Muharram/Islamic New Year The first day of Muharram, which is the first month in the Islamic calendar, marks the start of the Islamic New Year. Finance Minister Nirmala Sitharaman had announced that the Union Cabinet has approved the plan to merge 10 PSU banks into four larger banks. Babasaheb Ambedkar Jayanti/Bengali New Year?s Day/Tamil New Year's Day/Bohag Bihu/VishuId-E-Milad (Milad-un-Nabi)/Friday following Eid-i-Milad-ul-Nabi/Baravafat/Lakshmi PujaDiwali Amavasaya (Laxmi Pujan)/Kali Puja/Second SaturdayId-E-Milad (Milad-un-Nabi)/Friday following Eid-i-Milad-ul-Nabi/Baravafat/Lakshmi PujaDiwali Amavasaya (Laxmi Pujan)/Kali Puja/Second Saturday
A 20% hike on payslip components, uniform 5-day work week, merger of special allowance with basic pay, scrapping of New Pension Scheme (NPS), etc., were some of the demands of the bank unions.The Reserve Bank of India (RBI) has declared a holiday on 1 January 2020 across certain north-eastern states and in Chennai on account of New Year 2020.Apart from Shillong, Imphal, Gangtok, Aizawl, and Chennai, banks will remain open across the other major cities in India on 1 January 2020. Be sure to check whether or not your bank will function today and tomorrow. Other public holidays that fall in November are on 3, 9, 10, 12, 17, 23, and 24 November. Hover your mouse over the region or click on the holiday for details.No holidays shown? Depending on the state, the bank holidays will vary. However, bank holidays could vary depending on the State.For the month of August, banks will remain closed on August 15 and August 24 on account of Independence Day/Rakshabandhan and Janmashtami, respectively. Including this, 6 more days will be a holiday for banks on account of weekends, second and fourth Saturdays.In April 2020, the major festivals include Ram Navami, Mahavir Jayanti, Good Friday and Bihu. Many of the larger banks, like Wells Fargo, Chase, BofA, and Citibank may not observe all the holidays listed below. Many of the larger banks, like Wells Fargo, Chase, BofA, and Citibank may not observe all the holidays listed below. On 25 March 2020, banks in Nagpur, Mumbai, Hyderabad, Chennai, and Bengaluru will be closed due to the spring festival. Even though bank holidays vary from state to state, certain days are fixed by the Reserve Bank of India (RBI), where all banks across India will be closed.
Maharashtra Day is a RTGS stands for Real Time Gross Settlement whereas NEFT stands for National Electronic Funds Transfer. Some bank holidays vary from state to state. In case of a successful shutdown, a number of banks as well as ATMs may remain closed for 5 days straight in the month of March. The other demands the Unions have kept forward are the stopping of the privatisation of IDBI Bank, rolling back banking reforms, increase of interest rates on deposits, and recovery of bad loans. Babasaheb Ambedkar Jayanti/Bengali New Year?s Day/Tamil New Year's Day/Bohag Bihu/VishuDurga Puja/Dussehra (Mahanavami)/(Maha asthmi)/Fourth SaturdayId-E-Milad (Milad-un-Nabi)/Friday following Eid-i-Milad-ul-Nabi/Baravafat/Lakshmi PujaDiwali Amavasaya (Laxmi Pujan)/Kali Puja/Second SaturdayDiwali (Balipratipada)/Laxmi Puja/Bhaidooj/Chitragupt Jayanti/Vikram Samvat New Year DayUttarayaana Punyakaala Makara Sankranti Festival/Pongal/Magh Bihu and Tusu PujaGanesh Chaturthi/Samvatsari (Chaturthi Paksha)/Vinayakar Chathurthi/Fourth SaturdayId-E-Milad (Milad-un-Nabi)/Friday following Eid-i-Milad-ul-Nabi/Baravafat/Lakshmi PujaDiwali Amavasaya (Laxmi Pujan)/Kali Puja/Second SaturdayUttarayaana Punyakaala Makara Sankranti Festival/Pongal/Magh Bihu and Tusu PujaDr. Banks will remain shut for 7 days in November when 3 November is a Sunday, 9 November is a second Saturday, and 10 November is a Sunday. Apart from planning their bank work, leisure activities can also be planned accordingly.
The spring bank holiday is indeed today, Monday 25 May. Under the Negotiable Instruments Act, banks in several cities such as Jaipur, Kanpur, Lucknow, Ahmedabad, Pune, and Mumbai will be closed on 28 October 2019. Chandigarh which is the capital city of both Punjab and Haryana will have banks operating as normal. The decision was taken that Syndicate Bank will merge with Canara Bank, while Allahabad Bank will merge with Indian Bank. It commemorates the American victory at the Battle of Bennington during the Revolutionary War in north America in 1777. They also remain closed on 23 November on account of Guru Nanak Jayanti and 24 November, which is the fourth Saturday of the month.As per a TOI report, the banks will remain closed for three days in the national capital, Mumbai, Lucknow, Kanpur, Ranchi, Srinagar, Lucknow, Raipur and Dehradun and Jammu. Discovery Day is a public holiday in the Canadian territory of Yukon on the third Monday of August. Banks in Haryana and Punjab will remain closed on August 31 as Pahila Prakash Sri Guru Granth Sahib Ji is celebrated on that day.If you have to take care of some important bank work, you need to know the days on which banks will remain open.In the month of August, banks have three public holidays for Independence Day, Eid-ul-Adha, and Janmashtami.In the view of annual closing of accounts, the Reserve Bank of India (RBI) has declared a holiday for all commercial and co-operative banks in India on Monday, 1st of April.To facilitate a few services such as government receipt and payment transactions, some of the bank branch offices remained open on 31st March, Sunday.The same has been notified by the RBI on 26th March that all Pay and Account Offices will remain open on March 31, 2019 to facilitate the above-mentioned transactions.The RBI has also issued another notification on 28th March according to which special clearing will be conducted at all clearing houses across India on 30th and 31st of March.The bank working hours have also been set by the RBI – Up to 8.00 p.m. on 30th March and up to 6.00 p.m. on 31st March.1st April 2019 marks the beginning of the next financial year, FY 2019-20.State Bank of India (SBI), Housing Development Financial Corporation (HDFC), ICICI Bank, Punjab National Bank (PNB) and other scheduled commercial banks will remain shut on 21 November 2018 on account of Eid-e-Milad-ul-Nabi that commemorates the birthday of Prophet Muhammad.
Bipartite talks were held by representatives of 9 constituents of the United Forum of Bank Unions (UFBU) recently in which many wage-related demands were turned down. Here is the list of bank holidays in June 2020: National18 June 2020, Thursday, Guru Hargobind Ji's Birthday As India grapples against the effect of Coronavirus, various banks and other financial entities will be closed in order to observe social distancing norms. 2 September 2019 is a bank holiday in Tamil Nadu, Andhra Pradesh, Goa, Gujarat, Telangana, Daman and Diu, Dadra and Nagar Haveli, Karnataka, Maharashtra, Odisha, and Puducherry on account of Chaturthi. Banks in Jammu and Kashmir will observe another two days of holidays apart from the ones mentioned above.
Even stock exchanges have agreed to remain open on the Budget Day. It is extremely important to recognize that while these are the national bank holidays for 2020, not every bank observes the holidays listed below. As per the plan, Syndicate Bank and Canara Bank will merge, Indian Bank and Allahabad Bank will merge, while Oriental Bank of Commerce and Union Bank of India will merge with Punjab National Bank.