
Bank holidays in June 2025: Banks will be closed for 12 days - Check full list here
List of bank holidays in June 2025: If you're planning any banking tasks for the upcoming month, make sure to check the list of bank holidays in June 2025. Banks across India will remain closed on 12 days in June due to national and regional festivals, along with regular weekly offs.
Why do banks have holidays in June 2025?
Every month, banks in India observe certain public holidays. These are declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act. While some holidays are common nationwide, others vary from state to state depending on local events, religious festivals, and regional observances.
In June 2025, banks will be closed on weekends like Sundays and second and fourth Saturdays, in addition to major festivals such as Id-ul-Ad'ha (Bakrid), Kabir Jayanti, Ratha Yatra, and Remna Ni.
June Bank holidays 2025 — Complete list of bank closures
Here's the full list of bank holidays in June 2025:
June 1 (Sunday) – Weekly off (All banks closed across India)
June 6 (Friday) – Id-ul-Ad'ha (Bakrid) – Banks closed in Kerala
June 7 (Saturday) – Bakri ID (Id-Uz-Zuha) – All banks closed pan-India
June 8 (Sunday) – Weekly off (All banks closed across India)
June 11 (Wednesday) – Sant Guru Kabir Jayanti / Saga Dawa – Banks closed in Sikkim and Himachal Pradesh
June 14 (Saturday) – Second Saturday (All banks closed across India)
June 15 (Sunday) – Weekly off (All banks closed across India)
June 22 (Sunday) – Weekly off (All banks closed across India)
June 27 (Friday) – Ratha Yatra / Kang (Rathajatra) – Banks closed in Odisha and Manipur
June 28 (Saturday) – Fourth Saturday (All banks closed across India)
June 29 (Sunday) – Weekly off (All banks closed across India)
June 30 (Monday) – Remna Ni – Banks closed in Mizoram
These June Bank holidays can affect your financial planning if you have to visit the branch. So, it's a good idea to check this list of bank holidays and plan ahead.
Are banking services open during holidays?
Yes, even during bank holidays in June 2025, digital services such as mobile banking, net banking, ATMs, and UPI payments will be available as usual. These services are not affected by public holidays unless there's a technical issue or scheduled maintenance, which banks usually inform users about in advance.
So, you can still transfer money, check your balance, or make digital payments even if the bank branch is closed.
Who decides the list of bank holidays?
The RBI, in consultation with state governments, prepares and announces the list of bank holidays each year. These are declared under the Negotiable Instruments Act, 1881, and take into account:
Religious festivals
National events
Local celebrations
State-specific holidays
Operational needs of banks
The full list for the year is usually published on the RBI's official website and is also shared with banks and financial institutions.
To avoid any inconvenience, it's wise to keep track of the June Bank holidays 2025 before planning any branch visits or banking-related work. While most basic services remain available online, knowing the bank holidays in your state helps ensure smooth transactions without delays.
Make sure to bookmark this list of bank holidays in 2025 to stay updated!
For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
38 minutes ago
- India Today
India's inflation is stabilising — even better than G20 partners!
