Banks to remain closed for 4 out of 8 remaining days in July

This year the month of July is on its last leg, just eight days left. However, in these few days, there are still four bank holidays left in July, mainly due to weekends. The Reserve Bank of India, in its rules for implementing bank holidays, has said that lenders will be closed on the second and fourth Saturdays of every month, but will work on other Saturdays. Banks to Remain Closed for 4 Out of 8 Remaining Days in July.

The central bank prepares a monthly list of bank holidays at the beginning of each year, according to which lenders of specific regions remain closed. As per that calendar, there is one more regional bank holiday in July to be implemented. There is a bank holiday on July 23 and 24 due to the weekend, where all lenders across private and public sectors will be closed in the country. Apart from this, on July 31, there is also a weekend leave for a Sunday.

There is a regional holiday on July 26 on the occasion of Ker Puja in Tripura, when banks across the state will be closed. It must be noted that many bank holidays are regional and may differ from state to state and bank to bank. There were 14 bank holidays in July, 10 of which have been used up. However, some bank holidays are region-specific, like the one mentioned above.

The Reserve Bank fixes the bank holidays each year under three categories, including the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. Among these, the ‘Holiday under Negotiable Instruments Act’ categorisation sees the highest number of holidays. Branches of all public sector, private sector, foreign banks, cooperative banks and regional banks remain shut on notified holidays by the Reserve Bank of India.

Also Read: School students good news here, Government made big announcement

List of Bank Holiday month of July 2022:

July 1: Kang (Rathajatra)/ Ratha Yatra — Bhubaneshawar

July 7: Kharchi Puja — Agartala

July 9: ld-Ul-Ad’ha (Bakrid) — Kochi, Thiruvananthapuram; Banks will also be shut across the country as this is the second Saturday of the month

July 11: Eid-ul-Azha — Srinagar, Jammu

July 13: Bhanu Jayanti — Gangtok

July 14: Beh Dienkhlam — Shillong

July 16: Harela — Dehradun

July 26: Ker Puja — Agartala

List of Weekend Leaves

July 3: First Sunday

July 9: Second Saturday + Bakrid

Also Read: KCET Result 2022: kea.kar.nic.in download results

July 10: Second Sunday

July 17: Third Sunday

July 23: Fourth Saturday

July 24: Fourth Sunday

July 31: Fifth Sunday.