Today, July 27, is the fourth Saturday of the month, and as a result, all banks in India, including both public and private ones like the State Bank of India (SBI), are closed. Indian banks are closed on the second and fourth Saturdays of each month, as well as on all Sundays. Additionally, banks observe holidays for various religious and regional celebrations throughout the month. In July, banks had a total of 12 holidays, including weekends and local festivities.

The Reserve Bank of India (RBI) collaborates with state governments to create an annual holiday schedule for banks, considering national and local events, operational requirements, religious celebrations, and other cultural observances. The central bank announces this schedule through its official website and notifications to banks and other financial institutions.

If you have urgent needs, banks will continue to provide online and mobile banking services through their websites and apps, even on weekends and during holidays, unless there are specific system or security issues. You can also use ATMs for cash withdrawals.

Bank holidays can vary by state due to regional requirements. Therefore, it is advisable to check with your nearest bank branch to get the complete list of holidays, helping you plan better and avoid last-minute confusion and emergencies.

4 Bank Holidays This July: State-Specific Closures: This month’s past holidays included: July 3 (Meghalaya), July 6 (Mizoram), July 7 (Sunday), July 8 (Manipur), July 9 (Sikkim), July 13 (second Saturday), July 14 (Sunday), July 16 (Uttarakhand), July 17 (Muharram/Asura), and July 21 (Sunday).

Upcoming weekend holidays include July 27 (the fourth Saturday) and July 28 (Sunday). All non-working days listed on the bank’s annual holiday calendar have been established by the RBI in accordance with the Negotiable Instruments Act, which governs the issuance of cheques and promissory notes. Consequently, transactions involving these instruments are not processed during these holidays.