Bank holidays are generally public holidays. These are the days when Banks & other Financial Institutions don't operate. In India bank holidays are declared under the Negotiable Instruments Act. These are also called 'Gazetted Holidays under NI Act'
India is a multicultural and multireligious society and celebrates holidays and festivals of various religions. There are three national holidays in India: Independence Day, Republic Day and Gandhi Jayanti. In addition, many states and regions have local festivals depending on religious and linguistic demographics.
This is the most comprehensive listing of bank holidays. India is a federal union of states. This exclusive section provides bank holidays for all the twenty-eight states and seven union territories. Please note that in addition to Sunday, Indian Banks & FIs are not operational on the second and fourth Saturdays.
Bank Holidays In India For The Month Of May 2016
|33||Buddha Pournima/Saga Dawa||21/05/2016||Saturday||Maharashtra, Madhya Pradesh, Uttarakhand, Sikkim, Uttar Pradesh, Delhi, Jharkhand, Himachal Pradesh, Chhattisgarh.|
* May change due to sighting of moon.