Bank Holidays in India 2023 List of State Wise Bank Holidays

Saturday Bank Holidays in India,Both Private and PSU banks do not remain open on the 2nd and 4th Saturdays of every month. The fifth Saturday is a working day for banks if a particular month has five Saturdays.  It gives out loans to support the dreams and desires of the applicants and has now ventured on the path of digitalisation. 

Click Here to Go Complete list of bank holidays 2021 : https://economictimes.indiatimes.com/wealth/bankholidays

Bank Holidays 2021 in India

Here is the list of all the major bank holidays in India in 2021. For a more detailed regional-specific bank holiday list, please go the specific state holiday pages given here.

Note: We recommend checking the bank holiday list in India in 2021 regularly for any new updates and also to verify it with the holiday list issued by the Reserve Bank of India

Knowing bank holidays in advance can help you in planning your bank visits and other bank-related work.

RTGS and NEFT Holidays 2021

RTGS stands for Real Time Gross Settlement whereas NEFT stands for National Electronic Funds Transfer. Both RTGS and NEFT allow people to transfer cash from one bank to another. The Reserve Bank of India maintains both NEFT and RTGS.

Note: The services of RTGS and NEFT can be used 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.

Benefits of Bank Holidays

Bank holidays on Saturdays incur major advantages for the bank employees as well as common folks. Below are some mentioned:

• Employees employed in financial and PSU sectors can plan a vacation from regular arithmetic calculations and go out with their family or friends.
• As Government has issued new rules and plans to develop the banking sector, bank employees are undergoing major work pressure. Hence, such long-weekend holidays allow them to reca=harge their batteries and rejuvenate themselves.
• Dealing with public matters on a regular basis can be exhausting for the employees of these sectors. A break from the regular monotony helps to break the barriers and start afresh.
• Common folks should stay updated on the days when the banks will remain closed, as they can plan their visits accordingly.
• Commoners can also prepare the necessary documents and make transactions on the working days without any fail in case they are aware of Bank Holidays Saturday 2020.

Sree Vaishnav

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