All forms of bank transactions will be closed on Monday, as they are on July 1 every year. As banks are closed, there will be no transactions on the Dhaka Stock Exchange or the Chittagong Stock Exchange either, reports bdnews24.com. The following day - July 1 - is observed as a bank holiday due to this process. Tradition dictates there are two such bank holidays each year, with the other falling on December 31. Bangladesh Bank declares these two days as 'bank holidays' in the list of public holidays it sets each year.