Day and Date Events and Regions
Saturyday, 1 April 2023 Yearly closing - Bank remain closed in all states, only except Mizoram, Chandigargh, Himanchal Pradesh, Meghalaya.
Sunday, 2 April 2023 Weekly Holiday bank will closed in all states.
Tuesday, 4 April 2023 Mahavir Jayanti Bank will closed in some states Madhya Pradesh, Karnataka, Mizoram, Maharashtra, Gujarat.
Wednesday, 5 April 2023 Babu Jagjivan Ram Birthday Bank will closed in Hyderabad.
Friday, 7 April 2023 Good Friday
Saturday, 8 April 2023 Second Saturday weekly holiday for Banks.
Sunday, 9 April 2023 Weekly Holiday bank will closed in all states.
Friday, 14 April 2023 Dr. Babasaheb Ambedkar Jayanti, Bohag Bihu, Cheiraoba, Vaisakhi, Baisakhi, Tamil New Year Day, Maha Bisubha Sankranti, Biju Festival, Buisu Festival.
Saturday, 15 April 2023 Vishu/Bohag Bihu, Himanchal Day, Bengali New Year Nababarsha Bank will closed in Himanchal Pradesh, Tripura, Assam, Kerala and Bengal.
Sunday, 16 April 2023 Weekly Holiday bank will closed in all states.
Tuesday, 18 April 2023 Shab-I-Qadr Bank will closed in Jammu Srinagar.
Saturday, 22 April 2023 Ramadan Eid Eid-Ul-Fitr Bank will be closed on fourth Saturday.
Sunday, 23 April 2023 Weekly Holiday bank will closed in all states.
Sunday, 30 April 2023 Weekly Holiday bank will closed in all states.
Bank holidays 2023: Impact of Bank Holidays, Bank holidays history
India, known as the land of festivals, celebrates various national and religious holidays throughout the year. One such important holiday is the Bank holiday, which is observed across the country. In this essay, we will discuss the significance, history, and different types of bank holidays in India.
Significance:
Bank holidays play a crucial role in the economic and social life of the country. It is a day when banks and financial institutions remain closed, and the employees get a day off from work. It is also a day when the government offices and schools remain closed. Bank holidays allow people to take a break from their busy schedules and spend time with their families and friends.
Bank holidays History:
The concept of bank holidays dates back to the early 19th century in the United Kingdom, where banks would remain closed on specific days. Later, other countries, including India, adopted the idea of bank holidays. In India, the Reserve Bank of India (RBI) is responsible for announcing the bank holidays across the country.
Types of Bank Holidays in India:
There are three types of bank holidays in India:
National Holidays:
National holidays are declared by the government of India to commemorate the significant events in the country's history. These holidays are celebrated across the country, and all the banks and government offices remain closed. Some of the popular national holidays in India are Independence Day, Republic Day, and Gandhi Jayanti.
State Holidays:
State holidays are declared by the state governments to commemorate the significant events or festivals celebrated in the state. These holidays are observed only in the particular state, and the banks and government offices remain closed. Some of the popular state holidays in India are Onam in Kerala, Bihu in Assam, and Durga Puja in West Bengal.
Restricted Holidays:
Restricted holidays are optional holidays that allow employees to take a day off from work to celebrate their religious or cultural festivals. These holidays are not mandatory, and it is up to the employees to decide if they want to take a day off. However, if an employee chooses to work on a restricted holiday, they are entitled to a compensatory day off later.
Impact of Bank Holidays:
Bank holidays have a significant impact on the economy of the country. The closure of banks and financial institutions affects the daily transactions, and the businesses face a cash crunch. The stock market also remains closed on bank holidays, leading to a dip in the trading volume. However, bank holidays provide an opportunity for the businesses to take a break and plan for the future.
Conclusion:
Bank holidays are an essential part of the Indian calendar, providing an opportunity for people to take a break from their busy schedules and spend time with their loved ones. It is a day when the banks, government offices, and schools remain closed, allowing people to relax and rejuvenate. Bank holidays also have a significant impact on the economy of the country, and the businesses plan accordingly to manage the impact of the closure.
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