Bank holidays in India, depend on the state one is residing, though there are Public Holidays in India that are applicable throughout the country. These include Republic Day (Jan 26), Independence Day (Aug 15) and Gandhi Jayanti (Oct 2). Apart from these there are important religious and festival holidays including Diwali, Dussehra, Christmas, Eidh, Guru Nanak Jayanthi, Good Friday, Ganesh Chaturthi, Budh Purnima etc.
|State List for Bank Holidays in India|
|Andaman and Nicobar||Andhra Pradesh||Arunachal Pradesh|
|Chhattisgarh||Daman and Diu||Delhi|
|Himachal Pradesh||Jammu and Kashmir||Jharkhand|
|Date & Month||Day||Holiday|
|January 26||Friday||Republic Day|
|February 14||Wednesday||Maha Shivaratri|
|March 29||Thursday||Mahavir Jayanti|
|March 30||Friday||Good Friday|
|April 1||Sunday||Annual Closing of Bank Accounts|
|April 30||Monday||Buddha Purnima|
|May 1||Tuesday||May Day|
|June 16||Saturday||Eid al-Fitr|
|August 15||Wednesday||Independence Day|
|August 22||Wednesday||Eid al-Zuha|
|September 3||Monday||Shri Krishna Janmashtami|
|October 2||Tuesday||Mahatma Gandhi Jayanti|
|October 17||Wednesday||Maha Ashtami|
|October 18||Thursday||Maha Navami|
|November 23||Friday||Guru Nanak Jayanti|
The various bank holidays in India and for that matter the public holidays are decided by the central government, the state government and the various union territories in India. The nation being a multi cultural and very diverse country also has many national and other bank holidays. Some of these are very local and they can be decided by the respective state governments. On the other hand some of them are very mandatory and it is not a prerogative of anybody as these are already the national holidays in India. Some of the central government holidays are Good Friday, Christmas, Diwali etc. There are various other central government holidays as well. If you are looking at some of the central government holidays you can know that by visiting the holiday list that we have given. In some states you would typically find more holidays then others. In some states two holidays are on the same day. For example, May 1 is also Maharashtra day and Labour day. This of course is very rare and does not happen very often.
There are various types of holidays that are declared in india. There are the restricted holidays and also the gazetted holidays. The later holidays are compulsory and have to be taken. There are many holidays in India that have to be holidays and are observed by all the states in the country. Following are the list of such holiday. On these days banks are closed for sure.
Republic Day (National Holiday)
Independence Day (National holiday)
Gandhi Jayanti (National Holiday)
Good Friday (A day when Jesus Christ died for the sins of all)
Christmas Day (December 25)
Guru Nanak's Birthday
Eid al-Adha (Bakrid)
The above have been largely considered keeping in mind the various festivals and the religious sentiments of the people. However, there are many other holidays that are restricted and not having a uniform holiday through the length and breadth of the country. There have been numerous thoughts that many holidays can lead to loss of productivity and thus reduce the output of the nation. The government has to hadle the issue with geat sensitivity, given the fact that it also involves the religious sentiments of the people of various states and religions. This is what makes ot a little complicated when declaring bank holidays in India. The government has not to hurt the sentiments of anyone.
National holidays are also called Gazetted holidays. The different states also have their own holidays for typical state holiday , like a foundation day. Bank holidays in India are also followed by states that celebrate a particular festival.
In India, bank holiday is a public holiday when banks and other financial institutions remain closed. While, not all public holidays are classified as Bank Holidays as it varies with state and region. Bank Holidays are declared under the Negotiable Instruments (NI) Act, 1881 by Central/State Governments/ Union Territory.
It is essential for everyone to know about their country. As we will be busy with our work on a normal or a working day it will be a great option to discover India on a bank holiday. There are various books, documentaries, which you read or see during a bank holiday in India.
There are many books on Indian Heritage and culture. You can try some good book to learn. Here are few recommended books which you can try during a bank holiday in India.
Indian Heritage and Culture written by JK Chopra. This will be a great book to read and understand about Indian culture and its heritage. This book was first published in 2014. You can buy this book in electronic form and print form on various shopping websites.
Indian Heritage, Art and Culture is also a great book to read during a bank holiday in India. This book was written by Madhukar Kumar Bhagat. In this book he gave the vast, rich and diverse cultural heritage of India. He explained in a sequential manner which is easy to understand. This book is also available in electronic form as well. You can find it on various shopping websites.
