Bank Holidays in June 2020

Following is a list of bank holidays in June 2020:

Note: It is to be noted that in addition to the above mentioned holidays, the 2nd and 4th Saturdays and all Sundays in a month are bank holidays, as provided by the RBI.

In accordance with the guidelines of the Reserve Bank of India, all Indian Banks remain non-operational on 2nd and 4th Saturdays and all Sundays of every calendar month. However, all the other Saturdays remain operational. Following is the list of bank holidays on Saturdays in June 2020.

NEFT Holidays

NEFT (National Electronic Fund Transfer) is a nation-wide fund transfer system where the funds are settled in half-hourly batches. The Reserve Bank of India (RBI) has now made the NEFT service available 24×7, 365 days for the convenience of the users. The service can now be accessed even on bank holidays. Hence, like IMPS this service can be accessed on any day of the year.

RTGS Holidays

RTGS (Real-Time Gross Settlement) is a payment service via which the funds are settled in real-time and on gross basis. As per the guidelines of the RBI, the RTGS service remains non-operational on 2nd and 4th Saturday and all Sundays of every month. Given below is the list of RTGS holidays in June 2020.

The users can facilitate all the financial transactions conveniently and avail other banking services even on bank holidays. The following mentioned banking services can be accessed by users even on bank holidays in June 2020:

1. IMPS (Immediate Payment Service)
2. NEFT (National Electronic Fund Transfer)
3. UPI (Unified Payments Interface)
4. ATM services
5. Digital Banking Services (Netbanking and Mobile Banking)
6. Cheque drop facility at ATM or other cheque drop boxes
7. Hotlisting Credit or Debit Card