Madhya Pradesh Bank Holidays 2020: As there have been many common holidays in the country but from state to state there are some additional bank holidays. Every state has its own list of bank holidays as per the RBI guidelines which has been displayed in this article to provide an help for you to make your plan for bank visit. Read out the article to learn about the bank holidays in Madhya Pradesh.
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List of Bank Holidays in Madhya Pradesh
Below mentioned is the official list of bank holidays in Madhya Pradesh which has been prepared as per the authentication of RBI guidelines. Since 2015, RBI had announced every 2nd and 4th Saturdays are considered as public bank holidays in the state. The banks and all its branches remain closed on these Saturdays, Sundays and below given dates.
|Bank Holidays in Madhya Pradesh 2020|
|26 January||Republic Day||Sunday|
|19 February||Chhatrapati Shivaji Maharaj Jayanti||Wednesday|
|10 March||Holi/Dol Jatra||Tuesday|
|25 March||Gudhi Padwa/Ugadi festival||Wednesday|
|1 April||Annual bank closing||Wednesday|
|2 April||Ram Navami||Thursday|
|6 April||Mahavir Jayanti||Monday|
|10 April||Good Friday||Friday|
|14 April||Dr. Babasaheb Ambedkar Jayanti/ Bengali New Year’s Day/Tamil New Year’s Day/Bohag Bihu/Vishu||Tuesday|
|1 May||May Day (Labour Day)||Friday|
|7 May||Buddha Purnima||Thursday|
|25 May||Ramzan Id (Id-Ul-Fitr)||Monday|
|15 August||Independence Day||Saturday|
|22 August||Ganesh Chaturthi||Saturday|
|2 October||Gandhi Jayanti||Friday|
|30 October||Id-E-Milad/Lakshmi Puja||Friday|
|14 November||Diwali/Kali Puja||Saturday|
|16 November||Diwali/Laxmi Puja/Bhaidooj||Monday|
|30 November||Guru Nanak Jayanti/Kartika Purnima||Monday|
Also read; IBPS PO 2020 Notification
Classification of Bank Holidays
Holidays Under Negotiable Instruments Act: The RBI had announced 26 January, 19 February, 21 February, 10 March, 25 March, 2 April, 6 April, 1 May, 7 May, 22 August, 14 November, 16 November, and 30 November has been classified as Holiday under Negotiable Instrument Act 1881. As per the act, any maturity day or any dues coming on these dates will be preceded to the next day.
Holidays under Negotiable Instruments Act and Real-Time Gross Settlement Holidays: Under this act, 10 April, 14 April, 25 May, 1 August, 15 August, 2 October, 30 October, and 25 December are declared as the dates when RTGs are not applicable in any of the banks.
Annual Bank Closing Day: 1st April has been decided as the annual bank closing day when every bank are closed.
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