Categories: Bank News

Bank Holidays 2024: Nagaland State

The State Government of Nagaland on November 23, 2023, declared the days specified below as public holidays under the explanation to Section – 25 of the Negotiable Instruments Acts, 1881 (Act, XXVI of 1881).

Sr. NoDateDayOccasion/Festival Date
101.01.2024MondayNew Year Day
226.01.2024FridayREPUBLIC DAY
329.03.2024FridayGOOD FRIDAY
401.04.2024MondayBANK HOLIDAY FOR ANNUAL  CLOSING OF  ACCOUNTS
511.04.2024ThursdayRAMZAN (IDUL FITR)
617.06.2024MondayBAKRID (ID-UL-ZUHA)
715.08.2024ThursdayINDEPENDENCE DAY
802.10.2024WednesdayMAHATMA GANDHI JAYANTHI
910.10.2024 & 11.10.2024Thursday & FridayDURGA PUJA/DUSSEHRA (2 days)
1031.10.2024ThursdayDIWALI
1115.11.2024FridayGURUNANAK JAYANTI
1201.12.2024SundaySTATE INAGURATION DAY
1324.12.2024 25.12.2024 26.12.2024 27.12.2024Tuesday Wednesday Thursday Friday  CHRISTMAS   (4 days)

There will be no public transactions in the Banks and Financial Institutions in the State of Nagaland on the above-mentioned dates in the Calendar Year 2024. (Total 17 days)

Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under the NI Act applies exclusively to the banks located within the administration area of specific State and Union Territories.  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.   

All Sundays and 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881. (This holiday rule is applicable to all commercial and cooperative banks operating in entire India).

Disclaimer: Every effort has been taken to avoid errors or omissions in the list of holidays published above. Despite of this, any changes in holiday dates, mistakes, errors, ambiguity, inconsistency, discrepancy, or doubts may inadvertently creep up. The readers are therefore requested to be guided by the holiday list announced by the banks of respective states/UT, 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 that 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…

23 minutes ago

Meaning of WACC and factors affecting the WACC

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

17 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…

18 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