Bank Holidays 2025: Are banks open or closed today, June 7?
Muharram marks the beginning of the Islamic New Year, which was marked yesterday, on July 6, 2025 (Sunday), as the date for Ashura, the 10th day of Muharram. It is the first month of the Islamic calendar and one of the holiest times for Muslims. The day is marked by the Muslim community with prayers, religious gatherings, and mourning processions.
The 10th day, called Ashura, is especially important for Shia Muslims. It remembers the martyrdom of Imam Hussein, the grandson of Prophet Muhammad, who died in the Battle of Karbala in 680 AD.
Banks across India were closed this weekend, on Saturday, on account of Guru Hargobind Ji's Birthday and a mandatory weekly off on Sunday – in addition to seven listed bank holidays in July this year, as designated by the RBI.
According to the RBI Calendar for 2025, banks in India will operate as usual, with no holidays indicated for Monday, July 7, 2025.
The RBI lists bank holidays based on national and local occasions, operational requirements, religious celebrations, and other cultural observances.
Customers should be aware that, notwithstanding the holidays, internet banking services continue to operate normally on bank holidays.
Most schools in India reopen in early July after summer vacation ends in June. In northern states like Uttar Pradesh, classes have already started. Other than Muharram, there are no major holidays in early July. The CBSE has released the 2025–26 academic calendar, which includes holidays for national festivals, regional events, and seasonal breaks.
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