NEFT / RTGS Holidays in 2016

The following are the RTGS and NEFT holidays in 2016 when the National Electronics Fund Transfer facility for online bank transfers  will remain closed other than Sundays. NEFT holidays are notified by RBI and are adhered to by all commercials banks including public sector banks like State bank of India (SBI), Punjab national Bank (PNB), Canara bank, Bank of India, Indian Bank etc. and private sector banks like ICICI Bank, HDFC Bank,  Axis Bank, IDBI Bank, Citibank etc. and cooperative banks.

RBI’s Annual Closing of Accounts is on 1st July 2016 . Real Time Gross Settlement facility available from 12:00 noon onward on July 1, 2016. There will be no NEFT / RTGS transactions on 2nd and 4th Saturday of a month from 1st September 2015 onwards. Sunday is off. Other days timings are from 9:00 AM to 7:00 PM

S. NoMonth in 2016DateDayPublic / Bank Holiday name
1January26TuesdayRepublic Day
2March25FridayGood Friday
3April1FridayAnnual Closing of Banks *
4August15MondayIndependence Day
5October11TuesdayVijaya Dashami / Dussehra
6October12WednesdayMoharram

Please note that there may be a bank holiday in certain banks on certain dates other than mentioned above  at state or national level but NEFT will operate as per schedule and observe the above mentioned holidays only.

More information: NEFT timings in 2016

 

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