Bank Holiday Today: Banks across India will remain open on Saturday, June 5, except for Jammu and Kashmir, as per the RBI bank holiday calendar.
Banks across Jammu and Kashmir will remain closed today due to Guru Hargobind Ji’s Birthday, the sixth of the ten Sikh Gurus.
There are bank holidays across India on the second and fourth Saturdays, as per RBI bank holiday rules. Since it is the first Saturday of the month, banks will remain open on July 5.
Banks remain closed on all Sundays. Apart from weekends, bank holidays are based on national, regional and religious observances, depending on the state of residence.
The RBI categorises all bank holidays into three parts, namely, Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts.
Therefore, bank holidays vary depending on the state or area you reside in.
The next bank holiday is scheduled on July 6, which is a Sunday. Banks across India will remain closed on this day. After that, banks will be closed on July 12 and 13, due to the weekend again. The next bank holiday due to a festival is on July 14, when banks in Meghalaya will remain shut due to Beh Deinkham.
Online banking services remain available all thorough the year, even on bank holidays. This ensures seamless banking services on bank holidays. Customers can avail the online banking services for various purposes like UPI, money transfer, net banking, applying for online loan, requesting a chequebook and more.