The World Opinion

Tag: Bank Holidays 2024

  • Stock Markets Closed On Account Of Muharram, Bank Holiday In THESE States | Personal Finance News

    New Delhi: Indian stock markets are closed today in observance of the Muharram holiday, with trading set to resume on Thursday. Banks in several cities will also be closed on account of Muharram today. Though branches in these cities will be closed, online bank activities will continue to work.

    Sensex and Nifty closed at fresh record highs yesterday. The BSE Sensex settled at 80,716.55 points while the Nifty finished at 24,613.00 points.

    Muharram bank holiday on 17 July 2024:  Banks will be closed in the following states on account of Muharram today:

    Andhra Pradesh
    Bengal
    Chhattisgarh
    Himachal Pradesh
    Hyderabad
    Hyderabad
    Jammu
    Jharkhand
    Karnataka
    Madhya Pradesh
    Maharashtra
    Meghalaya
    Mizoram
    New Delhi
    Patna
    Rajasthan
    Tamil Nadu
    Telangana
    Tripura
    Uttar Pradesh

    Reserve Bank of India places its Holidays under three brackets –Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.

    Holidays of the mentioned days will be observed in various regions according to the state declared holidays, however for the gazetted holidays, banks will be closed all over the country.

  • Bank Holiday On Eid-Ul-Fitr 2024: Financial Institutions Open Tomorrow? Check Here | Personal Finance News

    New Delhi: According to the Reserve Bank of India (RBI) holiday list, banks in certain states will remain closed on Thursday in observance of Ramzan-Id (Eid-Ul-Fitr). This follows a series of consecutive holidays from April 9 to April 14 for various festivals including Gudi Padwa, Ugadi, Telugu New Year, Bohag Bihu, and Eid.

    Holiday Schedule

    April 13, falling on the second Saturday of the month, typically sees banks closed, and April 14 is a Sunday. In some states, April 15th is a bank holiday for Bohag Bihu, and April 16th is a bank holiday for Ram Navami. (Also Read: Stock Market Holiday On Eid-Ul-Fitr 2024: Check Whether NSE, BSE, Open Or Not)

    Customers are advised to verify holiday schedules with their nearby bank branches to avoid any confusion or inconvenience. (Also Read: ‘This Salary Equal To IT Companies’: Users On Viral Job Posting At Momo Shop)

    Eid Al-Fitr

    Eid al-Fitr begins when the crescent moon is seen, starting the month of Shawwal in the Islamic calendar. Since lunar months are usually 29 to 30 days long, Muslims wait until the evening before Eid to confirm its date.

    Celebrations Across States

    While Eid celebrations are scheduled for April 11 in Delhi, Hyderabad, and Lucknow, in Kerala, Ladakh, and Jammu and Kashmir, Eid was celebrated on April 10 as the crescent was sighted a day earlier in these states.

    Bank Holidays In States

    On April 11, banks are closed in most states except Chandigarh, Sikkim, Kerala, and Himachal Pradesh. Further closures are scheduled on April 13 for Bohag Bihu, Cheiraoba, Baisakhi, and Biju Festival in Tripura, Assam, Manipur, Jammu, and Srinagar.

    On April 15, banks in Assam and Himachal Pradesh will remain closed for Bohag Bihu and Himachal Day, respectively. Additionally, on April 16, banks in multiple states will observe closure for Shree Ram Navami.

    RBI’s Classification Of Bank Holidays

    The RBI has sorted bank holidays into three types: Negotiable Instruments Act Holidays, Real-Time Gross Settlement (RTGS) Holidays, and Bank Account Closing Holidays.