Friday, 29 December 2017

PUNJAB Bank Holidays 2018 under NI Act

PUNJAB 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
Sr.NoDateDayOccasion/Festival Date
126.01.2018FridayREPUBLIC DAY
231.01.2018WednesdayGuru Ravidas’s Birth day
302.03.2018FridayHOLI
425.03.2018SundayRAM NAVAMI
502.04.2018MondayBANK’S ANNUAL CLOSING OF ACCOUNTS
616.06.2018SaturdayId-Ul-FITR
717.06.2018SundayMartyrdom day  of Guru Arjun devji
815.08.2018WednesdayINDEPENDENCE DAY
922.08.2018WednesdayBAKRID
1003.09.2018MondayJANMASHTAMI
1102.10.2018TuesdayMAHATMA GANDHI JAYANTHI
1219.10.2018FridayDUSSERA/VIJAYA DASHAMI
1324.10.2018WednesdayBirthday day of Maharshi Valmiki Ji
1507.11.2018WednesdayDIWALI
1623.11.2018FridayParkash gurpurab GURUNANAK JI JAYANTI
1725.12.2018TuesdayCHRISTMAS
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.

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