Bank Holidays In Punjab 2020: Punjab Govt Holidays

Banks in India observe different types of holidays in India. There are National holidays, Saturday holidays, and State-specific holidays. In this space, we will be preparing the list of holidays in Punjab 2020. Read this article to know more about it.

List Of Bank Holidays In Punjab 2020– Banks in India observes different types of holidays in India. There are National holiday, Saturday holidays and State specific holiday. In this space we will be preparing the list of holidays in Punjab 2020. This list is prepared from the official website of RBI. If you wish to check the list of holidays of other region as well, Click here. This list can be very handy for those of you, who are planing to visit any of the bank branch in Punjab. National Holidays includes: Republic day, Independence, Gandhi Jayanti etc. while the Saturday bank holiday refers to the holiday observe in banks every second and fourth Saturday. If you wish to check that complete list, Click here.

List Of Bank Holidays In Uttar Pradesh 2020 List of Bank holidays in Delhi 2020 List of Bank holidays in Haryana 2020

Bank Holidays In Punjab 2020

Given below is the complete list of the “Bank Holidays In Punjab 2020”

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January
2/01/2020 Year Celebration/Guru Govind Singh Ji Birthday Holiday under Negotiable Instruments Act
February
21/02/2020 Mahashivratri Holiday under Negotiable Instruments Act
March
10/03/2020 Holi (Second Day)/Dol Jatra/Dhuleti/Yaosang 2nd Day Holiday under Negotiable Instruments Act
April
1/04/2020 Annual closing of banks Banks’ Closing of Accounts
2/04/2020 Ram Navami Holiday under Negotiable Instruments Act
6/04/2020 Mahavir Jayanti Holiday under Negotiable Instruments Act
10/04/2020 Good Friday Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
May
7/05/2020 Buddha Pournima Holiday under Negotiable Instruments Act
25/05/2020 Ramzan Id (Id-Ul-Fitr) (Shawal-1) Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
August
12/08/2020 Janmashtami Holiday under Negotiable Instruments Act
15/08/2020 Independence Day Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
October
2/10/2020 Mahatma Gandhi Jayanti Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
November
14/11/2020 Diwali Amavasaya (Laxmi Pujan)/Kali Puja Holiday under Negotiable Instruments Act
30/11/2020 Guru Nanak Jayanti/Kartika Purnima/Rahasa Purnima Holiday under Negotiable Instruments Act
December
25/12/2020 Christmas Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday

These three categories of holidays can be explained as given below:

Holiday under Negotiable Instruments Act- Banks observe holidays on those days that comes under this category as it simply means that if the maturity of an instrument is on the date of the holidays under negotiable instrument, the date preceding it will be considered the date of maturity in that case.

Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday- This simply refers to the days on which the service of RTGs is not available.

Banks’ Closing of Accounts- On, 1st April banks observe the Annual Bank’s closing of Accounts and hence banks observe holiday on this day.

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