Canada, for instance, has more than doubled the minimum proof of living expenses in the last couple of years to 22,985 Canadian dollar starting September 1. In Australia, the report said, the required IELTS score — a measure of applicants' English proficiency — was last year increased by 0.5-1 points across several categories. 'Considering these challenges, alternative destinations like Germany, Ireland, and New Zealand are gaining traction. These countries offer benefits such as streamlined visa processes, enhanced post-study work opportunities, and relaxed residency policies,' the report said. (1 Canadian dollar equals Rs 62.794 as recorded at 9:52 pm IST on July 18, 2025)
News18
7 minutes ago
- News18
Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26
Last Updated: New Delhi, Jul 18 (PTI) Healthy snacking brand Farmley expects revenue to nearly double to Rs 600-700 crore in the current financial year, driven by growing demand for nutritious snacks, the company said on Friday. The Noida-headquartered startup, founded in 2017 by two Indian Institute of Technology alumni, reported a revenue of Rs 370 crore during FY 2024-25. 'We aim for Rs 600-700 crore revenue in the current fiscal with expansion of our presence in both offline and online channels," the company's CEO and co-founder Akash Sharma told PTI at a healthy snacking summit. Farmley plans to invest Rs 40-50 crore in a new factory near Noida to boost production capacity, with the facility expected to be operational next year, Sharma said. The company hopes to achieve profitability in the current financial year. The firm's product portfolio includes dry fruits, seeds, healthy snacks, savouries and ready-to-eat mixes, focusing on quality, nutrition and affordability. A company report released on Friday showed roasted and flavoured dry fruits were the most preferred savoury snack among 36 per cent of respondents, while 19 per cent specifically chose makhana, a type of puffed lotus seed. Over 55 per cent of survey participants said they actively seek clean, preservative-free snacks, while 52 per cent prefer resealable, eco-conscious packaging. Nearly 45 per cent of consumers favour portable snack formats like dry fruit-based desserts and energy bars. PTI LUX LUX SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 18, 2025, 18:15 IST 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.
News18
29 minutes ago
- News18
I-T dept cautions public against phishing emails for tax refunds
Agency: Last Updated: New Delhi, Jul 18 (PTI) The Income Tax Department on Friday cautioned the public against phishing emails relating to tax refund and asked people not to click on suspicious links. In a post on X, the I-T department said it never asks for bank details or personal information of a taxpayer via email. It advised taxpayers to verify refund status only on the official website ( 'Fake Income Tax Refund Email Warning! Received an email about an 'Income Tax Refund" requiring urgent 'manual confirmation"? This is a #phishing scam!," the I-T department said. PTI JD MR MR 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.
