Punjab Bank Holidays 2020: This article contains the complied list of bank holidays in Punjab for the year 2020 and on which day these public or government holidays are falling. As decided by RBI in 2015, every second and fourth Saturday is declared as a public holiday for banks and their branches. Therefore banks will remain closed on the dates given below along with Sundays and every second & fourth Saturdays in Punjab state.
Click on the link to check RBI’s official page of bank holidays 2020
List of Bank Holidays in Punjab
The table below is for the bank holidays for state Punjab for the financial year 2020. These holidays include both government and public holidays for Punjab. The compiled list of bank holidays of Punjab will provide you an idea for planning your bank visit to the bank.
Also read; Complete List of Bank Holidays in India
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Bank Holidays in Punjab 2020 |
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Date |
Holiday |
Day |
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January 2020 |
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2 January |
Guru Govind Singh Birthday |
Thursday |
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26 January |
Republic Day |
Sunday |
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February 2020 |
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21 February |
Mahashivratri |
Friday |
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March 2020 |
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10 March |
Holi |
Tuesday |
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April 2020 |
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1 April |
Annual Closing of Banks |
Wednesday |
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2 April |
Ram Navami |
Thursday |
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6 April |
Mahavir Jayanti |
Monday |
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10 April |
Good Friday |
Friday |
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May 2020 |
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7 May |
Buddha Purnima |
Thursday |
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25 May |
Eid-ul-Fitr |
Monday |
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August 2020 |
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1 August |
Bakrid / Eid-al-Adha |
Saturday |
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12 August |
Janmashtami |
Tuesday |
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15 August |
Independence Day |
Saturday |
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October 2020 |
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2 October |
Gandhi Jayanti |
Friday |
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November 2020 |
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14 November |
Diwali Amavasya |
Saturday |
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30 November |
Guru Nanak Jayanti |
Monday |
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December 2020 |
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25 December |
Christmas Day |
Friday |
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Classification of Holidays:
The bank holidays in Punjab 2020 mentioned above have been classified as following:
1. Annual Bank Closing day
In Punjab, on 1st April the banks remain closed as the annual bank closing day as per the RBI announcement.
2. Holidays Under Negotiable Instruments Act, 1881
According to Holidays Under Negotiable Instruments Act 1881, if the day is a maturity day and it comes on the public holiday, then the preceding day will be counted as the due date. The dates 2 January, 26 January, 21 February, 10 March, 2 April, 6 April, 7 May, 12 August, 14 November, 30 November are declared as holidays under the Negotiable Instrument Act 1881.
3. Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday
On these days, the service of RTGs is not applicable and the days falling under this act are 10 April, 25 May, 1 August, 15 August, 2 October, and 25 December.
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