All private and public-sector banks across India remain closed today, June 13, 2026, as the date falls on the second Saturday of the month. According to the Reserve Bank of India's (RBI) guidelines, all scheduled and non-scheduled banks are mandatorily shut on the second and fourth Saturdays of every month, as well as all Sundays. As reported by Mint, customers cannot access in-branch banking services on these days, though bank operations also remain unavailable on national, religious, and regional holidays. The closure applies to bank branches across India with no major city exceptions, making it a nationwide holiday. This second-Saturday closure is different from state-specific festival holidays, which can affect only selected banking centres. Since September 1, 2015, RBI has made it mandatory for all scheduled and non-scheduled banks to observe public holidays on second and fourth Saturdays, with Banking Departments in Regional Offices remaining open for full-day operations on working Saturdays to support financial markets and payment systems.
Despite today's bank holiday, State Bank of India continues to demonstrate strong operational performance in the banking sector. According to Jefferies analyst Prakhar Sharma, SBI has achieved 14% year-over-year growth in retail deposits, outpacing the sector's 12% growth rate and ranking second only to ICICI Bank among large Indian lenders. The bank maintains a 22% market share in deposits while surpassing most public sector banks, which grew retail deposits by just 9% excluding SBI, as well as leading private banks including HDFC Bank, Axis Bank, and Kotak Mahindra Bank. Jefferies maintains a Buy rating on SBI stock with a price target of ₹1,320, valuing the bank at 1.5x September 2028 estimated adjusted price-to-book ratio. The firm notes that SBI's retail deposit growth reflects core operational strengths rather than aggressive pricing or branch expansion, with the bank offering among the lowest rates on retail term deposits, savings deposits, and wholesale deposits.
The next RBI-specified bank holiday falls on June 15, when banks in Aizawl and Bhubaneswar will remain closed for Raja Sankranti and YMA Day (Young Mizo Association Day) respectively. According to Mint, there are no other nationwide bank holidays left this month, apart from Sundays. In June, private and public-sector banks were scheduled to be closed for 14 days, including weekend offs, with upcoming closures planned for Raja Sankranti celebrations. Customers should note that the closure will be followed by the regular Sunday holiday on June 14, creating a three-day consecutive holiday weekend this weekend. Raja Sankranti is an agriculture-oriented festival, mainly observed in coastal districts of Odisha for three days, with the first day of Asadha month being the main celebration day.
Despite physical branch closures, customers can continue using online or mobile banking services unless specifically notified of technical issues. As reported by Mint, individuals can withdraw money from ATMs as they remain open round the clock, and use bank apps or UPI for payments. Fund transfer requests can be made using NEFT/RTGS transfer forms, demand draft request forms, and chequebook forms. Services such as account maintenance forms, setting up standing instructions, and applying for lockers are also available during holidays. 24/7 Availability: RTGS, NEFT, UPI and internet banking services operate continuously throughout the holidays, with digital transactions reaching completion in less than one minute or within thirty minutes in most situations. However, customers should note that a particular bank may temporarily restrict some services because of scheduled maintenance or technical problems.
While physical bank branches of SBI, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Punjab National Bank (PNB), and Bank of Baroda will remain closed on June 13, 2026, digital banking services continue to operate fully. Branch Limitations: Physical bank branches have restrictions, while digital channels enable users to access all services without interruptions. Bank branches will not process RTGS transactions that customers initiate at the branch during holidays or during the second and fourth Saturdays when the branch remains closed. The bank only processes transactions that customers submit through its online digital platforms during these specific times. Customers who need to visit a branch should complete their work before the holiday or plan it for the next working day, as banks are expected to reopen on Monday, June 15, 2026 after the second Saturday and Sunday closures.
