Bank Holidays in July: Banks to Remain Closed for 4 Out of 8 Remaining Days; Full List

 

Bank Holidays in July, 2022: Many bank holidays are regional and may differ from state to state. Please check the list of bank holidays in your city before visiting the branch

Bank Holidays in July 2022: The month of July this year is at its last legs with only eight days left. However, out of these few days, there are four bank holidays still left in July, mainly because of weekends. The Reserve Bank of India, in its rules for implementing bank holidays, has said that lenders will be closed for the second and fourth Saturdays of each month, but will work on other Saturdays. The central bank prepares a monthly list of bank holidays at the beginning of each year, according to which lenders of specific regions remain closed. As per that calendar, there is one more regional bank holiday in July to be implemented.

Read More: ITR Due Date AY22-23: Deadline Remains July 31; Govt Not Considering Extending It

There is a bank holiday on July 23 and 24 due to the weekend, where all lenders across private and public sectors will be closed in the country. Apart from this, on July 31, there is also a weekend leave for a Sunday. There is a regional holiday on July 26 on the occasion of Ker Puja in Tripura, when banks across the state will be closed.

It must be noted that many bank holidays are regional and may differ from state to state and bank to bank. There were 14 bank holidays in July, 10 of which have been used up. However, some bank holidays are region-specific, like the one mentioned above.

The Reserve Bank fixes the bank holidays each year under three categories, including the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. Among these, the ‘Holiday under Negotiable Instruments Act’ categorisation sees the highest number of holidays. Branches of all public sector, private sector, foreign banks, cooperative banks and regional banks remain shut on notified holidays by the Reserve Bank of India.

Read More: Canara Bank Launches New Mobile Banking App; To Be One-Stop Solution; Check Details

HERE IS THE FULL LIST OF BANK HOLIDAYS IN JULY 2022 AS PER THE RBI LIST (STARTING FROM JULY 1, 2022)

List of Leaves as per the Holiday Under Negotiable Instruments Act:

July 1: Kang (Rathajatra)/ Ratha Yatra — Bhubaneshawar

July 7: Kharchi Puja — Agartala

July 9: ld-Ul-Ad’ha (Bakrid) — Kochi, Thiruvananthapuram; Banks will also be shut across the country as this is the second Saturday of the month

July 11: Eid-ul-Azha — Srinagar, Jammu

July 13: Bhanu Jayanti — Gangtok

July 14: Beh Dienkhlam — Shillong

July 16: Harela — Dehradun

July 26: Ker Puja — Agartala

Apart from this, there are seven weekend leaves, including the one clashing with Bakrid, where banks will be closed all across the country. These are mentioned below

List of Weekend Leaves

July 3: First Sunday

July 9: Second Saturday + Bakrid

July 10: Second Sunday

July 17: Third Sunday

July 23: Fourth Saturday

July 24: Fourth Sunday

July 31: Fifth Sunday

Thus, if you have any bank related work, you must contact your local branch to confirm the bank holidays in July this year as per your region to avoid any hassle.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more