Bank Holidays In Karnataka 2020: List Of Karnataka Bank Holidays

Karnataka Bank Holidays 2020: This article is all about the bank holidays that are observed in Karnataka state. Check this article to know everything about the bank holidays in the year 2020. These include both government holidays and public holidays in the state as authenticated by Reserve Bank of India. Besides these holidays banks will remain closed on 2nd & 4th Saturdays and all Sundays. These holidays are announced by RBI and are followed by every bank of Karnataka and its branches. 

List of RBI Bank Holidays 2020 

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List of Bank Holidays in 2020

Below is the approved list of bank holidays of Karnataka state. During these holidays online transactions or money withdrawal from ATMs will function properly. Do also check the complete list of bank holidays too by clicking the link provided below,

Complete List of Bank Holidays in India

Bank Holidays in Karnataka 2020
Date Holidays Day
January 2020
15 January Uttarayaana Punyakaala Makara Sankranti Festival/Pongal/Magh Bihu and Tusu Puja Wednesday
26 January  Republic Day Sunday
February 2020
21 February Mahasivratri Friday
April 2020
1 April  Annual closing of banks Wednesday
6 April Mahavir Jayanti Monday
10 April Good Friday Friday
14 April  Ambedkar Jayanti/Bengali New Year Day Tuesday
May 2020
1 May May Day Friday
25 May Ramzan Id Monday
July 2020
18 July  COVID-19 containment measure Thursday
August 2020
1 August  Bakri Id Saturday
15 August  Independence Day Saturday
September 2020
17 September  Mahalaya Amavasye Thursday
October 2020
2 October Gandhi Jayanti Friday
26 October Vijayadashami Monday
30 October Id-E-Milad (Milad-un-Nabi)/Friday following Eid-i-Milad-ul-Nabi/ Baravafat/Lakshmi Puja Friday
31 October  Sardar Vallabhbhai Patel’s Birthday/ Maharishi Valmiki Jayanthi/Kumar Purnima Saturday
November 2020
16 November  Diwali/Laxmi Puja/Bhaidooj/ Vikram Samvat New Year Day Monday
December 2020
3 December Kanakadasa Jayanthi/Feast of St. Francis Xavier Thursday
25 December Christmas Day Friday

Also check; Sarkari Jobs 2020 Live Updates: Latest Sarkari Naukri (सरकारी नौकरी) Notifications

Classification of Bank Holidays

Holidays under Negotiable Instrument Act: In the above table, the days falling under the Negotiable Instruments Acts 1881 are as such 26 January, 10 March, 25 March, 1 May, 22 August, 14 November, 3 December, and 19 December. On these days, there won’t be any due date, if any due date falls it would be shifted to the next day of holiday   

Holidays under Negotiable Instrument Act and Real-Time Gross Settlement: And the days 10 April, 14 April, 25 May, 15 August, 2 October, and 25 December comes under Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday and no RTGs would be applicable on these days.

Annual Bank Closing Day: On 1st April, the RBI had announced closing of bank in the lieu of annual bank closing day. The banks shall remain unfunctioning during this day. 

Also read; RBI Releases The National Strategy For Financial Education: 2020-2025

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