Saturday bank holiday: Are banks open or closed today on July 5, 2025?
As per the RBI's guidelines, banks follow a structured Saturday holiday system, where all scheduled and non-scheduled banks will observe public holiday on the second and fourth Saturdays of a month while they operate as usual on the 1st, 3rd, and 5th Saturdays (if applicable) unless mentioned in the RBI's holiday list.
Bank holidays in July 2025: Banks to remain shut on these days in July 2025: Check full list Are banks open or closed this Saturday on July 5, 2025? Banks are open in all states except in Jammu and Srinagar today on July 5, 2025 as it is the first Saturday of the month. Banks in Jammu and Srinagar are closed to commemorate the birthday of Guru Hargobind Ji. Guru Hargobind Ji's birthday is on June 19th, but in Jammu and Kashmir, it's celebrated on the 21st of Harh, which usually falls in June or July. Impact on banking services Physical branches of banks remain closed on bank holidays but digital banking services such as mobile banking, internet banking, ATMs, and UPI transactions continue to function as usual. However, certain banking operations like cheque clearance and in-person services are affected. 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 Source- RBI Calendar
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Rupee weakens by 46 paise to close at 85.85/$
Mumbai: The Indian currency weakened nearly half a rupee to close at 85.85 per dollar on Monday, from its previous close of 85.39/$1 as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of an additional 10% levy on Brics countries. The rupee opened at 85.57/$1, and weakened till 86.03/$1 on Monday, before pairing its losses and closing at 85.85/$1, likely due to intervention by the Reserve Bank, traders said. "Markets were expecting something on the trade deal with the US, but nothing came up, and the BRICS statement deteriorated sentiments. We were the second worst performing currency in Asia, and due to potential RBI intervention, we erased some losses and to be the third worst-performing Asian currency," said Dilip Parmar, currency research analyst at HDFC Securities. Japanese Yen and the Thai baht were the two worst performing Asian currencies. Traders expect the rupee to move in the range of 85.50/$1 to 86.25/$1 on Tuesday, ahead of July 9, when Trump will unveil his new stand on tariffs. In a social media post, President Donald Trump stated a new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted. India, along with Brazil, China, Russia, South Africa are part of BRICS. The dollar index gained slightly at 97.6, from 96.9 previously. "The BRICS comment has put the India-US deal in jeopardy and we are awaiting clarifications from India-US on the matter. The rupee has fallen as the market is not expecting the deal to be done soon," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.
Time of India
an hour ago
- Time of India
Can AI plan your next holiday?
Academy Empower your mind, elevate your skills Idan Zalzberg, CTO, Agoda , told ET that AI will gradually be able to do bigger tasks and become akin to a personalised travel agentA top executive of online travel platform Agoda said we may be seeing some hype around the term 'agentic AI', but the actual evolution we are likely to see is artificial intelligence (AI) gradually being able to do bigger tasks.'It's a bit of a hype-y term, but for me, it's more a fluid evolution,' Idan Zalzberg, chief technology officer of Agoda, told ET while on an India visit last month.'Agentic is just a step in an evolution path where we say, hey, we find out that actually I can have a conversation with an AI, and sometimes it can have a conversation with itself in a loop and get better and better results.'When describing agentic AI , the go-to example for many is the automation of one's holiday plans and reservations. But planning a trip is complicated with a number of dynamic variables--from the timings of hotel room availability to flight cancellations, and more, Zalzberg said. A one-shot prompt is not going to work, he future that he sees is one where AI can collaborate closely with a customer the way a billionaire has a trusted person to plan their travel--someone to whom they can delegate the legwork of travel real value of AI for an online travel platform is that it can sharpen understanding of what customers want, cutting through the vast data to enable better decision-making and alleviating the stress of travel planning, Zalzberg can converse with the customer as well as go back and retrieve more relevant information from the hotels, for instance, he however, said that as AI learns to do more, the risks get bigger as well.'The bigger the task, there's more places where you can go off, and how do you make sure that all the decisions are right?' Zalzburg said. 'We have a lot of travel, so we need to get it right not one time, we need to get it right all the time, and that is where the challenge is with GenAI, because it's unpredictable, because sometimes it hallucinates.'The Singapore-headquartered company, which competes globally with players like Airbnb and Expedia, competes locally in India with the likes of company looks to localise for India as much as possible – across languages, messaging channels, payment options, and more – while maintaining its advantage as a company with global connections, Zalzberg is a growing market and consumers here expect more from digital applications, making it a conducive place to test out new things, he has built about 150 GenAI projects internally and externally, in areas like supply, customer support, content generation and productivity tools across the board, said Zalzberg. Automation in the company has increased two times over the past year and the impact on efficiency is worth 'lots of millions of dollars', he said.
Economic Times
an hour ago
- Economic Times
AI infra firm RackBank gets land in Indore, Raipur for data centres
AI infrastructure startup RackBank is looking to expand data centres in tier-2 cities like Indore and Raipur to reduce its operational cost by 2–3x as compared to data centre hotspots like Mumbai, Chennai and Noida. The firm, which recently launched an AI cloud business unit called NeevCloud, has acquired six acres of land in Indore for an 18 megawatt facility and 13 acres in Raipur for a 100 megawatt facility, Narendra Sen, founder and CEO of RackBank and NeevCloud, told ET. These investments are supported by state governments of Madhya Pradesh and Chhattisgarh respectively in form of power subsidies and other benefits. To maintain competitive pricing for on-demand GPUs (graphics processing units), neocloud firms need to cut fixed costs and operational costs, especially because GPUs guzzle immense power and water. For instance, land costs in Raipur are Rs 30 lakh per acre, less than a tenth of Mumbai's rates, and operational costs are equally compelling, Sen explained.'In tier-1 cities, it costs Rs 50 crore per megawatt to build. We do it for Rs 25 crore in tier-2. State governments like Madhya Pradesh are also supporting data centre companies with single window clearances and dedicated power supply. Our delivery timeline is nine months, as compared to metro cities where it can be 24 months,' he added that RackBank's in-house immersion cooling system Varuna allows it to cut capital costs by up to company is aiming to raise Rs 700 crore debt to fund this expansion. This comes after it raised a $16.5 million (nearly Rs 138 crore) equity seed round in March 2025 from D-Street investors like Ashish Kacholia and Madhulika Agarwal.'We want to become the CoreWeave of Asia Pacific,' he said, referencing the US-based AI cloud startup that recently went public after a meteoric in 2023, NeevCloud currently operates a cluster of over 700 GPUs, including Nvidia H100, H200, MI300 and plans to add the latest Blackwell GPUs in Raipur soon. NeevCloud's model focuses on enterprise AI workloads, medical diagnostics and government partnerships. 'Hyperscalers like AWS and Azure dominate the general cloud, but they don't have enough GPU capacity in India. Startups are hungry for training and inference compute, and they're willing to switch providers,' said Sen. 'We're already seeing strong traction from AI startups and healthcare firms.' On the global front, NeevCloud is also setting up presence in Europe (Finland, Norway) and the US, partnering with local data centre operators to ensure compliance and reach.'Customers expect availability. If your site shows zero GPUs, they bounce,' said Sen. 'So we're launching regions in key markets to stay competitive.'
