With Eid-ul-Adha (Bakri Eid) being celebrated this weekend on Saturday, June 7, questions around banking and stock market schedules are taking center stage. People are eager to know whether they'll be able to access physical banking services or carry out stock trades during the festive period.
Here’s a breakdown of what’s open and closed over the next two days.
June 6: Full Access to Banks and Markets
The Reserve Bank of India (RBI) has confirmed that banks will remain open across India on June 6. This includes all public sector, private, cooperative, and foreign banks operating in the country.
Whether you’re planning to deposit a cheque, open an account, or apply for a loan — today is a regular business day for banks.
Similarly, BSE and NSE are operating as usual today, with no breaks in trading. Investors and traders can execute orders and access full market functionality.
June 7: Eid Holiday Brings Partial Bank Closures
On Saturday, June 7, banks across most Indian states will observe a holiday due to Bakri Eid, as per the RBI’s official holiday list under the Negotiable Instruments Act. However, branches in Ahmedabad, Gangtok, and Itanagar will remain open.
The rest of India will see physical bank branches closed, but mobile banking, internet banking, and ATMs will still be available. So while you may not be able to walk into your local branch, your smartphone or laptop will still let you manage your finances.
Stock Markets Stay Open
Unlike banks, the stock markets will remain open on June 7. There is no trading holiday scheduled by the BSE or NSE for Bakri Eid. This means both retail and institutional investors can continue trading without interruption.
Moreover, according to the BSE website, there are no market holidays in July, and the next closure is on August 15, on account of Independence Day.
Why the Difference in Holiday Observance?
Bank holidays in India are governed by both central and state-level considerations. While the RBI issues a master holiday list, actual closures often depend on local festivals and state declarations. In contrast, stock exchanges follow a national holiday calendar with fewer variables.
Final Thoughts
As we celebrate Bakri Eid, it’s good to stay informed about how it affects our access to banking and financial services. Make use of June 6 for any in-branch needs, and don’t worry too much about June 7 — your digital wallet and banking apps have you covered.
Stay safe, enjoy the festive season, and plan your finances smartly!
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