Bank Holidays : Ladakh UT

The Administration of Union Territory of Ladakh, declared Public holidays to be observed throughout the UT of Ladakh during the calendar year 2025 under section 25 of negotiable instruments act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2025 Sunday REPUBLIC DAY 2 26.02.2025 Wednesday MELA DOSMOCHEY (Leh District & Zanskar Sub-Division only) 3 14.03.2025 Thursday…

Look up facility for RTGS and NEFT services from April 2025

The Reserve Bank of India (RBI) has mandated the implementation of a beneficiary account name verification system for fund transfers via Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services by April 2025. Currently, payment systems such as the Unified Payments Interface (UPI) and Immediate Payment Service (IMPS) allow remitters to verify the…

Bank holidays 2025 in Lakshadweep UT

The Administration of Lakshadweep declared Public holidays to be observed throughout the UT Lakshadweep during the calendar year 2025 under section 25 of Negotiable Instruments Act 1881. The list of holidays: *April 1, and all Sundays, 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881.…

Interest rates unchanged on small savings instruments for January–March 2025

Govt. keeps interest rates unchanged on small savings schemes for third quarter starting January 1, 2025 The rate of Interest chart for various small savings instruments: Scheme Interest rate for  January-March 2025 Interest rate  for October-December 2024 Interest compounded Savings account 4.00% 4.00% Annual  rest 1-year time deposit 6.90% 6.90% Quarterly rest 2-years’ time deposit…

How to process credit proposal?

Credit Appraisal is a knack of adapting certain precautions at the time of new sanction or renewal or enhancement of existing limit. Credit Appraisal revolves around the credit investigation to determine the economic and business environment in which prospective borrower is placed. The process involves assessment of honesty and integrity of the borrower, standing of the borrower,…