Bank Holidays In Maharashtra 2020: List Of Maharashtra Bank Holidays

Maharashtra Bank Holidays 2020: The Reserve Bank of India had given the list of bank holidays for every regional offices. We have created a separate list for Maharashtra state which is applicable for every bank and their branches in the state. Back in the year 2015, RBI had declared every month’s 2nd and 4th Saturdays as a public holiday for every bank and their branches. The bank shall remain closed on these days including the days depicted in the below given table.

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Also read; List of RBI Bank Holidays 2020 

List of Bank Holidays in Maharashtra

Find out the bank holidays in Maharashtra state for the year 2020 in the below given table and plan your visit to the nearest bank likewise.

Also read; Complete List of Bank Holidays in India

Bank Holidays in Maharashtra 2020
Date Holiday Day
January 2020
26 January Republic Day Sunday
February 2020
19 February Chhatrapati Shivaji Maharaj Jayanti Wednesday
21 February Mahashivratri Friday
March 2020
10 March Holi/Dol Jatra
25 March Gudhi Padwa/Ugadi festival
April 2020
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
May 2020
1 May May Day (Labour Day) Friday
7 May Buddha Purnima Thursday
25 May Ramzan Id (Id-Ul-Fitr) Monday
August 2020
1 August Bakrid Saturday
15 August Independence Day Saturday
22 August Ganesh Chaturthi Saturday
October 2020
2 October Gandhi Jayanti Friday
30 October Id-E-Milad Friday
November 2020
14 November Diwali Saturday
16 November Diwali/Laxmi Puja/ Bhaidooj/ Chitragupt Jayanti Monday
30 November Guru Nanak Jayanti Monday
December 2020
25 December Christmas Friday

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, 1 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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