RBI’s New 15‑Day Rule: Uniform Claim Settlement Norms for Deceased Accounts
The RBI has now put in place a uniform, time‑bound framework for settlement of claims in respect of deceased customers’ deposits, replacing the earlier patchwork of circulars and ensuring standard procedures across banks. The new Directions mandate simplified documentation, defined thresholds for small-value claims, a strict 15‑day turnaround time (TAT), and compensation for delay, thereby…
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Ladakh UT- Bank Holidays 2026
The Administration of Union Territory of Ladakh, through notification No.530-LA(GAD)of 2025 dated 14.11.2025 declared Bank holidays to be observed throughout the UT of Ladakh during the calendar year 2026 under section 25 of negotiable instruments act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2026 Monday REPUBLIC DAY 2 16.02.2026 Wednesday MELA DOSMOCHEY (Leh District &…
Read articleBank holidays 2026 in Lakshadweep UT
The following are the public (bank) holidays for Karnataka in 2026, declared under the explanation of Section 25 of the Negotiable Instruments Act, 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2026 Monday REPUBLIC DAY 2 15.02.2026 Sunday SHIVRATHRI 3 04.03.2026 Wenesday HOLI 4 21.03.2026 Saturday EID-AL-FITR 4 31.03.2026 Tuesday MAHAVIR JAYANTHI 5 01.04.2026 Wednesday ANNUAL CLOSING…
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2026 Bank holidays in Dadra and Nagar Haveli and Daman and Diu
The UT administration of Dadra and Nagar Haveli and Daman and Diu through notificationNo.11/01/96-06/GA/Holiday/III/2024-25 dated 22.12.2025 declared following Bank Holidays u/s 25 of Negotiable Instrument Act 1881 for the year 2026. Date Day Holiday 26.01.2026 Monday REPUBLIC DAY 04.03.2026 Wednesday HOLI 01.04.2026 Wednesday ANNUAL CLOSING OF ACCOUNT (This holiday is applicable only to Commercial Banks)…
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Bank Holidays 2026: Andaman and Nicobar islands UT
The Administration of Andaman and Nicobar islands through notification No.92/2025/F.No.M-13/18/2022-GA dated 12.11.2025 declared following days are declared for the year 2025 as public holidays under the explanation of sec 25 of NI Act 1881 Date Day Occasion/Festival Date 26.01.2026 Monday REPUBLIC DAY 04.03.20226 Wednesday HOLI 21.03.2026 Saturday IDUL FITR/RAMZAN 26.03.2026 Thursday RAM NAVAMI 01.04.2026 Wednesday…
State-wise Bank Holidays in North Eastern India and Sikkim
The North Eastern region of India, comprising eight culturally diverse states, observes a distinct set of public and bank holidays reflecting regional festivals, historical events, and local traditions. For banks and financial institutions, adherence to state-specific holidays notified under the Negotiable Instruments Act, 1881 is essential for ensuring compliance, smooth branch operations, and accurate customer…
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