Bank Holidays 2020: There are different types of holidays and one such holidays is Bank Holidays in India and on this day all the banks observe holidays. There are different types of Bank holidays like: National Holidays, these are observe across the nation and the other is state specific which is observed in a specific state. In this space we will be providing you the complete Bank Holiday List 2020 in August. As per the decision made in 2015, it is mandatory for every bank to announce public holiday on every 2nd and 4th Saturday of the month. However, online or net banking facilities, several banking transactions such as money transfers, bill payments, etc. will be available on bank holidays, just branches of banks will remain closed. Read the complete article to learn more about bank holidays in India and also find state-wise bank holidays list for the financial year 2020.
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The main significance of providing bank holidays is to give a work-life balance to all the bank employees. On the bank holidays, the bank customers will not be able to transact or deposit at any of the bank branches all over India.
Do check; RBI List of Bank Holidays 2020
Statewise Bank Holidays 2020 in India
Each state has its own specific events or festivals, depending on these RBI has released state-wise bank holiday lists. State governments decide specific holidays based on their regional and cultural significance. Click on the link of the state for which you are looking and you will be taken to the page of that particular state depicting its Bank Holidays 2020 in India.
List of Bank Holidays in India 2020
Given below is the list of Bank holidays in India 2020:
|DAY||DATE||Bank Holidays 2020|
|Saturday||Jan 11, 2020||2nd Saturday Bank Holiday|
|Saturday||Jan 25, 2020||4th Saturday Bank Holiday|
|Sunday||Jan 26, 2020||Republic Day|
|Saturday||Feb 08, 2020||2nd Saturday Bank Holiday|
|Saturday||Feb 22, 2020||4th Saturday Bank Holiday|
|Tuesday||Mar 10, 2020||Holi|
|Saturday||Mar 14, 2020||2nd Saturday Bank Holiday|
|Saturday||Mar 28, 2020||4th Saturday Bank Holiday|
|Thursday||Apr 02, 2020||Yearly Closing of Bank Accounts|
|Monday||Apr 06, 2020||Mahavir Jayanti|
|Friday||Apr 10, 2020||Good Friday|
|Saturday||Apr 11, 2020||2nd Saturday Bank Holiday|
|Saturday||Apr 25, 2020||4th Saturday Bank Holiday|
|Thursday||May 07, 2020||Buddha Purnima|
|Saturday||May 09, 2020||2nd Saturday Bank Holiday|
|Saturday||May 23, 2020||4th Saturday Bank Holiday|
|Monday||May 25, 2020||Eid al-Fitr|
|Saturday||Jun 13, 2020||2nd Saturday Bank Holiday|
|Saturday||Jun 27, 2020||4th Saturday Bank Holiday|
|Saturday||Jul 11, 2020||2nd Saturday Bank Holiday|
|Saturday||Jul 25, 2020||4th Saturday Bank Holiday|
|Friday||Jul 31, 2020||Eid-al-Zuha|
|Saturday||Aug 08, 2020||2nd Saturday Bank Holiday|
|Tuesday||Aug 11, 2020||Sri Krishna Janmastami|
|Wednesday||Aug 12, 2020||Janamashtmi|
|Saturday||Aug 15, 2020||Independence Day|
|Saturday||Aug 22, 2020||4th Saturday Bank Holiday|
|Sunday||Aug 30, 2020||Muharram|
|Saturday||Sep 12, 2020||2nd Saturday Bank Holiday|
|Saturday||Sep 26, 2020||4th Saturday Bank Holiday|
|Friday||Oct 02, 2020||Mahatma Gandhi Jayanti|
|Saturday||Oct 10, 2020||2nd Saturday Bank Holiday|
|Saturday||Oct 24, 2020||4th Saturday Bank Holiday|
|Monday||Oct 26, 2020||Dussehra|
|Friday||Oct 30, 2020||Eid-e-Milad|
|Saturday||Nov 14, 2020||2nd Saturday Bank Holiday|
|Saturday||Nov 14, 2020||Deepavali / Diwali|
|Saturday||Nov 28, 2020||4th Saturday Bank Holiday|
|Monday||Nov 30, 2020||Guru Nanak Jayanti|
|Saturday||Dec 12, 2020||2nd Saturday Bank Holiday|
|Friday||Dec 25, 2020||Christmas|
|Saturday||Dec 26, 2020||4th Saturday Bank Holiday|
Check List of Important Days in 2020:
|May Day||June 2020||July 2020||August 2020|
Types of Bank Holidays 2020
There are two types of Bank Holidays :
- National Holidays
- Government Holidays.
