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 opened and allow normal banking transactions similar to any other working days.
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 co-operative banks operating in entire India).
List of Holidays
|1||01.01.2020||Wednesday||NEW YEAR DAY|
|6||23.03.2020||Thursday||TELUGU NEW YEAR DAY|
|7||01.04.2020||Monday||BANKS ANNUAL CLOSING OF ACCOUNTS|
|10||14.04.2020||Tuesday||TAMIL NEW YEAR/BIRTHDAY OF Dr.B.R.AMBEDKAR|
|11||01.05.2020||Friday||MAY DAY/LABOURS DAY|
|12||25.05.2020||Monday||EIDUL-UL- FITR (RAMZAN)|
|16||22.08.2020||Saturday||VINAYAKAR CHATURTHI/GANESHA CHATURTHI|
|17||30.08.2020||Sunday||MOHARAM LAST DAY|
|18||02.10.2020||Friday||MAHATMA GANDHI JAYANTHI|
|19||25.10.2020||Sunday||AYUTHA PUJA/AYUDHA POOJA|