We often think that we should make the best of the bank holidays of 2018 in India. But, the question is how? There are many ways to do that. The best way would be to just chill and do nothing. We suggest this to be the best on a bank holidays, because it is your one opportunity to avoid the hustle and bustle of the crowd, like you do on a working day. It is also a good opportunity to just laze around doing nothing on a holiday. Or still better the best way would be to just take a book and spend your time reading it. In the end what we are suggesting is that there are many bank holidays 2018 in India. You have opportunities to spend them as you like, but what we are trying to say is just chill, when you have the time to do so. You deserve and should make the utmost of the public holidays in India. One thing that you should remember that all bank holidays in India are government holidays, but the latter may not necessarily be true. Of course, it is highly likely that the private sector may not follow the same pattern of bank holidays in India. These days most folks especially in the citys work on bank holidays, so there is virtually no use of these holidays for them. Life has become so busy that it is almost impossible sometimes to enjoy the holiday in peace.
Many investors invest in stocks every day on a daily basis. On a bank holiday in India or when the stock market is closed what will be the best thing to do to spend the weekend or a holiday productively will be the question for a lot of investors here is how you can spend your holiday productively.
The first and the best thing which will help you is to read good articles wrote by some good authors on website such as goodreturns.in you can read various articles which may help you in trading such as which stocks will be performing in the future. How the commodity market moment is, etc.
The other best you can do is analyzing a stock in various aspects such as how much dividend they are offering. Also, performance charts help a lot you can analyze how a stock performed in last one year, etc.
You can also have a look at various mutual funds. You can analyze mutual funds you can check how was the mutual funds performing and how they are performing who is the fund manger of the mutual fund etc. So it is better to spend sometime to analze all these during a bank holiday in India. As you may miss a great opportunity to make money if you don't analyze.
This depends on how many holidays you have and your taste. One of the best options is spending time with your family. Try to help your mother in the kitchen. Play with your siblings or with kids if you have. Discuss topics with the common interest with your father.
Visit a holy place or a place of historical significance. Even you can visit a place you haven't visited before By doing this develop and motivate yourself. Try to do new things such as learn to play music you can learn guitar, vilion, piano, trumpet, etc. Read also helps you in a great way try to read novels, the autobiography of famous people, self-help books, etc.
Try to keep yourself healthy. Do meditation, exercise, etc. Yo can go for jogging or join a gym, go for swimming. Swimming helps you in a great way. It is something that is enjoyed by people regardless of age. Even if you don't like to swim, you can spend hours at the side of the pool by reading books or listening to your favorite music. Doing something like this is a very productive way to spend your time during a bank holiday in India.
On a bank holiday try to spend time with children. Not only with your kids, you can spend time with your nephew, niece or some other children. Actually to get relieved from stress the best thing to do is playing or doing an activity with the kids. Plan some activity such as a sport, drawing, painting, reading books, etc.
Sport - You can plan an indoor sport such as carrom or chess. It is advisable to plan some outdoor game such as football, cricket, etc., which may be a game for kids. For you, it will be a great exercise. You can plan to play games such as badminton as it will not require a lot of people to play.
Activity: You can plan an activity such as drawing and crafts works which will increase the creativity and also will also help to find out the hidden interest and talent the kid have.
Outing - Plan an outing wth kids such as the zoo, museums, amusement parks, etc. Going to zoo or museums may help kids a lot to increase there knowledge. This is the best way you can spend your bank holidays.
There are many things you can do on a bank holiday in India, then spending it lazily. You can plan a fun activity with your family, friends or neighbors. You can go for a picnic, or you can plan for a park or a zoo.
Even you can plan to do things which you have never tried before, such as if you are interested in cooking you can try different cuisines. As we know, there are a lot of cuisines which you can try to cook. For learning those cuisines try to take help from someone who knows how to cook that cuisine, or you can take the help of internet. If you are interested in sports, try to play a different sport than playing the same game you usually play.
Also, you can try to increase your skills on a bank holiday in India. In case you are a software engineer, learn to know more about the work you are doing. Also, try to know about your client. You can try to know about different courses or tools. Exploring about those and increasing your knowledge about it may help you during your daily work a lot.
