Banks and stock markets will remain closed on Monday (Jul 1) as new financial year 2019-20 begins on the day.
Banks and financial institutions will not provide services for their clients due to the bank holiday as they will complete their book closures on the day.
Trading at stock exchanges will also remain suspended as their transactions are linked with banks.
The government counts fiscal year from Jul 1 to Jun 30, while banks observe Jan 1 to Dec 31 as their financial year. For this, every year banks settle accounts by Jun 30 and enjoy holiday, known as bank holiday, on Jul 1.