2022 Bank holidays in the following 5 states of South India

This post provides holiday lists declared by states of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, and Telangana under explanation to section 25 of negotiable instrument acts 1881. The holidays declared under NI acts are meant for financial institutions and not for factories and other establishments.

The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory.  In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day.

Click the name of the State below to know the bank holidays declared by the concerned state

1. Andhra Pradesh
2. Karnataka
3. Kerala
4. Tamilnadu
5. Telangana

Negotiable instruments recognized by the Negotiable Instruments Act 1881 are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques. A negotiable instrument is a piece of paper that entitles a person to a sum of money and which is transferable from one person to another by mere delivery or by endorsement and delivery.

As per section 25 of the negotiable act, when the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day (next working day of the bank). The expression “Public holiday” includes Sundays and any other day declared by the Central Government by notification in the Official Gazette, to be a public holiday.

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