The following holidays declared under section 25 of NI Act 1881 by the Government of Himachal Pradesh are applicable exclusively to the banks located within the State of Himachal Pradesh administration. Sr.No Date Day Occasion/Festival Date 1 26.01.2020 Sunday REPUBLIC DAY 2 22.02.2020 Friday MAHA SHIVRATRI 3 10.03.2020 Tuesday HOLI 4 01.04.2020 Wednesday Banks’ Annual…
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,…
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,…
In today’s( October 18, 2019) talks between representatives of UFBU constituents and IBA, UFBU pressed for an immediate decision on the following issues. Demand for Early settlement, Demand for an increase in IBA’s offer, Demand for the merger of special allowance into basic pay, Demand for 5 days week, Demand for improvement in family pension,…
Working hours of all branches in Karnataka State, Odisha State, Telangana State and Delhi is fixed as 10.00am to 4.00pm from 01.10.2019 as per Department of financial services DFS and SLBC instructions. Private Banks were also requested to formulate their working hours accordingly. The above move is aimed at removing all the discrepancies in the…
UFBU constituents workmen Unions/Officers’ Associationsise invited by IBA for the next bipartite negotiating committee meeting on Tuesday 17th September 2019 at 10.30 am. In a letter dated 13.09.2019 addressed to Shri.Sanjeev K Bandish convenor UFBU, S.K. Kakkar, Senior advisor of IBA invited the representatives of constituents workmen Unions/Officers’ Associations on Tuesday 17th September 2019 at…
The government on Friday (August 30, 2019) announced the amalgamation of eight public sectors and making them in to three single entities. As per the announcement, Oriental Bank of Commerce and United Bank of India will merge with Punjab National Bank. Canara Bank and Syndicate Bank will become single entity with the merger. Union Bank…
The Reserve Bank of India decided to extend timings of RTGS from August 26, 2019. With effect from August 26, 2019 the RTGS system is available for customer transactions from 7:00 are to 6:00 pm and for inter-bank transactions from 7:00 am to 7:45 pm. The IDL Reversal timing fixed between 7:45 pm -8.00 pm…
The Centre decides to increase the Dearness Allowance (DA) of central government employees for July 2019. According to reports, the CG employees would be getting 17 percent Dearness Allowance (DA) for July 2019 to October 2019. It is expected that the same DA will continue until January 2020. The present, DA for Central govt employees…
For individuals: No change in personal income tax slabs. Full tax rebate on taxable income (after all applicable deductions) up to Rs. 5 Lakh continues as announced in the interim budget of 2019. 3% surcharge for those in the income bracket ₹2 crore to5 crore, and 7% surcharge on income of ₹5 crore and above.…