Bank holidays 2023 under NI Act: Assam State
The Government of Assam declared the following holidays for the year 2023 under section 25 of the NI Act 1881. These holidays are applicable exclusively to the banks located within the State of Assam administration [Ref: e.file.No. 221561/1 dated 28.11.2022] Sr.No Date Day Occasion/Festival Date 1 15.01.2023 Sunday MAGH BIHU 2 26.01.2023 Thursday REPUBLIC DAY…
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Bank Holidays 2023: Jharkhand State
Calendar of Bank holidays 2023 in Jharkhand State under section 25 of NI act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 18.02.2023 Saturday MAHASHIVARATRI 3 07.03.2023 Tuesday HOLIKA DAHAN 4 08.03.2023 Thursday HOLI 5 30.03.2023 Thursday RAM NAVAMI * 01.04.2023 Saturday Banks’ Annual Closing of Accounts (This holiday is not…
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Single Block Multiple Debits (SBMD) features for UPI payment announced
The Governor of the Reserve Bank of India (RBI) in his ‘Statement on Developmental and Regulatory Policies’ of December 7, 2022, announced special features like ‘Single-Block-and-Multiple-Debits (SBMD)’ within the UPI framework. Under the SBMD framework, once the UPI customer has given consent to block the money in their bank account, the merchant can make multiple…
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The RBI policy rate REPO is now at its highest level since August 2018
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday (December, 7) hiked the repo rate by 35 basis points (bps) to 6.25 percent with immediate effect, RBI Governor Shaktikanta Das announced. The RBI governor further announced that the MPC decided to remain focused on the withdrawal of accommodation and added that the…
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Paperless home loans a reality soon
The Ministry of Electronics and Information Technology (MeitY) has made it possible to digitize mortgage and other property documents for several new types of loans, which will give a boost to the digitization of home loans. NESL provides a digital documentation execution service for banks that enables contracts to be made electronically. DDE is a…
Bank Holidays 2023 under NI Act: Kerala State
The Government of Kerala State vide Govt. notification G. O. (P) No. 23/2022/GAD. Dated, 26th October 2022, declared the following days as public HOLIDAYS for the year 2022 under Section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.02.2023 Saturday MAHASHIVARATRI 3 01.04.2022* Saturday…
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