There is a raging debate whether we should have bank holidays on the second and fourth Saturday's or get banks to work like before on all Saturdays, but as half a day. There has already been an endless debate on the subject and the fact of the matter is that bankers also deserve rest and the though to close banks and similar establishments on Saturdays is a welcome move. It must be noted that on all other Saturdays they are working incuding the fifth Saturday of the month. So, if in a particular month there are 5 Saturdays these would be working on the fifth. It is a good idea to have these holidays as it will help one to plan and prepare well in advance to take care of your banking requirements. If you are looking to visit by chance on the Saturdays mentioned above, make sure that you do not do so.
The government only recently changed the guidelines regarding these. However, these holidays does not mean that government also follows the same pattern. In fact, these establishements are closed on every single Saturday of the month. Also, if one establishment has a holiday it does not mean that all of them follow suit. It changes from institution to institution. Even colleges and educational institutions tend to follow their own ways unless they are mandatory holidays. These days with individuals becoming exceedingly busy with their own work, it has bcome extremely busy to get holidays in all of the designated religious holidays. In some states some festivals are very auspicious and holy, while in others there maybe some others which are truly considered as Holy. In any case, there has been some effort to reduce the holidays, however, it may end up hurting some sentiments. So, in the end it is best left to the goverment to consider the same. At the moment, as we see there is very little scope of reducing the number of holidays. In fact, some states have gone on to only increase the number of bank holidays that are being given.
Planning well in advance for public holidays
Considering that India has a large population, especially in the cities, it is a good idea to plan well in advance for the holidays. The chances of being disappointed are very high if you plan your holidays at the last moment. This is especially true if you are planning to travel through the Indian railways. The chances are that you might not get train tickets. Bank Holidays in India in 2018 are quite a few. So, plan your trip well in advance to avoid being disappointed. When we mean plan your trip well in advance we mean that you should do your ticketing and things well in advance. Even travel and tours tend to get booked during the early part of the holidays. In a country Bank holidays in India means it is time for travel plans and the biggest problem here is that you have to get train tickets for the same. So, plan well in advance for your trip.
There is always a variation in the way bank and public holidays are determined. Just because a particular state is having a holiday, it does not mean that all states in the country would be having a public holiday. In fact, there would be a particular holiday that is typical to only one state, but it might not be so, in other states in India. This is because the culture is so diverse in India it is almost impossible to give holidays for one particular state and even for the other. In fact, there maybe some states where a particular leader was popular and hence a holiday. Similarly, for another holiday it maybe a holiday for a particular religious holiday, which has promoted the state government to declare a holiday in that state. In any case, when you get a public or a bank holiday, it is a good idea to enjoy it to the hilt.
Goodreturns.in will try and also feature the various things that you can do when you have a holiday. At the same time we will also try and feature the various places which you can visit during the holidays. Generally speaking the schools would also have a holiday during the festivals. However, sometime again depending on the nature, you may or may not get leave. Office and office goers may also not get leave, even if there is a government holiday. Sometimes, it is better to check and see the list of bank holidays in India for 2018. We provide an excellent list and database. The national holidays are no doubt bank holidays and most companies in the country have to declare the same as a holiday. The government sector of course is always closed.
a) Public or bank holidays could differ from state to state. However, what is uniform is the holidays for banks, which are on the 2nd and 4th Saturdays of the month.
b) In case there are 5 Saturdays in the month, then the bank would work on this 5th Saturday.
c) There would be some states that 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.
d) There could be some public or bank holidays that fall on a Monday or Friday, which means you get a higher number of holidays if you avail leave of them together.
e) Government holidays does not 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.
f) These days it is a good idea to check the holidays in advance before you plan how to spend them. What we suggest is that you take a look at the list that we have given. Do not forget to bookmark the page. We have a detailed list that incorporates all of them.
In India Public holidays and bank holidays assume great significance. The reason for the same are plenty. Take a look at some of the reasons:
1) Bank holidays are used as a day to complete pending work.
2) A time when you can visit friends and relatives, especially a long standing relative, whom we have not visited for a long time.
3) A day when you can take your family members and have a good leisure time.
4) It is also a festive time, when there are holidays. Some of course spend their time in cleaning their houses and generally catch up with reading a book or doing things that give them the pleasure.
There are many ways you can celebrate the many bank holidays and public holidays that we get in India. Take the case of Christmas, which each year comes on December 25th. Individuals may bake a turkey, prepare Christmas sweets well in advance, place a crib outside their house, and sing Christmas Carols by singing in the viscnity.
