bank holiday in december: Reserve Bank of India India In its annual list, the list of holidays for the year 2021 has been released. According to this, all public and private sector banks across India will remain closed for 12 days in December, including weekend holidays. The RBI list mentions seven holidays, including Christmas, during the month of December. However, Christmas It also falls on the fourth Saturday of the month, which is a notified holiday for all banks. therefore, overlapping Bank holiday Accounts closed for 12 days for banks this month. The RBI holidays list can be divided into three different categories, which are state wise holidays, religious holidays and festivals.
On this note, you should also note that it is not much of a concern as these holidays are state wise. For this, only a few branches of banks in the respective states will remain closed during the days mentioned above. They are usually not uniform in nature, except for a few days. For example, Goa will observe a bank holiday on December 3 to mark the feast day of St. Francis Xavier in the state, but services will remain available in other parts of the country. Hence, bank customers are generally advised to visit the nearest branch to know about the complete list of bank holidays.
RBI has classified the December holidays as ‘holiday under the Negotiable Instruments Act’. Other classifications for RBI listing are ‘Holiday under Negotiable Instruments Act’ and ‘Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. Having said that, the other two classifications do not apply as per the mandate of leaves in this month.
Even if it was not on Christmas weekend, banks would have remained closed in every part of the country. These include- Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Thiruvananthapuram.
Most of the bank holidays allotted this month as holidays under the Negotiable Instruments Act are for Shillong, the capital of Meghalaya. In December, Shillong has four bank holidays apart from the weekend holidays.
Under the same act, the first holiday of the month falls on December 3, but according to the RBI list, this relaxation will be applicable only for banks in Panaji. Hence, it will serve you well as a bank-goer to keep these dates in mind as the month progresses. Make sure to plan your next visit to the bank carefully to ensure a smooth process for your banking needs.
On this note, let us have a look at the list of holidays when banks will be closed in the month of December so that you can make a schedule accordingly.
Here is the complete list of holidays for the month of December 2021 as per RBI order: (Counting from 1st December)
Holiday wise list of leaves under the Negotiable Instruments Act
December 3: Feast of St. Francis Xavier – Goa
18 December: Yu Soso Tham’s death anniversary – Shillong
December 24: Christmas Festival (Christmas Eve) — Aizawl, Shillong
December 25: Christmas — Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar, Thiruvananthapuram
27 December: Christmas Celebration – Aizawl
30 December: Yu Qiang Nangbah – Shillong
31st December: New Year’s Eve – Aizawl
Apart from individual state wise holidays. Banks will be closed on some weekends. In this regard it should be noted that weekend leaves are similar in nature across India. These are mentioned below:
December 5: Sunday
December 11: second saturday of the month
12 December: Sunday
19 December: Sunday
December 25: Fourth Saturday of the Month and Christmas
26 December: Sunday
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