The holidays declared under the NI Act apply exclusively to the banks located within the administration area of a specific State or Union Territory. 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. States and Union Territories of…
The Governments of Punjab, Haryana, Chandigarh Himachal Pradesh have declared Holidays under the explanations of section 25 of NI act 1881. The Statewise list of holidays above states are as under: The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In…
Human Resources Department, Government of Haryana in its order No.28/67/2008-1HR-I dated 22.12.2023 has released the Holiday Calendar for the Year 2024. The letter conveyed that the holidays enumerated in the schedule below shall be observed as public holidays under the explanation of section 25 of the Negotiable Instruments Act 1881 List of holidays Sr.No Date…
The list of Bank Holidays for the year 2023 in Madhya Pradesh State under section 25 of NI Act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHASHIVARATRI 4 25.03.2024 Monday HOLI 2nd Day 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday Annual closing of Banks…
Chandigarh administration vide notification NoNo.6/1/-IH(I) -2023/17123 dated 15.12.2023 declared the following days as Bank holidays in the Union territory of Chandigarh. for the year 2024 under the explanation of section 25 of NI Act 1881. List of Holidays: Sr.No Date Day Occasion/Festival Date 1 17.01.2024 Wednesday GURU GOBINDJI BIRTHDAY 2 26.01.2024 Friday REPUBLIC DAY 3…
The Punjab State government released the list of Bank holidays for the year 2024. The list of holidays Sr.No Date Day Occasion/Festival Date 1 17.01.2024 Wednesday Birthday of Guru Govindji 2 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHA SHIVRATRI 4 25.03.2024 Monday HOLI 5 29.03.2024 Friday GOOD FRIDAY 6 01.04.2024 Monday BANK’S ANNUAL CLOSING…
RBI on Friday has increased the without Additional Factor of Authentication (AFA)limit from existing ₹15,000/- to ₹1, 00,000/-per transaction for the following categories: (a) subscription to mutual funds, (b) payment of insurance premiums, and (c) credit card bill payments. e- Mandate is a standard instruction that you provide to your issuing bank and other institutions,…
RBI on Friday in its Statement on Development and Regulatory policies announced that the limit for payments to hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction. This will help the consumers to make UPI payments of higher amounts for education and healthcare purposes, said RBI. “Separate instructions will be issued shortly”,…
The India Banks Association (IBA) and United Forum of Bank Unions (UFBU) an umbrella body of 9 Bank unions AIBEA, NCBE, NOBW, BEFI, INBEF (workmen unions) along with, AIBOC, INBOC, AIBOC, and NOBO (Officers Associations) have agreed to a 17% wage hike based on pay slip basis for all the public sector banks including SBI…
The Government of Uttar Pradesh in its order No.528/3-2023-39(2)/2016 Dated 05.12.2023 declared the following days as Bank Holidays for the year 2024 under the explanation of Section 25 of Negotiable Instruments Act 1881. Sr.No Date Day Occasion/Festival Date 1 25.01.2024 Thursday MD.HAZARAT ALI’S BIRTHDAY 2 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHA SHIVRATRI 4…