A great way to celebrate the festival. Diwali is another day we celeberate the festival in a great way. People burn fire crackers, while others suggest not to do so. It is also similar to Christmas in terms of making and distributing sweets. Among the other noted festivals that we have is also the Eidh Festival celeberated by the Muslims. During the festive holidays, there are a host of things that you can do. If you have the option of celeberating it would be good, or else you can spend time on a holiday. You can take the many tour packages that are on offer and go off to a far off place. Remember, public holidays are a time for fun and frolic saw do enjoy it to the very utmost. Indians are warm loving people with a very great diversity, where one individual from a particular religion tends to even celeberate festival from another religion as well. There are many other religious festivals that are thus celeberated to mark the various festivals in India. If you are not celebrating a particular festival, it is best that you spend time in some outdoor activity to stay fit.
Honestly speaking there is no difference between the state holidays, public holidays and bank holidays in India. All are one and the same. in fact, one holiday is embbeded in the other and there is absolutely difference. It is just that each individual uses each term very vaguely and you can use either of the terms. For example a religious holiday in India can also be a public holiday and a bank holiday. On the other hand all three can be a holiday at the same time. In Indian Bank Holidays are basically used as a term to specify that the bank would be closed. Does this mean that all of the private companies and corporations in the country would be closed. Not necessarily so. For example, there are certain religious festivals in India, which are also public holidays in the country and also bank holidays in the country.
However, just because a particular holiday is a bank holiday, there may not nececssarily be a closure of private companies. What we can say with some certainty that in most of the cases you would find that the government offices are closed. If the government offices are closed we can to some extent say that it is a public holiday. With the fast emergence of the private sectot and the important role that it is playing in nation building not many individuals are having holidays on all of the days. Some private companies are giving restricted holidays and not all holidays are given as offs. However, if you are working in a government enterprise you can consider yourself a little more lucky than others for the numbers of holidays. Now one thing that we need to mention is the fact that every year the bank holidays would change, especially when it concerned with the festivals.
There is no fixed day on which a festival is celebarated, which makes it a very important thing to note the change in days and months of festival holidays. Some festivals which constantly see their change are Diwali, Holi etc. However, some festivals like Christmas never change their dates, because it was on this day that Jesus Christ was born. So, before you do banking or any other activity it would be significant to know the days on which banks are closed. In fact, we have now provided a comprehensive list of bank and public holidays in India.
This is a very difficult question to answer and there are a number of reasons for the same. The first and the foremost is that there could be an increase in the public holidays, depending on the state that you are in. For example, there are many states that add fresh holidays due to a personality that the government feels should be honoured or a festival that needs to be honoured keeping in mind sentiments of the people. At the moment as we know there are two Saturday's that banks have holidays and that is the second and the fourth saturdays. The others are earmarked as working Saturdays for the banks. If there are five Saturday's in a month then all five of these would be working. One thing we wish to state is that there are plenty of public holidays in India and one need not worry on that account. There are also many holidays that would be typical for a particular state.
For example, Uttar Pradesh, might have a public holiday that might be typical to that state and not be celebrated else where. So, it all depends on where you stay as well. The more government holidays there are the merrier it would be. If you want to spend you bank holidays in India, there are many things you could do, buy above all, you might just like a relaxed time. How, why and where is something that you would have to decide yourself. In fact, sometimes we might have even five saturdays in India which makes it difficult to guess the holidays in India.
Religious holidays in India are bank holidays, at least the large ones. So, the various religious holidays like Christmas and Good Friday for the Christians, Eidh for the Muslims and Diwali for the Hindus are celebrated. There have been calls in the past to reduce the number of religious holidays in India, however, that is unlikely to happen. It is important to respect the sentiments of one and all, which is why these were granted as holidays in the past. Also, these bank holidays enable you spend some time in fellowshipping with your near and dear ones. In fact, Indians are known to fervently celebrate their religious holidays with zeal, gutso and deterrmination.
In fact, there has been no increase as such in the number of religious holidays, which are public holidays in the country. Here it is also important to state that while one state in India may have designated one religious festival as a holiday another might designate another one. However, some of the big major religious festivals find holidays in all the state of the country. So go ahead and have a good time with your family whether it is a religious holiday, a public holiday or a government holiday, enjoy it to the hilt. Keep in mind the important public holidays and act accordingly and plan in advance.
Everyone likes to go on a tour. Not only in India there are few countries around India which you can visit on a bank holiday. These places are worth watching and are in a reasonable price range. Here is the list of the places.
