Bank Holidays: Banks Set For Long Weekend, To Remain Shut From July 28-30 In These States

Banks will be closed for three days next week in many regions of India. This means that if you are planning to visit your bank for financial transactions then you must take a note of when they are opened. Banks will be closed from July 28th to July 30th.

As per RBI data, banks will be closed on July 28 in regions of Jammu and Srinagar due to the celebration of Ashoora.

Further, banks will remain shut on July 29 in regions like Agartala, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Hyderabad - Andhra Pradesh, Hyderabad - Telangana, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Ranchi, Raipur, and Shimla.

It needs to be noted that banks will be closed on July 28 due to Muharram and also the mandatory fourth Saturday holiday.

In general terms, for every month, bank employees are entitled to get mandatory holidays on Sundays, and second and fourth Saturdays. In July, the fourth Saturday falls on the 29th.

As per RBI, these holidays are under Negotiable Instruments Act.

In the current month, banks got a total of 9 holidays apart from fixed Sundays, and second and fourth Saturdays.

Recently, in a notification dated July 19, the United Forum of Bank Unions (UFBU) took up the issue of introducing five banking days per week. As per reports, the Indian Banking Association (IBA) is expected to take a decision regarding the five working days per week for banks, in a meeting next week.

If approved, bank employees may soon have 2 days weekly off.