Bank holiday today: Today is Guru Purnima, or Teacher’s Day in India, but Thursday, July 10 is not a listed holiday this year, and banks will function as usual.
Notably, the second and fourth Saturdays and all Sundays are weekly holidays for all public and private banks across India, including the State Bank of India (SBI). Besides this, there are a total of seven listed bank holidays in July this year.
The RBI and state governments create a list of holidays for banks, taking into account national and local occasions, operational requirements, religious celebrations and other cultural observances. The central bank makes the announcement through its official website and notifications to banks and other financial institutions.
Guru Purnima 2025
Guru Purnima, an auspicious occasion celebrated across India, is a day dedicated to honouring our teachers — be it spiritual guides or academic mentors. It emphasises and promotes the values of gratitude, reverence, wisdom, and knowledge.
As per the Hindu lunar calendar, Guru Purnima is celebrated in the Hindu month of Ashadha (June-July) on the full moon day (Purnima).
In Hinduism, the day holds great religious importance, commemorating the birth of Maharishi Veda Vyasa, the legendary sage who compiled the Hindu epic — Mahabharata and is revered as one of the greatest spiritual teachers in Indian tradition.
The festival also holds deep significance in Buddhism, and Jainism.
Buddhists mark this day in honour of Lord Buddha, as it is believed he delivered his first sermon at Sarnath on this very date after attaining enlightenment.
Jains observe Guru Purnima to pay respects to Lord Mahavira and his chief disciple Gautam Swami.