Bhutan - You don't need to board a flight to go to Bhutan. You can travel by Road from Kolkata and Siliguri. It is known as the Buddhist Kindom on the eastern Himalayas. Steamy clouds surround the hills, and this is one of the places where you can spend your bank holiday peacefully, and also you go easy on your pocket. A lot of people think that the panoramic views of hills and valleys are the only thing to see, but there are a lot more to see such as Jakarta, Punakha, Trongsa and Tiger’s Nest monastery, etc.
Nepal - This country is Famously known as the Land of the Thunder Dragon. This one on the places around where you can visit and cost you the least amount. Here you can have your best experience with the Himalayan peaks and clouds hovering over and also the lush green mountains around. Nepal is in between the four highest peaks in the world Mt. Everest, Mt. Lhotse, Mt. Makalu and Mt. Cho Oyu these are the best glories of the country.
Essentially the bank holidays in India can be divided into two categories. The first and the foremost is the religious holidays and the next is the national holidays in india. Both of these categories account for the total holidays in the state. While there are few national holidays, there are a lot of festival and religious holidays in the country. Now among these we have holidays that are restricted to particular states, while others may not have the same set of holidays. It is therefore very important to check the list of bank holidays in India before making any plans.
The more the number of holidays the better it is for people, though it tends to impact and affect business. However, these days there are many other holidays that could arise on an unxpected basis. These would include the sudden hartals and bundhs that could result in a holiday. By and large holidays are good thing for those looking to spend time with family and friends. If you have plans just take a look at our list of bank holidays at goodreturns.in. It will help you make good plans.
There are plenty of things to do and ways to spend your bank holidays in India. Among these include taking a trip to different parts of India. In fact, you do not have to look for places beyond India to spend your holidays. There are so many things to do especially here itself, that you are spoilt for choice. Remember, that the things that you can do here, you cannot do anywhere across the world. Such is the diversity of this great country that you would be spoilty for choice to spend your public holidays here.
You can go to some of the beaches in the country that span some states like Goa, Mumbai etc. You can visit some of the most beautiful hill stations in the country, including those in the Southern parts, including places like Kodaikanal, Ooty etc. You can also visit some of the many hill stations and valleys in the north, including the likes of Nainital, Kullu, Manali etc. You can go slightly offtrack for a safari as well. India offers so much to do during the public and bank holidays, that you would really not have the time to complete your trip. This is because the bank holidays in India are never clubbed together. So, it is better to plan your holidays well in advance so that you can ake the best of it.
There are a whole lot of Indian Holidays 2018. The popular ones of course are the ones where the entire country gets a bank holiday. We have given you a complete list of bank holidays for your perusal and consideration. In some states the list of holidays is much larger then some others. You need to take a look at the holidays in India list before you plan an outing with your family. Also, you have the opportunity to club these with some of the weekends to ensure that you have good and long holiday and do not lose our on the accumulated holidays. Bank holidays in India are one of the highest in the world. This often results in the question: Does this mean we lose productivity in India, due to so many bank holidays in India. The answer is "yes". When the list of public holidays in the country rises, you probably end-up losing some amount of GDP. There are arguments in favour and against bank holidays, but, that would probably never end. Those in favour of bank holidays always would say it is good, while those against would always crib. There is no one solution to the problem. The answer is quite complex as you see it.
There are many bank holidays in India, but there are national holidays in India, which see almost a complete shutdown of everything including the corporates and businesses. Some festivals may or may not be a bank holiday in India. It all depends on the state you are residing in. In some states the larger festivals are bank holidays in India, while other may not. So, in short whether a state has a bank holiday or not, largely depends on the type of festival. As mentioned earlier the national holidays are bank holidays for sure. So, there are no defined bank holidays for some public or festival holidays. In India bank holidays largely depend on the state you are in.
So, some holidays will be more than the others, while others would be pretty less. In fact, there is no uniformity in bank holidays and it is only the national holidays that are sure holidays across the length and breadth of India. In short, we could say is that probably there is nothing call top holidays in India. All the bank holidays are important in this country. The affect religious sentiments and hence they are important. Some of course are a must to honour the country and some of our leaders.
It is very important to plan your bank holiday well in advanace for a number of reasons. The first is that you do not have to face the rush and be disappointed. What we mean by that is if you have planned a trip during a bank holiday in India, and if the hotels are completely booked during the government holiday, you would be a disappointed person. It is therefore very important that you plan your holidays well in advance. Apart from this the other important thing to remember is the fact that you need to get in touch with friends and acquaintences well in advance to plan to spend the bank holidays in a very efficient manner.
