Muharram bank holiday:On July 17, 2024, banks will be closed for Muharram in some Indian states, which would affect banking services and transactions.
To prevent any annoyance on this important holiday, schedule your financial transactions in advance.
Bank Holiday in July 2024
On Wednesday, July 17, 2024, banks will be closed in a number of states as a mark of respect for Muharram. In the Islamic calendar, it is the first month and one of the four holy months of the year.
Banks will be closed in these states during the Muharram bank holiday.
In addition to Andhra Pradesh, Tripura, Mizoram, Maharashtra, Karnataka, MP, Tamil Nadu, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Rajasthan, Jammu, Uttar Pradesh, Bengal, New Delhi, Patna, Chhattisgarh, Jharkhand, Meghalaya, and Himachal Pradesh bank branches would be closed.
On the same day as Muharram, Meghalaya will also celebrate U Tirot Sing Day as a holiday. The memory of well-known liberation warrior U Tirot Sing is honored on this state-specific holiday.
People and businesses should budget their finances appropriately because banks are closed in certain states. Before the holiday, it is best to finish any essential financial tasks to avoid any hassles. ATMs and online banking will continue to function, but branch-related services will not be available.
On Tuesday, July 16, Uttarakhand’s banks will be closed in observance of Harela Day. Hindus celebrate the festival of Harela in the Indian states of Uttarakhand and some regions of Himachal Pradesh.
The RBI classifies bank holidays in India into three groups:
- In accordance with the Negotiable Instruments Act, a holiday will be observed.
- Real-Time Gross Settlement Holiday and Negotiable Instruments Act Holiday.
- Banks closing their customer accounts
On account of Muharram will banks of Maharashtra be closed?
Yes it will be closed on Wednesday.
It is crucial to take care of any urgent financial matters in advance because this shutdown would lead to the suspension of all branch-based banking services.
Will banks in Odisha stay closed on July 17, 2024, in observance of Muharram?
As a matter of fact, banks in Odisha will be closed in account of Muharram. Customers should arrange their financial transactions appropriately and, if needed, use internet banking services following the cessation of branch banking operations.
Bank holiday List 2024
1 Comment
Pingback: IDBI BANK: After the RBI approved bids for privatizing IDBI Bank, the stock surged nearly 6% as a result - INPAC Times