Eid al Adha 2023 bank holiday in Maharashtra: The banks will remain shut in Maharashtra on June 29 (Thursday) on the occasion of Bakrid (Eid al Adha).
RBI in a press release dated June 27, 2023 said, “The Government of Maharashtra has declared June 29, 2023 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on June 28, 2023 declared earlier has been cancelled.”
“Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on June 29, 2023. Settlement of all outstanding transactions due on June 29, 2023 will accordingly get postponed to the next working day i.e., June 30, 2023,” it added.
Settlement of the auction of state government securities conducted on June 27, 2023, will take place on June 28, 2023. The auction of Government of India treasury bills scheduled on June 29, 2023 will now be conducted on June 28, 2023, with settlement on June 30, 2023, RBI statement said.
The statement further read, “The tenor for transactions of Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) operations under the Liquidity Adjustment Facility (LAF) for June 27, 2023 will be modified to one day and that of June 28, 2023 will be modified to two days. Further, the SDF and MSF windows under the LAF will be available as usual on June 29, 2023.”
Full List of Bank Holidays June 2023
| Agartala | • | • | ||||
| Ahmedabad | • | |||||
| Aizawl | • | • | ||||
| Belapur | • | |||||
| Bengaluru | • | |||||
| Bhopal | • | |||||
| Bhubaneswar | • | • | • | |||
| Chandigarh | • | |||||
| Chennai | • | |||||
| Dehradun | • | |||||
| Gangtok | ||||||
| Guwahati | • | |||||
| Hyderabad – Andhra Pradesh | • | |||||
| Hyderabad – Telangana | • | |||||
| Imphal | • | • | ||||
| Jaipur | • | |||||
| Jammu | • | • | ||||
| Kanpur | • | |||||
| Kochi | • | |||||
| Kolkata | • | |||||
| Lucknow | • | |||||
| Mumbai | • | |||||
| Nagpur | • | |||||
| New Delhi | • | |||||
| Panaji | • | |||||
| Patna | • | |||||
| Raipur | • | |||||
| Ranchi | • | |||||
| Shillong | • | |||||
| Shimla | • | |||||
| Srinagar | • | • | ||||
| Thiruvananthapuram | • |
| • | Holiday under Negotiable Instruments Act |
| • | Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday |
| • | Banks’ Closing of Accounts |
| Holiday Description | Day |
|---|---|
| Y.M.A. Day/Raja Sankranti | 15 |
| Kang (Rathajatra)/Ratha Yatra | 20 |
| Kharchi Puja | 26 |
| Bakri Eid (Eid-Ul-Zuha) | 28 |
| Bakri Eid (Eid-Ul-Adha) | 29 | Remna Ni/Id-Ul-Zuha |
Eid al Adha 2023 Stock Market holiday
Indian stock markets will remain shut tomorrow, 29th June 2023, on account of Eid al Adha.
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on this day in observance of the holiday. All trading activities will remain shut for the day and no stock related transactions will be processed.
About Post Author
