Categories: Bank Staff

Bank Holidays 2021 in Punjab State under NI Act

 Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the State of Punjab during the year 2021:-

Sr.NoDateDayOccasion/Festival Date
126.01.2021TuesdayREPUBLIC DAY
211.02.2021ThursdayMAHA SHIVRATRI
329.03.2021MondayHOLI
401.04.2021ThursdayBANK’S ANNUAL CLOSING OF ACCOUNTS
502.04.2021FridayGOOD FRIDAY
621.04.2021ThursdayRAM NAVAMI
713.05.2021ThursdayID-UL-FITR
820.07.2021TuesdayID-UL-ZUHA
930.08.2021MondayJANAMASHTAMI
1015.08.2021SUNDAYINDEPENDENCE DAY
1102.10.2021SaturdayMAHATMA GANDHI JAYANTHI
1215.10.2021FridayDUSSEHRA
1304.11.2021ThursdayDIWALI
1419.11.2021FridayGURUNANAK JI JAYANTI(Parkash gurpurab)
1525.12.2021SaturdayCHRISTMAS

GURU RAVIDAS’s BIRTHDAY is on 27th Feb 2021 being 4th Saturday, not declared as a holiday

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).

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. 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 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 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…

12 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