Bank Holidays List 2016 in India
Bank holidays in India depend on various festivals celebrated in India and many other important activities, which sometimes vary accordingly in different states. During the holidays, there are no bank transactions and the banks are closed for public. There are 17 national bank holidays in 2016 in India. These are observed by both government undertaking scheduled banks like SBI, Canara Bank, PNB, Corporation bank, Bank of Baroda, Allahabad Bank, Bank of India etc and scheduled private sector banks like ICICI bank, HDFC bank, Axis bank, IDBI bank, Kotak Mahindra bank to name a few. Some banks observe additional holidays in states and countrywide in addition to this as per state holidays. One or two holidays also vary from bank to Bank.
As per RBI guidelines, from September 1, 2015, all scheduled and non-scheduled banks: public, private, foreign, cooperative, regional rural and local area banks will observe public holiday on second and fourth saturday of the month. There will be full working day on Saturday’s other than second and fourth Saturdays.
List of main bank holidays in 2016 other than state holidays
|Sr. No.||Month in 2016||Date in 2016||Day||Holiday Decscription|
|5||July||6||Wednesday||Id-Ul-Fitr (Ramzan eid)|
|8||October||2||Sunday||Mahatma Gandhi Jayanti|
|11||October||30||Sunday||Diwali: Laxmi Puja|
|12||November||14||Monday||Guru Nanak Jayanti|
In addition to the above banks will remain closed for public dealings on annual closing on 1st April 2016