Categories: Bank News

Bank Holidays 2023 under NI Act: Kerala State

The Government of Kerala State vide Govt. notification G. O. (P) No. 23/2022/GAD. Dated, 26th October 2022, declared the following days as public HOLIDAYS for the year 2022 under Section 25 of NI Act (Negotiable Instrument Act) 1881.

Sr.NoDateDayOccasion/Festival Date
126.01.2022WednesdayREPUBLIC DAY
218.02.2023SaturdayMAHASHIVARATRI
301.04.2022*SaturdayBANKS’ ANNUAL CLOSING OF ACCOUNTS (holiday only for banks)
407.04.2023FridayGOOD FRIDAY
514.04.2022Thursday Birthday of Dr.B.R AMBEDKARr
615.04.2022SaturdayVISHU
721.04.2023MondayEID-UL-FITR/RAMZAN*
801.05.2023MondayMAY DAY
928.06.2023WednesdayBAKRID*
1015.08.2023TuesdayINDEPENDENCE DAY
1128.08.2023MondayFIRST  ONAM
1229.08.2023TuesdayTHIRU ONAM
1331.08.2023ThursdaySHREE NARAYAN GURU JAYANTHI
1422.09.2023TuesdaySHREE NARAYAN GURU SAMADHI DAY
1527.09.2023WednesdayMILAD-I-SHERIEF (Birthday of Prophet Mohammed) *
1602.10.2023MondayMAHATMA GANDHI JAYANTHI
1723.10.2023MondayMAHANAVAMI
1824.10.2023TuesdayVIJAYA DASHAMI
1925.12.2023MondayCHRISTMAS

The following festivals/occasions which fall on public holidays (Sundays) have been excluded from the above list. The branches of banks which work on these days will observe holidays for the same day.

 (1) Easter Sunday 9.4.23,

 (2)  Deepavali  Sunday 12.11.23

*Subject to change in the appearance of the moon.

All Sundays and 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881.

If any of the holidays for the festivals of the Muslim fraternity notified above does not fall on the date notified, the holiday date may be altered by the concerned government or the community fraternity in government service may be granted special holidays on the date observable.

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 Gazette or the banks located in the state of Kerala 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

What is Weighted Marginal Cost of Capital?

The marginal cost of capital (MCC) is the total combined cost of debt, equity, and…

3 hours ago

Meaning of WACC and factors affecting the WACC

The weighted average cost of capital (WACC) is the average rate that a business pays…

20 hours ago

Regulations on Interest Rate Resets on EMI based personal loans explained

The Reserve Bank of India (RBI) defines a personal loan as a type of unsecured…

21 hours ago

Determining the Proportion:  Preference V/s Equity Shares

A share is a unit of ownership in a company and has an exchangeable value…

1 day ago

Overview: Cost of Debt, Taxation, & Capital Structure

The cost of debt is the interest rate a company pays on its debt, and…

2 days ago

Various Theories/Approaches on Capital Structuring Explained

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

3 days ago