So, keep these things in mind, before planning your holiday. These days there are a number of websites that will offer you assistance in planning your trip. You can do all your bookings online during the holidays. Plan in advance especially ahead of the children exams, so you are in time to plan your holidays during the vacation period.
There are many things to do on public holidays in India. Individuals go out and watch a movie. There is also a great wholesome time that is spent with family members. Depending on the state that you are in, you can visit some of the places of interest on a bank holiday in India. For example, spending time in public places like parks, is a common thing during the government holidays in India. The country is very unique and offers a whole lot of things to do during the holidays. Some individuals prefer spending time with the family and friends on these days. It really depends on your own priorities and ways of thinking as to what you want to do on a bank holiday in India. Take a look at the list of public holidays before you plan or do anything in the country.
There is also a scope to club together some of the public holidays in India in 2018. What we mean by this is that if you have a government holiday falling on a Friday, you can go for a long weekend trip for Friday, Saturday and Sunday holiday. You can take family and friends and club together the private and the pulic holidays that you see. For that you need to do adequate planning and check the calendar well in advance.
This year in 2018, there are many such holidays that can be clubbed together, so watch out for these holidays. The best way to enjoy the public holidays is to join them together with other holidays in India. Whether you club your holidays or not, just go ahead and take leaves, it would help you spend a good time with family and friends. we have highlighted a list of holidays that also come on a onday and a Friday as well so you ca take note of the same. Every year, there is a high possibility that these would be on at least some or the other days in the country.
When you are on a bank holiday in India, there are a number of things that you could do. The first and the foremost is that you should do the following:
1) Visit a religious place. Spend some time in the holidays visiting a religious place to have good holidays. This will ensure that you are in tune with God. Why only that you can visit an old age home or engage in many social and charitable deeds.
2) On the public holidays in India, you can visit that relative that you have not visited in a long time.
3) You can visit a place of public interest. There are many places that you can visit. Among these are the long lasting place where you felt that you needed to visit. Also, it is a good time to spend with family and friends or simply sit reading a novel at home. In short there are plenty of things to do and you just need to take a call on what needs to be done.
4) Lastly what we recommend that you do not do is to waste your time in front of the mobile phone or the television. You need to give your eyes a good rest at least during the bank and the public holidays in India. As we mentioned it is a good idea to spend your time in some leisure things.
In case you have the time, the best thing would be to read a novel and spend time reading a novel. In fact, it is time when you stay away from the television and the internet and spend some time reading, which could do you a world of good. In fact, since you are away from work it is a good idea to stay away from your machine and also spend time exercising. Those who wish to spend some time during the public holiday could also spend time pampering themself with a good head massage, to just calm down the head.
This is especially because in this day and time, we are so busy with our own things that we fail to pamper ourselves during the holiday. We had initially also suggested reading a novel because we simply wanted individuals to get some relief for their eyes on the government holiday, because all through the other days, folks are busy glued to their laptops, which is not the best thing to do even on a holiday. All in all, there are plenty of things that you could do and follow on a bank holiday in India. The one thing that you must keep in mind is that holidays in India are meant to chill and you should truly enjoy the same to the hilt. The best and the most ideal way would also be to spend some more time with your loved ones like the family and children. One can look at a short vacation as well and we will highlight the ways you can spend the government holidays in India and the places you can visit for the purpose.
There are nearly 92 bank holidays in India every year. So for investors in the stock market, a question pop up is that a holiday for the stock market as well. Actually, there are set of holidays for the stock market as well which may or may not be bank holidays in India.
There are 13 market holidays in which there are three basic gazetted holidays. Republic Day, Independence Day and Gandhi Jayanthi. These three holidays are not the only holiday for NSE and BSE. But it is a government holiday in India. On this day no bank, Educational institutions or government offices in India will work.
Of the ten remaining market holidays, eight of them are festival holidays those are for Mahashivratri, Holi, Ram Navami, Good Friday, Id-Ul-Fitr, Ganesh Chaturthi, Diwali, Christmas. These all holidays are not bank holidays in India. As few holidays are bank working days. The reason behind this is few festival holidays are not public holidays in few states, such as Ganesh Chaturthi is not a bank holiday in Punjab.
Two remaining market holidays are Dr. Baba Saheb Ambedkar Jayanti and Maharashtra Day. In these two holidays Dr. Baba Saheb Ambedkar Jayanti is a national holiday in India whereas on Maharashtra Day excluding Maharashtra, Banks will be working in all the states and cities in India.
