Kolkata: Nowadays many people can get work done of a bank irrespective of whether it is a banking holiday or not. This is courtesy technology which powers online and digital banking. Banks are virtually present in our computers (online banking) and in our mobile phones (digital banking) and even at the street corners (through ATMs). However, despite the proliferation of banking services through multiple mediums, many people have to visit the branches of banks to conduct business. Some customers have to do it for some jobs like getting a demand draft made. There are also a lot of people in our country who are not comfortable using with the necessary technology. Some might not have the resources/wherewithal or even the literacy to get their jobs done through ATMs or online or through the mobile phone apps. For them it matters whether banks are closed on a Saturday or not.
According to RBI rules, banks in India are closed for business on the second and fourth Saturdays of each month. They open for business on first and third Saturdays. All banks are closed on all Sundays of all months. Since June 14 is the second Saturday of May 2025, branches of all banks will be closed to customers for business.
Negotiable Instruments Act
Banking holidays on Saturdays fall under the Negotiable Instruments Act category. Incidentally, Reserve Bank of India has three types of holidays for banks — those under the Negotiable Instruments Act, those which are under Real-Time Gross Settlement (RTGS) and those which are related to closing of accounts.
Bank holidays in rest of June 2025
June 15: Raja Sankranti will be observed in Odisha and Sikkim. But it is a Sunday.
June 27: Ratha Yatra will be observed in Odisha and Manipur. It is a Friday.
June 30: Remna Ni will be observed in Mizoram. It is a Monday.
However, though today is a banking holiday, one can conduct many banking operations through the online, digital and ATM route. There were more than 2.16 lakh ATMs in the country at the end of FY25. Incidentally, more and more private banks are increasing the number of their ATMs while public sector banks have been consolidating and beefing up their digital services.
Reserve Bank of India rules say that all banks will be closed on the second and fourth Saturdays of every month. June 14 is the second Saturday of the month of June and therefore a holiday for banks. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
