BANK HOLIDAYS 2024: TAMIL NADU
The Tamil Nadu government has announced a list of 24 days as public holidays in 2024 under the Negotiable Instruments Act, 1881, which will be applicable to State government offices, its undertakings, corporations and boards, among others. Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR’s DAY 2 15.01.2024 Monday PONGAL 3 16.01.2024 Tuesday…
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Bank Holidays 2024: Himachal Pradesh
The Government of Himachal Pradesh vide notification No.GAD-A(F)10-7/2023 dated 02.11.2023 declared the following days as public holidays for the year 2024 under section 25 of the NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI * 01.04.2024 Monday Banks’ Annual…
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Bihar State Bank Holidays 2024
The Government of Bihar declared the following public holidays for the year 2024 under explanation to section 25 of the Negotiable Instrument Act 1881 as per gazette notification dated 11th September 2023 (Schedule 4). Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 22.03.2024 Friday BIHAR DAY 3 26.03.2024 Tuesday HOLI 4 27.03.2024…
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DA CHART FOR BANK CLERICAL STAFF (NOVEMBER 2023 TO JANUARY 2024)
Consumer Price Index for July, August, and September 2023 are respectively- 139.70, 139.20, and 137.50. It works out to 693 slabs of DA payable to bank staff for the quarter of November 2023 to January 2024. Hence there will be an increase of 61 slabs in DA for the above period at 48.51% as per…
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Bank holidays 2024 in Kerala state under NI Act
The Government of Kerala State declared the following days as public HOLIDAYS for the year 2024 under Section 25 of the NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 29.03.2024 Friday GOOD FRIDAY 4 01.04.2024 Thursday BANKS’ ANNUAL CLOSING OF ACCOUNTS 5…
Do you know this? Excess Interest collected by the banks by rounding off the applicable interest cannot be retained by the banks
The Hon’ble Supreme Court in its Judgment dated April 16, 2004, has ordered that excess interest collected by the banks from the borrowers through rounding off the applicable interest rate should be recovered from the banks and credited to a Trust to be created for the benefit of disadvantaged people. In the same judgment, the…
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