Saturday bank holiday: Are banks open or closed today on July 12, 2025?
Banking services which will be impacted
Academy
Empower your mind, elevate your skills
Digital banking
Bank holidays in July 2025
Following is a list of bank holidays in July 2025
Jul-25 3 5 14 16 17 19 28 Agartala • • Ahmedabad Aizawl Belapur Bengaluru Bhopal Bhubaneswar Chandigarh Chennai Dehradun • Gangtok • Guwahati Hyderabad Imphal Itanagar Jaipur Jammu • Kanpur Kochi Kohima Kolkata Lucknow Mumbai Nagpur New Delhi Panaji Patna Raipur Ranchi Shillong • • Shimla Srinagar • Thiruvananthapuram Vijayawada
Holiday Description Day Kharchi Puja 3 Guru Hargobind Ji's Birthday 5 Beh Deinkhlam 14 Harela 16 Death Anniversary of U Tirot Singh 17 Ker Puja 19 Drukpa Tshe-zi 28
Many customers are wondering whether banks will be open on Saturday, July 12, 2025. As per the Reserve Bank of India's (RBI) holiday schedule, all banks across India remain closed on the second and fourth Saturdays of every month.Banks will be closed on July 12, 2025, as it is the second Saturday of the month.On July 12, 2025, customers will not be able to access in-branch services such as cash withdrawals or deposits at bank counters, cheque clearances, loan services among others.Also read: Get FD interest rate up to 8.1%: Check which bank is offering highest interest rate on FDs with 444-day tenure While the second and fourth Saturday rule applies nationwide, additional regional bank holidays may vary from state to state based on local festivals and events. You can check the RBI's holiday calendar or check with your respective bank's website to confirm if any additional holidays apply in your state.Due to the second Saturday holiday, physical bank branches will not be open on Saturday, July 12, 2025. However, digital banking services will be fully functional. Through ATMs, users can still perform a variety of financial operations, including cash withdrawals, balance queries, and mini statements. Additionally, banks provide access to services including fund transfers, bill payments, account management, and loan EMI payments through their mobile banking apps and internet banking. Even on bank holidays, UPI (Unified Payments Interface) and other digital payment systems like NEFT, IMPS, and wallets will continue to operate normally, guaranteeing that necessary financial operations can be carried out without hiccups.Banks will be closed on occasions such as Kharchi Puja, Guru Hargobind Ji's Birthday, Beh Deinkhlam, Harela, Death Anniversary of U Tirot Singh, Ker Puja, Drukpa Tshe-zi depending on the state.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
an hour ago
- India Gazette
India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn
Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the foreign currency assets, slipped USD 3.537 billion to USD 591.287 billion. Contrary to the dip in the previous week, the Gold reserves witnessed an uptick of USD 342 million to $84.846 billion in the week ending July 4, data suggests. A significant constituent of the forex, the Special Drawing Rights (SDRs) witnessed an uptick of USD 39 million, while the Reserve position in the International Monetary Fund (IMF) was up by USD 107 million to USD 4.735 billion, the data of the central bank suggests. Central banks worldwide are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021, till recently. In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022. In 2024, the reserves rose by a little over USD 20 billion, touching an all-time high of USD 704.885 billion at the end of September 2024. India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions. The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving. Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling. The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep Rupee depreciation. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens. (ANI)
New Indian Express
2 hours ago
- New Indian Express
Send two officers to take stock of Ratna Bhandar: Odisha government to RBI
BHUBANESWAR: The state government on Thursday wrote to the Reserve Bank of India (RBI) for assigning two senior and experienced officers for taking stock of the inventory of the Ratna Bhandar of the Shree Jagannath Temple in Puri. Addressing mediapersons, Law and Excise minister Prithviraj Harichandan said a letter has been written to the RBI Governor to send two of its officers who have experience in making inventories of treasures of popular temples in the country. He added that the process of shifting the jewellery and precious stones of the Trinity from the temporary strong rooms to the Ratna Bhandar will begin soon. 'Counting of the ornaments and other valuables will begin as soon as RBI sends its officers. The entire process will be done in their presence,' he said. Notably, the Archaeological Survey of India had completed the repair and renovation of the Ratna Bhandar last week.
Time of India
2 hours ago
- Time of India
99.67% return on Sovereign Gold Bonds: RBI announces redemption price of this SGB
ET Wealth Online tells you the premature redemption price, the returns you will earn if you opt for redemption and other details. How is SGB redemption price calculated? Academy Empower your mind, elevate your skills What is the redemption price of SGB 2020-21 Series-IV Interest payment on SGB What are Sovereign Gold Bonds (SGBs)? When will the customers be issued a holding certificate? The investor will be advised one month before maturity regarding the ensuing maturity of the bond. On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record. In case there are changes in any details, such as account number, email IDs, then the investor must inform the bank/SHCIL/PO promptly. Can I encash the bond at any time? Is premature redemption allowed? What do I have to do if I want to exit my SGB investment? Can I gift the bonds to a relative or friend on some occasion? The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGB) Series-IV. The SGB is due on Monday, July 14, 2025, for premature redemption. The maturity of the gold bonds happens 8 years from the date of issuance, and premature redemption of SGBs is permitted only after the completion of the fifth year from the date of to an RBI press release dated July 11, 2025, "The redemption price of SGB shall be based on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA)."The redemption price for premature redemption due on July 14, 2025, will be Rs 9,688 per unit of SGB based on the simple average of the closing gold price for the three business days i.e., July 09, July 10 and July 11, SGB holders will earn if they opt for premature redemptionThe SGB 2020-21 Series-IV, issued at Rs 4,852 per gram in July 2020. So, the absolute return comes to Rs 9,688 - Rs 4852 = Rs 4,836 (without factoring in the interest). In percentage terms, it comes to Rs {(4836/4852*100} %= 99.67%The gold bonds offer an interest rate of 2.50% (fixed rate) per annum on the initial investment amount. Interest will be credited semi-annually to the investor's bank account, and the last interest payment will be made on maturity, along with the are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors must pay the issue price in cash, and the bonds will be redeemed in cash upon maturity. The Reserve Bank of India issues the bond on behalf of the Government of customers will be issued a Certificate of Holding on the date of issuance of the SGB. A Certificate of Holding can be collected from the issuing banks/SHCIL offices/Post Offices/Designated stock exchanges/agents or obtained directly from the RBI by email, provided the email address is included in the application are the procedures involved during premature redemption?Although the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates. The bond will be tradable on exchanges if held in demat form. It can also be transferred to any other eligible case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer's bank account provided at the time of applying for the bond can be gifted/transferable to a relative/friend/anybody who fulfils the eligibility criteria. The bonds shall be transferable in accordance with the provisions of the Government Securities Act 2006 and the Government Securities Regulations 2007 before maturity by execution of an instrument of transfer which is available with the issuing agents.
