Bank Holidays 2025: Why Banks Will Be Closed For 4 Days From June 27-30? Ratha Yatra To Fourth Saturday

Indian banks are in for a long weekend this week, with four back-to-back holidays queued from June 27 to June 30th. Among the major events this week are Ratha Yatra and Remna Ni. Also, banks will be closed on the fourth Saturday.

Bank Holiday On June 27:

Banks will be closed in regions of Imphal and Bhubaneswar because of Ratha Yatra/Kang (Rathajatra). In the remaining places, banks will be open.

Bank Holiday On June 28:

On this day, banks will be closed because it's a fourth Saturday. As per RBI guidelines, all scheduled and non-scheduled banks - public, private, foreign, cooperative, regional rural and local area banks - will observe public holidays on second and fourth Saturdays and will observe full working days on Saturdays other than second and fourth Saturdays. This has come into effect since September 2015.

Accordingly, payment systems will not be operated on second and fourth Saturdays but will operate for full days on working Saturdays. Payment systems typically include Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing operated by various Bankers' Clearing Houses in the country including the grid-based Cheque Truncation System (CTS) and ECS suite [Electronic Clearing Service (ECS), Regional Electronic Clearing Service (RECS) and National Electronic Clearing Service (NECS)].

Bank Holiday On June 29:

All banks will be closed on June 29 due to the Sunday holiday.

Bank Holiday On June 30:

On this day, banks will be closed in the region of Aizawl due to Remna Ni.

Ratha Yatra 2025:

The Ratha Yatra is held in the city of Puri, in the state of Odisha, India and is associated with the deity Jagannath (a form of Vishnu or Krishna). During the festival, three deities (Jagannath, his brother Balabhadra and sister Subhadra) are drawn by a multitude of devotees in three massive, wooden chariots on bada danda (the grand avenue) to Gundicha Temple whereby they reside there for a week and then return to the Jagannath temple. This return trip is referred to as the Bahuda Yatra. On their way back from the Gundicha Temple, the three deities stop for a while near the Mausi Maa Temple (Aunt's abode) and have an offering of the Poda Pitha, which is a special type of pancake supposed to be the deity's favourite. After a stay of seven days, the deities return to their abode, as per Wikipedia.

The Ratha Yatra will close on June 27, 2025.

Remna Ni 2025:

Remna Ni, popularly known as "Day of Peace", has its roots in a turbulent period in the history of Mizoram. Mizoram, the homeland of the Mizo people, has seen years of strife and conflict during the rebellion. In the chaos and uncertainty, Remna's conception of Ni emerged as a beacon of hope and harmony. The festival has its roots in the teachings of Christianity, which has great influence on the Mizo community. It was a very dark time when the leaders and elders of Remna thought of Ni as a platform to promote unity, forgiveness and peace between people. The first Remna Ni was celebrated, starting a tradition that continues to this day, as per Pincodify.