National Holidays refers to the those holidays which are applicable all across the nation and India observes three national holidays that include:
1) Republic Day
2) Independence Day
3) Mahatma Gandhi Jayanti.
Government holidays can be further classified into State government bank holidays and Central Government bank holidays. State government bank holidays may differ amid Indian states whereas Central Government bank holidays are more commonly observed across the country. For ex- Lui-Ngai-Ni Day is a bank holiday in Manipur while Sonam Losar Day is a bank holiday in Sikkim, Similarly there are many states bank holidays based on the states.
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State specified Bank Holidays are given below:
|Date||Day||Name of Holiday||States Celebrated|
|2 January 2020||Thursday||Guru Gobind Singh Jayanti||Haryana, Rajasthan|
|12 January 2020||Sunday||Swami Vivekananda Jayanti||West Bengal|
|15 January 2020||Wednesday||Bhogi||Andhra Pradesh, Telangana|
|16 January 2020||Thursday||Thiruvallavur Day||Tamil Nadu, Puducherry|
|Kanuma Pandunga||Andhra Pradesh|
|23 January 2020||Thursday||Netaji Subhash Chandra Bose Jayanti||Assam, West Bengal, Tripura, Odisha|
|25 January 2020||Saturday||Sonam Losar||Sikkim|
|Statehood Day||Himachal Pradesh|
|30 January 2020||Thursday||Vasant Panchami||West Bengal, Tripura, Odisha, Haryana, Punjab|
|9 February 2020||Sunday||Guru Ravidas Jayanti||Punjab, Haryana, Himachal Pradesh, Chandigarh|
|19 February 2020||Wednesday||Chhatrapati Shivaji Maharaj Jayanti||Maharashtra|
|20 February 2020||Thursday||Statehood Day||Arunachal Pradesh|
|5 March 2020||Thursday||Panchayatiraj Divas||Odisha|
|6 March 2020||Friday||Chapchar Kut||Mizoram|
|8 March 2020||Sunday||Hazrat Ali’s birthday||Uttar Pradesh|
|22 March 2020||Sunday||Bihar Diwas||Bihar|
|23 March 2020||Monday||S. Bhagat Singh’s Martyrdom Day||Punjab and Haryana|
|25 March 2020||Wednesday||Ugadi||Andhra Pradesh, Telangana, Karnataka, Maharashtra|
|1 April 2020||Wednesday||Odisha Day||Odisha|
|9 April 2020||Thursday||Maundy Thursday||Kerala|
|11 April 2020||Saturday||Easter Saturday||Nagaland|
|12 April 2020||Sunday||Easter Sunday||Several states|
|13 April 2020||Monday||Bohag Bihu||Assam|
|Vaisakh||Haryana, Jharkhand, and Punjab|
|14 April 2020||Tuesday||Vishu||Kerala|
|Bohag Bihu||Arunachal Pradesh|
|Bengali New Year||West Bengal, Tripura|
|Puthandu||Tamil New Year|
|Ashoka’s birth anniversary||Bihar|
|15 April 2020||Wednesday||Himachal Day||Himachal Pradesh|
|25 April 2020||Saturday||Maharshi Parasuram Jayanti||Several states|
|1 May 2020||Friday||Maharasthra Day||Maharashtra|
|8 May 2020||Friday||Guru Rabindranath Jayanti||West Bengal, Tripura|
|16 May 2020||Saturday||State Day||Sikkim|
|20 May 2020||Wednesday||Shab-i-Qadr||Jammu and Kashmir|
|22 May 2020||Friday||Jumatul Bidah||Jammu and Kashmir|
|15 June 2020||Monday||Raja Sankranti||Odisha|
|23 June 2020||Tuesday||Ratha Yatra||Odisha|
|5 July 2020||Sunday||Guru Purnima Festival||Many States|
|16 July 2020||Thursday||Bonalu||Telangana|
|23 July 2020||Thursday||Haryali Teej||Haryana, Punjab, Chandigarh|
|31 July 2020||Friday||Shaheed Udham Singh’s Martyrdom Day||Haryana and Punjab|
|15 August 2020||Saturday||Independence Day||All over India|
|17 August 2020||Monday||Parsi New Year||Maharashtra and Gujarat|
|28 August 2020||Friday||Ramdev Jayanti||Rajasthan|
|28 August 2020||Friday||Ayyankali Jayanthi||Rajasthan|
|31 August 2020||Monday||Thiruvonam||Kerala|
|1 September 2020||Tuesday||Indra Jatra||Sikkim|
|2 September 2020||Wednesday||Sree Narayana Guru Jayanti||Kerala|
|31 October 2020||Saturday||Lakshmi Puja||West Bengal, Tripura, Odisha|
|1 November 2020||Sunday||Kannada Rajyotsava||Karnataka|
|Puducherry Liberation Day||Puducherry|
|20 November 2020||Friday||Chhath Puja||Jharkhand, Bihar|
|19 December 2020||Saturday||Liberation Day||Goa|
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RTGS and NEFT Holidays 2020
RTGS is an acronym used for Real Time Gross Settlement whereas NEFT is an acronym used for National Electronic Funds Transfer. Both RTGS and NEFT allow people to transfer cash from one bank to another as per the RBI guidelines. The Reserve Bank of India maintains both NEFT and RTGS.
