Banks to remain closed for 16 days in July

Banks will remain closed for 16 days in the month of July this year. The instructions of Reserve Bank of India have come out in this regard that there are eight holidays are (state specific) on different occasions and others are national holidays that are decided by the government.

Bank holidays are categorized under three categories:

• Holiday under Negotiable Instruments Act
• Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday.
• Banks’ Closing of Accounts

Banks will be closed in Jammu-Kashmir on 5^th July because of Guru Hargovind ji’s birthday and in Mizoram on MHIP day on 6^th July. They will also remain closed on July 11^th on the occasion of Ker Pooja in Tripura.

Banks will also be closed in Tripura, Jharkhand, West Bengal, Mizoram, Maharashtra, Madhya Pradesh, Uttar Pradesh, New Delhi, Rajasthan, Himachal Pradesh, Tamil Nadu, and Andhra Pradesh on the occasion of Muharram on 29^th July.

Apart from this here is the list of other occasion on which Banks will remain closed:

1. July 2^nd- Sunday
2. July 5^th- Guru Hargovind ji’s birthday in Jammu-Kashmir
3. July 6^th- MHIP day in Mizoram
4. July 8^th- Second Saturday
5. July 9^th- Sunday
6. July 11^th- Ker Pooja in Tripura
7. July 13^th- Bhanu Jayanti in Sikkim
8. July 16^th- Sunday
9. July 17^th- U Tirot Singh Day in Meghalaya
10. July 21^st- Drukpa Tshe-zi in Sikkim
11. July 22^nd- Fourth Saturday
12. July 23^rd- Sunday
13. July 28^th- Ashoora in Jammu and Kashmir
14. July 29^th- Muharram in Tripura, Jharkhand, West Bengal, Mizoram, Maharashtra, Madhya Pradesh, Uttar Pradesh, New Delhi, Rajasthan, Himachal Pradesh, Tamil Nadu, and Andhra Pradesh
15. July 30^th- Sunday
16. July 31^st- Martyrdom Day in Haryana and Punjab