Bank Holidays 2021 declared by Uttar Pradesh (U.P) Government under NI act
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,…
Read article Bank holidays 2021 in the State of Sikkim
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,…
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RBI permits banks to Set-off of Export receivables against Import payables
RBI permits AD banks to Set-off outstanding export receivables against outstanding import payables from/to the same overseas buyer/supplier. In the Statement on Development and Regulatory Policies dated December 4, 2020, RBI announced greater flexibility to AD banks in the areas like Direct Dispatch of Shipping Documents, / “Write-off” of unrealized export bills,/ Refund of Export…
Read article Bank Holidays 2021 in the State of Uttarkhand
Calendar of holidays in the State of Uttarkhand for the year 2021 notified under section 25 of Negotiable instrument Act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 11.03.2021 Thursday MAHA SHIVRATRI 3 29.03.2021 Monday HOLI 2ND DAY 4 01.04.2021 Thursday Banks are closed for public transactions (Annual closing of accounts)…
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RBI offers greater flexibility on ‘write-off’ of unrealized export bills
As announced in Statement on Development and Regulatory Polices dated December 4, 2020, RBI revised extant procedure and delegates the grater flexibility to AD banks in respect of “write-off” of unrealized export bills. The exporter other than the Status Holder Exporter may self-write off 5% of total export proceeds realized during the calendar year proceeding…
Bank holidays 2021 in Puducherry and Karaikal regions
Calendar of bank holidays 2021 in Puducherry and Karaikal regions Sr.No Date Day Occasion/Festival Date 1 01.01.2021 Friday NEW YEAR DAY 2 14.01.2021 Thursday PONGAL 3 15.01.2021 Friday Thiruvalluvar Day/Mattu Pongal 4 26.01.2021 Tuesday REPUBLIC DAY 5 01.04.2021 Thursday BANKS ANNUAL CLOSING OF ACCOUNTS 6 02.04.2021 Friday GOOD FRIDAY 7 24.04.2021 Wednesday TAMIL NEW YEAR…
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