On the event of Guru Nanak Jayanti, banks in a number of states will stay shut on Monday. Nonetheless, not each state has declared a vacation on the event and there is likely to be exceptions in some states.
Banks vacation on Guru Nanak Jayanti shall be offered underneath ‘Negotiable Devices Act’. Below the NI Act of 1881, the central authorities categorised holidays into three classes, that are Actual-Time Gross Settlement Vacation; and Banks’ Closing of Accounts.
In keeping with record of financial institution holidays launched by the Reserve Financial institution of India (RBI), banks will stay closed within the following areas: Agartala, Aizwal, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Telangana, Itanagar, Jaipur, Jammu, Kanpur, Kohima, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar.
Other than this, banks will stay shut in Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Hyderabad-Andhra Pradesh, Imphal, Kochi, Panaji, Patna, Shillong and Thiruvananthapuram.
The total record states which have declared Financial institution Vacation on Guru Nanak Jayanti
Guru Nanak Jayanti is also referred to as Gurupurap and Guru Nanak’s Prakash Utsav. One of many broadly celebrated festivals in India, the competition celebrates the start of the primary Sikh Guru, Guru Nanak.
To save lots of from last-minute issues and chaos whereas performing monetary duties that require visits to branches it’s at all times advisable to test financial institution holidays earlier than planning any go to. It’s value noting that on-line banking and different bank-related duties which can be carried out on-line won’t be affected because of the vacation.
In December, banks will stay shut for as many as 18 days. These holidays embody common holidays like Sundays and second, and fourth Saturdays. Nonetheless, the record of holidays may range in numerous states and areas. Furthermore, there are additionally regional holidays which differ from state to state.
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Up to date: 24 Nov 2023, 06:52 PM IST
Supply: Live Mint