Bank Holiday On July 4th Or Not: Are SBI, HDFC, ICICI, Other Banks Open On Saturday? Find Out!

In India, banks follow a unique weekend holiday pattern. While all Sundays are declared bank holidays, financial giants like State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Kotak Bank and all other bankers are usually closed on only two Saturdays of every month. The Reserve Bank of India decides holidays for scheduled commercial banks in India every month. That being said, July 4th is also a Saturday. Are banks open?

Bank Holiday On Saturday

As per the RBI rule, banks are closed only on second and fourth Saturdays of the month. Hence, banks are open on July 4th since it's the first Saturday of the current month.

Since September 2015, RBI has directed that all scheduled and non-scheduled banks—public, private, foreign, cooperative, regional rural and local area banks—will observe a public holiday on second and fourth Saturdays.

But since July 4th is first Saturday, all payment systems are operating as normal for full working day. These payment systems include Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing operated by various Bankers' Clearing Houses in the country including the grid based Cheque Truncation System (CTS) and ECS suite [Electronic Clearing Service (ECS), Regional Electronic Clearing Service (RECS) and National Electronic Clearing Service (NECS)].

However, banks will be closed on July 5th as it falls on Sunday. All scheduled commercial banks either be private, public, foreign or cooperative banks, they will be closed.

Bank Holidays In July 2026:

This month, banks will be closed for 12 days which includes weekend holidays and special events or festival holidays. In the current month, banks will be closed due to special occasions like MHIP Day, Beh Deinkhlam, Ratha Yatra, Death Anniversary of U Tirot Singh, Kharchi Puja, and Drukpa Tshe-zi.

Here is the full list of bank holidays in July:

Bank Holiday On July 6: MHIP Day/Birth Anniversary of Dr. Syama Prasad Mookerjee

Bank Holiday On July 9: Beh Deinkhlam

Bank Holiday On July 16: Ratha Yatra/Kang (Rathajatra)/Harela

Bank Holiday On July 17: Death Anniversary of U Tirot Singh

Bank Holiday On July 18: Drukpa Tshe-zi

Bank Holiday On July 22: Kharchi Puja

Bank Holidays On July 11 & July 25: Banks will be closed on July 11th and 25th as they are second and fourth Saturdays of the month.

Bank Holidays on July 6, July 12, July 19 & July 26: These dates are Sundays and all banks will be closed.