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Are Banks Open or Closed on June 15, 2024? Here’s What You Need to Know

by CiCi
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As the weekend approaches, many customers are wondering whether banks will be open on Saturday, June 15, 2024. The Reserve Bank of India (RBI) sets the guidelines for bank holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks’ Closing of Accounts.

June 15 is Not a Bank Holiday

Contrary to some expectations, June 15 is not a bank holiday. According to RBI regulations, banks are closed only on the second and fourth Saturdays of each month, as well as on Sundays. This means that the third Saturday of June will see banks operating as usual. Customers are advised to confirm with their banks before visiting a branch.

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State-Specific Bank Holidays

While the RBI provides a general framework, bank holidays can vary by state. On June 15, banks in Mizoram will be closed for YMA Day, and in Odisha, they will be closed for Raja Sankranti. For the most accurate information, customers should check state-specific notifications.

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Banking Transactions on Holidays

For those needing banking services on holidays, internet and mobile banking remain available. Customers can perform transactions via online banking platforms, though bank staff will not be present. ATMs will also remain operational, allowing customers to withdraw cash and perform basic banking transactions.

Upcoming Bank Holidays in June

  • June 17: Banks will be closed nationwide for Bakri Eid, with the exception of Mizoram, Sikkim, and Arunachal Pradesh.
  • June 18: Banks in Jammu and Srinagar will be closed.

For further details on state-wise bank holidays in June, customers are encouraged to consult the latest RBI notifications or their respective banks.

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