All banks, private and PSU are closed on second and fourth Saturdays and every Sunday on the month apart from national and regional holidays, according to the Reserve Bank of India (RBI) rule.Bank customers must make sure that their bank related work is not hampered on these bank holiday days.
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Is it a bank holiday this Saturday on July 27, 2024
Yes, it is a bank holiday on July 27, 2024 as it is the fourth Saturday of the month.
Do keep in mind that this is the last weekend before the income tax return filing due date of July 31, 2024. If you have not submitted your income tax return, then you can access your net banking or other online payment methods to make your tax payments through RTGS / NEFT. However, you might need to visit the bank to acquire documents such as interest certificates and Form 16A. For this, you will have to visit the branch on a working day.It’s essential to stay on top of these financial matters to ensure a smooth ITR filing process.
Also read: ITR filing deadline extension: Why hopes for an extension of the last date to file ITR are fadingThe Bank holidays have been designated by the RBI as follows: Holiday under the Negotiable Instruments Act; Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
July Bank holidays 2024
Banks will be closed on the occasions of Beh Dienkhlam, MHIP Day, Kang (Rathajatra), Drukpa Tshe-zi, Harela, Muharram/Ashoora/U Tirot Sing Day in July.
India celebrates Republic Day on 26 January , Independence Day on 15 August and Gandhi Jayanti on 02 October every year and all these are public holidays.
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Digital banking
There used to be an unending amount of paperwork involved in filing income tax returns. IT returns can now be completed, and digital banking can be used to make any further tax payments. This lessens the stress of filling out tax returns. Additionally, online payments are accepted for government challans.
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