India has now become the world's fourth-largest economy — a major milestone for the nation in its own right. But even at home, things are looking up as India works towards tackling the past two years, inflation in India has moderated, showing clear signs of stabilisation within the Reserve Bank of India's tolerance band of two to six per cent. After peaking at 7.4 per cent in July 2023, headline inflation dropped to 3.2 per cent in April this year, according to the Organisation for Economic Co-operation and Development's June 2025 Economic Outlook report. Core inflation has also steadily declined from over six per cent in early 2023 to 4.1 per cent in Headline inflation measures the total rise in prices, including food and fuel, reflecting the overall cost of living. Core inflation, which excludes food and fuel, reveals the underlying, long-term trend in price BEGINS POLICY EASINGWith inflation coming under control, the RBI has begun to loosen the reins on monetary policy. Early 2025 saw two interest rate cuts, one in February and another in April, lowering the policy rate from 6.5 per cent to six per cent. Despite these moves, financial conditions remain relatively tight, and the RBI is expected to proceed with caution, aiming for a gradual 25 basis point cut by the end of 2025 to bring rates closer to neutral. These calibrated steps are designed to nurture economic growth without letting inflation slip out of LEADS G20 IN GROWTHadvertisementAccording to the OECD report, India is expected to lead the G20 in growth, with real GDP projected to rise by 6.3 per cent in 2025 and 6.4 per cent in 2026 — more than double the group's average of 2.9 per cent. Meanwhile, China's growth is forecast to slow from 4.7 per cent in 2025 to 4.3 per cent in headline inflation outlook for G20 countries shows a general trend of decline from 2024 to 2026, although some countries display different patterns. Argentina and Turkey, which experienced extremely high inflation in 2024 at 219.9 per cent and 58.5 per cent, respectively, are projected to see significant decreases in inflation over the next two years, dropping to 14.9 per cent and 18.5 per cent by 2026. Russia's inflation is expected to peak at 9.7 per cent this year before declining to 6.1 per cent in has a slight downward trend, with inflation expected to moderate from 4.6 per cent in 2024 to 4.1 per cent in 2025 and then remain almost steady at four per cent in 2026. Brazil, in contrast, will see a small increase in inflation from 4.4 per cent in 2024 to 5.7 per cent in 2025 before a moderate decrease to 5 per cent in is an exception among the major economies, with inflation forecasted to increase gradually from 0.2 per cent in 2024 to 1.4 per cent in 2026, reflecting a modest rise over the period. Overall, the G20 average inflation rate is expected to decrease steadily from 6.2 per cent in 2024 to 3.6 per cent in 2025 and further to 3.2 per cent in InMust Watch


Indian Express
an hour ago
- Indian Express
RBI Policy: Why the MPC is likely to cut repo rate for the third consecutive time
The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) is expected to cut the repo rate – the key policy rate – by 25 basis points (bps) in the policy meeting scheduled from June 4 to 6, to support growth as inflation continues to remain below the 4 per cent target. This would be the third consecutive reduction in the repo rate since February 2025. A section of analysts, however, are of the view that the MPC may deliver a 50 bps cut to boost growth. Economists also believe that the RBI may maintain the 'accommodative' monetary policy stance. With benign inflation, there has been a consensus among economists that the six-member MPC will cut the repo rate by 25 basis points (bps) to 5.75 per cent in the policy scheduled to be announced on June 6. One basis point (bps) is one-hundredth of a percentage point. 'We expect RBI to cut policy rates by 25 bps in June. The space to cut policy rates is derived from sharp deceleration in inflation. Meanwhile, given the uncertainty on demand conditions both domestic and external, growth requires money policy support,' said IDFC First Bank Chief Economist, Gaura Sengupta. Headline inflation, as measured by year-on-year changes in the all-India consumer price index (CPI), moderated to 3.2 per cent in April, the lowest since July 2019, from 3.3 per cent in March. The easing in CPI has been driven by the sustained fall in food prices. Economists said that with inflation remaining below the 4 per cent target in the last three months (February, March and April), and a sharp fall in food inflation, CPI is likely to durably align with the 4 per cent target over a 12-month period. Under the flexible inflation targeting (FIT) framework, the RBI has been mandated by the government to maintain CPI at 4 per cent with a band of +/-2 per cent. 