Bank Holidays Next Week: Why Banks Are Closed For Three Days Straight From July 26-28?

Banks are closed for a long weekend from July 26 to July 28, due to the fourth Saturday and the special holiday of Drukpa Tshe-zi. However, it needs to be noted that bank holidays vary from city to city.

Bank Holidays Next Week:

Bank Holiday On July 26:

All banks will be closed on July 26th since it's a fourth Saturday. As per RBI's guidelines, since September 2015, all banks in India have been observing the second and fourth Saturdays as holidays. These banks include all scheduled and non-scheduled banks - public, private, foreign, cooperative, regional rural and local area banks.

That being said, since September 2015, banks have been observing full working days on Saturdays other than the second and fourth Saturdays.

However, bank unions and employees have appealed to the government to consider all Saturdays as holidays, giving banks an opportunity to enjoy a two-day weekend holiday. However, a decision on this matter is still pending.

Bank Holiday On July 27:

All banks will be closed on July 27, since it's Sunday, which is a default weekend holiday.

Bank Holiday On July 28:

On this day, banks will be closed in certain regions of India due to the occasion of Drukpa Tshe-zi. For instance, banks will be closed in Gangtok. Besides this, banks will be opened in other states of India.

This is also the last special holiday for banks in July.

Drukpa Tshe-zi 2025 Significance:

As per the Sikkim government's website, Drukpa Tshe-zi is one of the most auspicious and significant occasions for Buddhists all over the world. This auspicious day falls on the 4th day (Tshe-zi) of the 6th month (Drukpa) of the Tibetan lunar calendar. It marks the day on which Lord Buddha gave his first sermon on the Four Noble Truths to his first five disciples in the Deer Park at Sarnath, more than 2500 years ago, after attaining enlightenment.

5 Major Questions Related To Bank Holidays Answered Here:

Q1. Who Makes The Decision On Bank Holidays?

The Government department in charge of bank holidays is the Department for Business, Energy, and Industrial Strategy (BEIS).

Q2. How Many Bank Holidays Occur Each Year?

The number of bank holidays may differ from one bank to the next and from one state to the next. National holidays such as Independence Day and the second and fourth Saturdays of each month, on the other hand, are fixed bank holidays observed by all banks.

Q3. Can NEFT Transactions Be Completed On Bank Holidays?

Because NEFT transactions are governed by the Reserve Bank of India, they operate in accordance with the RBI's guidelines. As a result, NEFT transactions do not occur on days when the RBI is closed.

Q4. Do Bank Transactions Take Place On Bank Holidays?

Unless your bank uses Faster Payments, yes. Banks are closed on public or bank holidays because they are considered non-business days.

Q5. How To Access Banking Services On Bank Holiday?

During a bank holiday, customers can access the banking services 24X7, using the internet, mobile banking, and ATM services. These services will be available for those customers who have registered for the same with the bank.