|Republic Day||26 January 2020||Sunday|
|Good Friday||19 April 20||Friday|
|Independence Day||15 August 2020||Saturday|
|Mahatma Gandhi Jayanti||2 October 2020||Friday|
|Christmas||25 December 2020||Friday|
Note: The services of RTGS and NEFT can be used by a individual on other types of bank holidays. If an individual transfers money on a bank holiday, money gets credited to the receiver’s account but the sender may get the receipt on the following bank working day and not on the same day of transfer.
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How Bank holidays are decided in India?
The bank holidays are decided by the central government, the state government and the Union territories in India considering multiple factors.
India is a national with variety of culture and that is why we have other type of holidays as well along with the National holidays to keep the sentiments of all people from different nook and corner together. Some holiday are decided by the state government based on the importance of that day for that particular state people and is not applicable anywhere else in the nation. Good Friday, Christmas, Diwali are Some of the central government holidays.
Features of Bank Holidays in India
a) Public or bank holidays differ from state to state. However, Bank holidays on 2nd and 4th Saturday remain uniform.
b) In case there are 5 Saturdays in the month, then the bank would work on 5th Saturday and there will be no holiday.
c) There are some states that even have holidays for the birth or death anniversary of a particular religious leader, while others may not. So, there is no uniformity that is followed between all the states based on this.
d) If some public or bank holidays that fall on a Monday or Friday, then you get a higher number of holidays if you avail leave of them together.
e) Government holidays does not necessarily mean that the bank would always remain closed and vice versa. Gazetted holidays, bank holidays, public holidays and government holidays are ways to describe the different holidays in India and hence should not be confused.
f)Well, it is always a good idea to check the holidays in advance before you plan how to spend them. You can take a look at the list that we have given you. Make sure to bookmark the page.
Discover India During a Bank Holiday 2020
Banks holidays are the best way to know more about your country as you can go and visit new places and enjoy some time with your family and friends. You can also read various books, documentaries, which you read or see during a bank holiday in India.
There are several books written on Indian Heritage and culture by great authors. You can Google and read the review about them. Here are few recommended books which you can try during a bank holiday in India.
You can also read online about a certain place and discover more about it by seeing a video on it on YouTube. This will enhance your knowledge about your nation and you can also plan a family trip to visit that place later on and you can lead the troop as well because you have gained enough knowledge about it.
Keep yourself fit
Yes! now you can give rest to all the excuses that you have been making for so long and can finally go to gym or do yoga. Bank holidays can be great time to give yourself some me time. You can go for jogging in the evening if not in morning because now you are home. Try to eat healthy when you are at home. There are lot of organisation that conducts free yoga sessions for people, you can join them as well but make sure that you are doing something physical to keep yourself fit and healthy. Do not enjoy your bank holiday by sleeping or by just sitting on the couch. Make sure that you are doing something prodcutive for yourself that is helping you to keep yourself fit and healthy.
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FAQ: Bank Holidays 2020
Q. What are the bank holidays 2020 in India?
Ans. Given above is the list of all the bank holidays for 2020.
Q. What Saturdays are bank holidays in India?
Ans. Generally, second and fourth Saturdays of the month are holidays.
Q. How many bank holidays are there in May?
Ans. There are four bank holidays in May 2020.