Categories: Bank News

Bank Holidays 2022 under NI Act: Karnataka State

Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. 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. 

Sr.NoDateDayOccasion/Festival Date
115.01.2022SaturdayUTTARYANA PUNYAKALA/SANKRANTI FESTIVAL
226.01.2022WednesdayREPUBLIC DAY
301.03.2022TuesdayMAHASHIVARATRI
401.04.2022FridayANNUAL CLOSING OF BANK ACCOUNTS
502.04.2022SaturdayUGADI FESTIVAL
614.04.2022ThursdayDR.B.R.AMBEDKAR JAYANTHI/MAHAVIR JAYANTHI
715.04.2022FridayGOOD FRIDAY
803.05.2022TuesdayBASAVA JAYANTI/KHUTBA-E-RAMZAN/BASAVA JAYANTHI/AKSHAYA THRITIYA
0909.08.2022TuesdayMOHARAM LAST DAY
1015.08.2022MondayINDEPENDENCE DAY
1131.08.2022WednesdayVARA SIDDHI VINAYAKA CHATURTHI/GANESHA CHATURTHI
1204.10.2022TuesdayAYUDHA PUJE/MAHA NAVAMI
1305.10.2022WednesdayVIJAYA DASHAMI
1424.10.2022MondayNARAKA CHATURDASHI/DEEPAVALI
1526.10.2022WednesdayBALIPADYAMI
1601.11.2021TuesdayKANNADA RAJYOTHSAVA
1711.11.2022FridayKANAKADASA JAYANTHI

Note 1. this list does not include May Day (01.05.2022), Bakrid (10.07.2022), Mahalaya Amavasye (25.09.2022). Mahatma Gandhi Jayanthi (02.10.2022), Maharshi Valmiki Jayanthi / Eid-Milad (09.10.2022), and Christmas (25.12.2022) which falls on Sundays.

2. Holiday declared on 01.04.2022 for the closing of Accounts of Commercial Banks and Co-operative Banks only.

Disclaimer: Every effort has been taken to avoid errors or omissions in the list of holidays published above as per the State Gazette. In spite of this, it is possible that any changes in holiday dates, mistakes, errors, ambiguity, inconsistency, discrepancy or doubts may inadvertently creep up.  The readers in case of any doubts are therefore requested to be guided by the holiday list announced by the State vide Gazette notification or the banks located in the State or by the IBA for correct and authentic information. The author or anyone connected directly or indirectly to this website accepts no responsibility whatsoever and will not be liable for any losses, claims or damages which may arise because of the contents of this write-up.

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Various Theories/Approaches on Capital Structuring Explained

This article explains the assumptions and key aspects of approaches to capital structuring, including the…

8 hours ago

Factors Influencing Decision on Capital Structuring

A company's capital structure is influenced by various factors, including its size, profitability, growth prospects,…

10 hours ago

Understanding Leverage and Gearing

Leverage and gearing are financial terms that refer to the use of debt by a…

1 day ago

Meaning of Capital Structuring of a Company

Capital structure is the combination of debt and equity used by a company to finance…

2 days ago

Overview: Global and Indian Forex Market

The foreign exchange market, or Forex Market (FX market), is a global decentralized over-the-counter (OTC)…

2 days ago

Calculation of forward exchange rates explained with the illustrations

A currency forward contract is a customized, written contract between two parties that sets a…

2 days ago