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 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.
Sr.No | Date | Day | Occasion/Festival Date |
1 | 01.01.2023 | Sunday | NEW YEAR’s DAY |
2 | 15.01.2023 | Sunday | PONGAL |
3 | 16.01.2023 | Monday | THIRUVALLUVAR DAY |
4 | 17.01.202 | Tuesday | UZHAVAR THIRUNAL |
5 | 26.01.2023 | Thursday | REPUBLIC DAY |
6 | 05.02.2023 | Sunday | THAIPUSAM |
7 | 22.03.2023 | Wednesday | TELUGU NEW YEAR’S DAY |
8 | 01.04.2023* | Saturday | BANKS’ ANNUAL CLOSING OF ACCOUNTS* |
9 | 04.04.2023 | Tuesday | MAHAVIR JAYANTHI |
10 | 07.04.2023 | Friday | GOOD FRIDAY |
11 | 14.04.2023 | Friday | TAMIL NEW YEAR DAY/BIRTHDAY OF Dr.B.R.AMBEDKAR/MAHAVIR JAYANTI |
12 | 22.04.2023 | Saturday | EIDUL-UL- FITR (RAMZAN) |
13 | 01.05.2022 | Monday | MAY DAY/LABOURS DAY |
14 | 29.06.2023 | Thursday | BAKRID (ID-UL-AZHA) |
15 | 29.07.2023 | Saturday | MOHARRAM LAST DAY |
16 | 15.08.2023 | Tuesday | INDEPENDENCE DAY |
17 | 06.09.2023 | Wednesday | KRISHNA JAYANTHI |
18 | 17.09.2023 | Sunday | VINAYAKAR CHATURTHI (GANESHA CHATURTHI) |
19 | 28.09.2023 | Thursday | MILAD-UN-NABI |
20 | 02.10.2023 | Sunday | MAHATMA GANDHI JAYANTHI |
21 | 23.10.2023 | Monday | AYUTHA PUJA/AYUDHA POOJA |
22 | 24.10.2023 | Tuesday | VIJAYADASHAMI |
23 | 12.11.2023 | Sunday | DEEPAWALII |
24 | 25.12.2023 | Monday | CHRISTMAS |
*Applicable only to Commercial Banks and Co-operative Banks in Tamil Nadu.
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 the entire India). 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 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.
Accounting is a multifaceted discipline. It caters to the diverse informational needs of stakeholders within…
As the name says ‘computerised accounting’ is the use of computers, software, and hardware to…
The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission…
The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis…
The term "accounting treatment" represents the prescribed manner or method in which an accountant records…
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…