Banks across India will remain closed on limited dates in the second week of June 2026, as per the latest RBI calendar. The Reserve Bank of India has listed a total of 13 holidays this month accruing on account of national, regional, and religious holidays. This comprehensive list includes weekend holidays for second and fourth Saturday, all Sundays, and holidays under Negotiable Instruments Act. 15 June will see banks closed in Aizawl for Young Mizo Association (YMA) founding day and Bhubaneswar for Raja Sankranti. 25 June marks Moharrum celebrations with closures in Vijayawada, while 26 June sees operations suspended across major cities including Mumbai, Delhi, Bengaluru, Chennai, and Kolkata. 29 June commemorates Sant Guru Kabir Jayanti in Shimla, and 30 June observes Remna Ni regional holiday in Aizawl. Since second and fourth Saturdays are observed as public holidays, banking services will remain suspended on 13 and 27 June as well.
The Reserve Bank of India's Monetary Policy Committee unanimously kept the repo rate at 5.25% and maintained a neutral stance on June 6, 2026. The RBI trimmed its FY27 real GDP forecast to 6.6% from 6.9% and revised its inflation projection to 5.1%. To shore up external financing, the central bank unveiled a six-point package aimed at boosting capital inflows via G-Secs, FPIs and FCNR(B) deposits. The Nifty closed at 23,366, down 49 points, after opening 62 points higher but experiencing profit-taking throughout the session. For the week, the Nifty fell 0.77%, with the rupee strengthening significantly to a one-month high.
Despite the weekend closures, all payment systems are operating as normal for a full working day. These systems include Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing operated by various Bankers' Clearing Houses, and the grid-based Cheque Truncation System (CTS). Additionally, Electronic Clearing Services including ECS, RECS and NECS continue to function normally. Online banking services such as NEFT, RTGS and UPI will remain operational even on bank holidays, with internet banking, SMS banking, and WhatsApp banking services available for account holders. Customers can access digital services throughout the year as they operate round the clock, though scheduled maintenance activities may temporarily affect service availability.
The rupee logged its biggest single-day gain since April 2, strengthening 85 paise to close at 94.94 levels, reaching a one-month high. The currency outperformed Asian peers after the RBI's capital-flow measures, aided by a softer dollar and lower crude prices. Among Nifty constituents, Adani Enterprises, Hindustan Unilever, and Adani Ports led gains, while Hindalco, Trent and TCS lagged. All sectoral indices closed higher except Metal, IT and Oil & Gas, with Media, Realty and Healthcare being the top performers. Broader markets tracked the benchmark, with the Nifty Midcap 100 and Smallcap 100 sliding 0.35% and 0.06% respectively.
