Bank Holidays In Telangana 2020: List Of Telangana Bank Holidays

Telangana Bank Holidays 2020: The list of bank holidays have been provided by the Reserve Bank of India which vary from state to state depending on their culture or some specific occasion. All the banks will be closed on the holidays mentioned in the article, so you can plan your visit accordingly to the nearest bank. Besides these public holidays and Sundays, every 2nd and 4th Saturday has been declared as a public holiday for banks in India by the Reserve Bank of India in 2015.

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List of Bank Holidays in Telangana 2020

The below data of holidays in Telangana 2020 is according to the list released by RBI for the Telangana region. Every bank and its branches follows this schedule of holidays throughout the year. Any addition or modification in the dates would be updated here.

Bank Holidays in Telangana 2020

Also see;  Complete List of Bank Holidays in India

Categorization of Bank Holidays

Holidays Under Negotiable Instruments Act:

According to Holidays Under Negotiable Instruments Act 1881, if any billing date by chance falls on the public holiday, then the next day of holiday will be counted as the due date for the bill. The dates: 15 January, 26 January, 21 February, 9 March, 25 March, 2 April, 1 May, 11 August, 22 August, 14 November, and 30 November is declared as holidays under the Negotiable Instrument Act 1881.

Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday:

The service of RTGs is not applicable on the holidays that are categorized under Negotiable Instruments Act & Real-Time Gross Settlement Holidays and the days falling under this act are 10 April, 14 April, 25 May, 1 August, 15 August, 2 October, 30 October, and 25 December.

Bank’s Closing of Accounts:

As per RBI guidelines, every year 1 April is declared as the bank’s holiday as the Annual closing of banks.

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