The Big question which strikes us during a bank holiday in India is how to do a money transaction. In this modern era most of the things one can do without visiting Bank. We have a lot of options such as Mobile Banking, Internet Banking and much more. Of all these, the easiest method is using an ATM. Do you know one can do more than 16 things in an ATM.
Check out top five things here:
1. First and the most important aspect is the withdrawal of money. Yes, there is a limit for withdrawal but in few situations that helps a lot.
2. Using an ATM one can do donations to charities and temples such as Tirupati, Palani, Ramakrishna Mission, Kashi Vishwanath, etc. This facility is provided by SBI, ICICI, HDFC and few top banks.
3. Balance Enquiry - One Can check their bank balance by using ATM. This service is provided by every single bank. So one can check their Bank Balance of their respective accounts on a bank holiday in India
4. Mini Statement - Mini statement means a statement in which you can check the last ten transactions you did. Even this facility is provided by all the banks.
5. Mobile Recharge - This facility is started very recently before this facility was not there. One can recharge their mobile by using ATM. This facility is not provided by all the banks. Most of the top banks such as SBI, ICICI, HDFC have this facility. So one can use this facility if required.
In order to be well prepared it is better to check the bank holidays in India, so that you do not face shortage of cash on the public holidays. We have provided a list of bank holidays in india and one can check the same.
No NEFT and RTGS will not work on April 1 as this day is a bank holiday in India. April 1st is the Annual closing of bank accounts. This day is not a public or government holiday. This day is a holiday only for banks. But one no need to worry about doing any necessary, urgent transaction to do because there are banking services which work on a bank holiday in India. As mentioned above you can use an ATM and avail the services. Excluding that there are many more services which you can use to do the transaction on a bank holiday in India.
The services that you can use are mobile banking, Internet banking and can use Aadhar pay and etc. Using the above services one can do paymets such as utility bills, transfer money, recharges and many more.
If we check specfically for money there are services such as IMPS, UPI and many other services which you can avail 24/7 365 days. Imps is a service which one can use anytime. In the mobile banking applications or interne banking one can find this service. For using this all you need to know the payee's account number and IFSC code of the payee's bank branch. In IMPS method one can transfer only upto fifty thousand.
UPI money transfer method is almost sameas IMPS. In this method in place of account number and IFSC code one can use VPA which means Virtual Payment Address. By using the VPA one can transfer money on a bank holiday in India.
Mobile wallets are a great option durng a bank holiday in India Using Wallets now we can pay anywhere in India. If we see in metro cities from pani puri vendor to shopping malls everywhere they are accepting payments through wallets.
Not only payments there are a number of services mobile wallets are offering which make things very easy for such as prepaid mobile recharge, postpaid bill payments, electricity bills, DTH Recharge, Fees, metro card recharge, Broadband bill payment, Landline bills and many more. There are many services on mobile wallets which you can avail and use during a bank holiday in India.
Some good payment options we will be getting through mobile wallets are we can pay municipal bills such as property tax, water bill, electricity bill. We cannot pay these if it is a gazzeted holiday in India. As the government offices will be closed on this day. But we can use mobile Wallets to pay these bills.
Here are few top mobile wallets which has a number of services which will help you during a bank holiday in India.
Paytm - paytm is the one of the oldest and most used mobile wallet in India. It provides so many services such as recharges, government and private bill payments, booking tickets and many more. Recently paytm launched it new service where you can buy gold as well.
MobiKwik - This wallet is have a great set of services. Mobikwik Started in 2009 using mobikwik we can do mobile recharge, bill payments and online purchases on popular e-commerce websites such as Snapdeal, MakeMyTrip, redBus, BookMyShow and many more.
It is a bank holiday in India or not it is better to get used to mobile wallets and help India to grow as a digital economy.
There are many options to do during a bank holiday in India. Of all the options feeding your brain will be a great option than spending your time in front of Televisions or using mobile phones. Feeding your brain means gaining knowledge reading good books will be a great option. Than reading books on mobile, tablets, or Kindle better go to a library.
The libraries will be open on a bank holiday in India. So you visit a library and spend time with books and share knowledge with fellow readers. This helps you in a way, as you can meet people who have the same interest as you have. This way you suggest and share knowledge with each other. It is advisable to read inspirational books such as 'India of my dreams.' Richard Attenborough is the author of this book. In this book, he wrote letters, speeches, and writings of the our national leader Mahatma Gandhi. Not only this you read inspirational books depending upon your interests.
