July 15 Democracy and National Unity Day has been designated an official holiday. This year, various commemoration events will be held on Wednesday, July 15. Are banks open or closed on July 15? As July 15 is an official holiday, all branches of public and private banks will be closed. Citizens who wish to conduct banking transactions at branches will be able to do so on the next business day.
Will ATM, mobile banking and internet banking work? During the official holiday, ATMs, internet and mobile banking services will be available without interruption. Citizens will be able to withdraw cash, make payments and perform many banking transactions via digital channels. How will transfers, FAST and EFT transactions be processed on July 15?
Internal bank transfers, known as havale, and transfers made via the FAST system will continue to be processed instantly within limits. However, transfers exceeding the FAST limit and those made through the traditional EFT system will not be credited to the recipient account on the same day due to the official holiday. These transactions will be processed on Thursday, July 16, the first business day when banks resume operations.