'The benign inflation outlook and moderate growth warrant monetary policy to be growth supportive, while remaining watchful about the rapidly evolving global macroeconomic conditions,' the RBI said in the annual report for 2024-25. State Bank of India's Group Chief Economic Adviser Soumya Kanti Ghosh said, 'We expect a 50-basis point rate cut in June 2025 policy as a large rate cut could reinvigorate a credit cycle.' If RBI reduces the repo rate by 50 bps, the 10-year benchmark yield is likely to fall by 10-15 bps. On Thursday, yield on the new 10-year bond (6.33%-2035) closed at 6.19 per cent. The MPC's announcement will come a day after the European Central Bank (ECB) announced to lower the interest rate by 25 bps. Accordingly, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2 per cent, 2.15 per cent and 2.4 per cent respectively, with effect from June 11, 2025. Will there be a change in the policy stance? The MPC is likely to retain the monetary policy stance as 'accommodative', analysts said. In the April policy, the rate-setting panel had changed the stance from neutral to accommodative. According to economists, the RBI is likely to revise its projections on real gross domestic product (GDP) and inflation for FY2026. 'The commentary on both growth and inflation will be important as there are expectations of revisions in their forecasts for both the parameters. It is also expected that the RBI will detail its analysis on how the global environment would be affecting the Indian economy considering that the tariff reprieve provided by the USA would end in July,' said Madan Sabnvis Madan Sabnavis, Chief Economist at Bank of Baroda. As per the RBI's estimate, CPI inflation for 2025-26 is expected to be at 4 per cent. The easing of supply chain pressures, softening of global commodity prices and higher agricultural production on the back of a likely above-normal south-west monsoon augur well for the inflation outlook in 2025-26, the RBI's annual report said. 'Any potential downward revision in FY26 CPI inflation will be closely watched, as it will provide an indication of the depth of the rate cutting cycle,' said IDFC First Bank's Sengupta. The real GDP growth for 2025-26 is projected at 6.5 per cent. In the quarter ended January-March 2025, the domestic economy picked up pace and grew at a four-quarter high of 7.4 per cent. For the financial year 2024-25, the growth rate stood at 6.5 per cent, which was a four-year low. 'The Indian economy is poised to sustain its position as the fastest growing major economy during 2025-26, supported by pickup in private consumption, healthy balance sheets of banks and corporates, easing financial conditions and the government's continued thrust on capital expenditure,' the RBI's annual report said. How would a repo rate cut impact borrowers? If the repo rate is reduced by 25 bps, all external benchmark lending rates (EBLR) linked to it will decline by a similar margin. It would be a relief for borrowers as their equated monthly instalments (EMIs) on home and personal loans will drop by 25 bps. Following a 50 bps cut in the repo rate since February 2025, most banks have reduced their repo-linked lending rates by the same magnitude. Lenders have also lowered their marginal cost of funds-based lending rate (MCLR). Is RBI likely to cut the repo rate further? Following the likely repo rate cut in the June policy, the RBI may go for a total reduction of 50 bps in the current financial year, experts said. 'Two more cuts over the subsequent two policy reviews are expected, taking the repo rate to 5.25 per cent by the end of the cycle,' said Aditi Nayar, Chief Economist, ICRA Ltd. 'We expect a 25bp rate cut at the upcoming June 6 meeting, followed by another in August, taking the repo rate to 5.5 per cent,' HSBC Global Research said in a report. The RBI may pause in October to evaluate the transmission of monetary policy to lending and deposit rates. 'We forecast a final rate cut in December, although much will depend on the state of growth around then,' the report said.

New Indian Express
an hour ago
- New Indian Express
Flipkart gets RBI approval for direct lending
Ecommerce firm Flipkart has secured non-bank financial company (NBFC) licence from the Reserve Bank of India. This will enable the company to offer loans directly to consumers and sellers on its platform. The licence has been granted to Flipkart Finance Private Limited. Also, it is said that this is the first time a major ecommerce company has received NBFC status. Walmart-owned Flipkart had applied for the licence in 2022 and it is said that the company might start its lending operation soon. It is reported that the ecommerce giant will be lending directly to its customers on its platform. Last month, in the townhall 'Flipster Connect', CEO Kalyan Krishnamurthy had said that the company will be hiring 5,000 employees and that a majority of these hires will be working at Flipkart Minutes, which is the firm's quick commerce arm and its fintech platform. Krishnamurthy also spoke about the flip back of the company and said that he was confident that they will continue to focus on profitability with a renewed emphasis on customer centricity.