If you are interested in business stories you can go for books such as 'Rich Dad Poor Dad' written by Robert Kiyosaki and Sharon Lechter or 'Getting Things Done'written by David Allen, etc. By reading such books will give a new energy and you can start your new day with a new you.
There are many ways by using which you can do the payments or withdraw money. What if you have cash and want to deposit money in you bank account during a bank holiday. Here is the method using which you can deposit your money into your bank account during a bank holiday.
CDM (Cash Deposit Machine) - Using CDM one can deposit cash into their account anytime. CDM's are self-service terminals we can do payment transactions by cash also using CDM's. One the deposit or transaction is successful cash gets immediately credited and you will be issuedMan advice slip confirming the transaction.
In CDM there is an option called Cardless Deposit. By using this service you can deposit cash without using a deposit card or ATM. Normally to deposit cash people use either of these cards. In which one can recieve a green card which is deposit card from the bank by using this can deposit money directly without filling any form.
The other way is, On the CDM machine screen you can see there will be an option called cardless transaction. Just by clicking on it and entring few details such as account number and phone number one can deposit the cash. There are certain limits and charges for CDM transaction. Better check those charges before doing a transaction.
Unified Payment service is a service used for sending and receiving money. The best part of this service is the charges for the usage of this service is the cheapest of all other services. For availing this service, almost all the top banks have a particular app for this service.
Here is the list of UPI app of the top Banks in India
For Axis Bank, the UPI-based app is axis pay
For ICICI Bank the UPI-based app is EazyPay
For Kotak Mahindra Bank it is Kay pay
For HSBC the app for UPI transactions is HSBC Simply pay
For State Bank of India, it is SBI Pay
For Yes Bank the UPI-based app YES PAY
For Canara Bank, the UPI-based app is Canara Bank UPI- eMpower
and for Vijaya Bank UPI-Based app is Vijaya UPI
You can use this app by downloading from your respective mobile stores and do transactions during a bank holiday in India.
You can use BHIM app to avail these services and also few private parties are providing these services such as PhonePe. If you have bank accounts with multiple banks, you can install any of the apps and can operate various banks UPI services in one account. Not Only on a bank holiday in India. UPI can be used anytime either it is a bank holiday or not.
There are occasions where bank holidays come in a row. At that time you can plan to visit these places in India.
Of all the places the top most place to visit in India is Taj Mahal. Ivory-White marble mausoleum on the south bank of the Yamuna. Taj Mahal is one of the seven wonders. The Mughal emperor built this, Shah Jahan to house the tomb of his wife, Mumtaz. This tomb is 14 acres which include a mosque and a guest house. Taj Mahal is one of the universally admired masterpieces of the world's heritage. It is highly advisable to visit this during bank holiday in India.
Qutb Minar is also a great option to visit during a bank holiday in India. This Tower is made of red sandstone and marble. This construction is a 73-metre tall with five stories, with a 14.3-meter base diameter, and the top diameter of 2.7 meters at the peak. Around Qutb Minar, there are several historically significant monuments which you can visit including Quwwat-ul-Islam Mosque, Iron Pillar of Delhi and much more. This monument was built by Qutbuddin Aibak, The first ruler of the Delhi Sultanate. This place also comes under UNESCO World Heritage Sites like Taj Mahal.
If you want to see a magnificent and glorious construction during a bank holiday in India Red Fort will be the best option. Red Fort is situated in Delhi and is famous with the name Lal Qila. During the rule of The Mughal emperor, Shah Jhan constructed the Red Fort. This great fort was built in the year 1638, and it is thirty-three meters high. This fort was built to prevent the entry of Invaders.
A lot of people from India and Pakistan visit this place during Independence Day. For celebrating freedom there will be a lot of programs happening during Independence Day. Evening there will be a sound and light show that allows tourist to re-live India’s history associated with the fort.
Jaisalmer Fort is one of the heritage tourist places in India. Planning a bank holiday to visit this place will be an excellent option. In this fort, you can discover the artwork by the artist in the twelveth century. This fort is 250 feet tall and surrounded by fortified walls of 30 feet. Raja Jaiswal built this fort on the top of the Trikuta Hills. Foundation of this fort is a wonder as it is set in the middle of the sandy terrain of the Great Thar Desert.