Bank holiday: Are banks in India open or closed today, July 7?

Banks in India will remain open today as Ashura was observed on July 6, marking the tenth day of the month of Muharram.

Published on: Jul 7, 2025, 08:58:46 IST

By HT News Desk

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Muharram, which began on Friday, June 27, is observed worldwide as a month of reflection and devotion. The 10th day of Muharram, known as Ashura, holds deep religious significance for both Shia and Sunni Muslims across India and the world.

According to the official website of RBI, there is no bank holiday in India scheduled for today (Bloomberg/Representational Image)

However, uncertainty over whether Ashura falls on July 6 or July 7 this year has caused confusion, leading many to wonder if banks in India are closed today, July 7.

Are banks closed today

According to the official website of RBI, banks across India will remain open today, July 7 as no holiday is scheduled. Earlier a bank holiday was observed on July 5 on the account of Guru Hargobind Ji’s birthday.

Stock market holiday today?

Apart from banks, the Indian stock market (BSE & NSE) will be open today, Monday, July 7, 2025.

What is Ashura ?

Marking the tenth day of the month of Muharram, Ashura is commemorated as the day when Prophet Moses and the Children of Israel were saved from Pharaoh’s tyranny. For Shia Muslims, this day is a reminder of the martyrdom of Imam Hussein, the grandson of Prophet Muhammad. On Ashura, a fast is observed as a way of showing gratitude to Allah.

Is Ashura on July 6 or July 7 ?

This year since the crescent moon was observed on June 26 and the Muharram began on June 27, the tenth day fell on July 6. So Ashura was observed on July 6.

Upcoming bank holidays

A total of seven bank holidays have been scheduled for the month of July by RBI. While two holidays have passed, the next bank holiday will fall on July 14 on the account of BeH Deinkhlam. Upcoming bank holidays include:

July 14, 2025- Beh Deinkhlam ( in Shillong)

July 16, 2025- Harela (in Dehradun)

July 17, 2025- Death anniversary of U Tirot Singh (in Shillong)

July, 19, 2025- Ker Puja (in Agartala)

July, 28, 2025- Drukpa Tse-zi ( in Gangtok)

Other than these days, banks are closed on every second and fourth Saturdays of the month

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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