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, banks remain opened and allow normal banking transaction similar to any other working days.
All Sundays and 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881. (This holiday rule is applicable to all commercial and co-operative banks operating in entire India).
List of Holidays
|1||15.01.2018||Monday||UTTARYANA PUNYAKALA/SANKRANTI FESTIVAL|
|8||16.06.2018||Saturday||KUTUBA-E-RAMZAN (IDUL FITR)|
|11||13.09.2018||Thursday||VARASIDDHI VINAYAKA VRATA|
|12||21.09.2018||Friday||LAST DAY OF MOHARAM|
|13||02.10.2018||Tuesday||MAHATMA GANDHI JAYANTHI|
|15||18.10.2018||Thursday||MAHA NAVAMI/AYUDHA POOJA|
|17||24.10.2018||Wednesday||MAHARSHI VALMIKI JAYANTHI|
Local Holiday declared for Kodagu District only on account of Huthri Festival on 24.08.2018 Saturday
Following festivals occur on 2nd saturday or Sunday (Not declared as Holiday)
Ugadi 18.03.2018 Sunday
Annual closing of Bank accounts Sunday
Dr,B.R.Ambedkar’s Birthday 2nd Saturday
If any of the holidays for the festivals of Muslim fraternity notified above does not fall on the date notified, the holiday date may be altered by the concerned government or the community fraternity in government service may be granted special holidays on the date observable.
Disclaimer: Every effort has been taken to avoid errors or omissions in the list of holidays published above. In spite of this, it is possible that any changes in holiday dates, mistake, errors, ambiguity, inconsistency, discrepancy or doubts may inadvertently creep up. The readers are therefore requested to be guided by the holiday list announced by the banks of respective states/UT or by the IBA for correct and as authentic information. Author or anyone connected directly or indirectly to this website accepts no responsibility whatsoever and will not be liable for any losses, claims or damages which may arise because of the contents of this write up.