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Bank Holidays in India 2025: Are banks open or closed on Thursday, July 3? Full city-wise list inside

Bank Holidays in India 2025: Are banks open or closed on Thursday, July 3? Full city-wise list inside

Indian Express03-07-2025
Kharchi Puja Bank Holiday in India 2025: According to the Reserve Bank of India's (RBI) 2025 holiday calendar, public-sector banks (PSBs) and private banking institutions will be closed on Thursday, July 3, on account of Kharchi Puja.
The Reserve Bank of India (RBI) determines bank holidays in India by the Negotiable Instruments Act, which includes RTGS holidays and other regional and national holidays. Banks are also closed on the mandated weekly days off, which are the second Saturday and Sunday of each month.
According to the RBI calendar for fiscal year 2025, 13 bank holidays have been scheduled for July 2025.
Kharchi Puja is celebrated in the northeastern state of Tripura and is also called the 'Festival of 14 Gods'. The festival is focused on the worship of Chaturdasa Devata, the ancestral deity of the Tripuri people. It holds great religious and cultural significance and highlights the rich history and traditions of the community.
It's important to note that banks in Agartala, the capital city of Tripura, will observe closure, and the remaining will be operational as usual; below is the table of bank status for today, July 3, 2025:
Source: RBI Holiday Calendar List – 2025
Customers should be aware that, notwithstanding the holidays, internet banking services will continue to operate normally. This implies that consumers may continue to do online banking, mobile banking, and UPI transactions without interruption.
Customers are encouraged to plan any in-branch visits around the holiday and make use of online options for uninterrupted banking.
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Despite RBI's rate cuts, Indian G-Sec yields remain range-bound due to US yield pressures, says Rajkumar Subramanian
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While structural foundations are in place, enhanced transparency, broader investor inclusion, and deeper secondary activity are essential to transform the market into a more vibrant and inclusive capital-raising avenue.A) Several converging factors have propelled corporate bond issuance in 2025 to unprecedented levels, with total fund-raising nearing ₹10 marks a significant shift in corporate funding dynamics. Lower interest rates—following 100 basis points of cumulative rate cuts by the RBI—created an attractive window for issuers to tap long-term capital at competitive the same time, narrowing spreads and abundant liquidity in the system further incentivized bond market access. Corporates have also displayed strong intent to finance capex and refinance high-cost legacy corporate capital expenditure has seen double-digit growth, underpinned by rising business confidence and stronger balance sheets. 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