Indian Bank Holidays 2010 - Andhra Pradesh

Indian Bank Holidays  2010 - Andhra Pradesh

Banking Holidays in India are to be declared under Negotiable Instrument Act, 1881.

Sec 25 of that Act speaks of that: 

QUOTE

25. When day of maturity is a holdiay.When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day. 17 Explanation.-The expression " public holiday " includes Sundays: 1** * and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday
UNQUOTE

This is precisely the reason why the declaration has to be made either by the Central or State Governments.

Normally, the respective State Governments declare Banking Holidays under Sec 25 of Negotiable Instrument Act, 1881.

This power is delegated to the State Governments by the Central Government.

I reproduce here below, Bank Holidays for the Year 2010 - Andhra Pradesh

As declared by the State Government of Andhra Pradesh

QUOTE

HR & Industrial Relations

No.CIR/HR&IR/H6/2009-10/1902

November 6, 2009

All Members of the Association

      (Designated Officers)

Dear Sirs,

Public Holidays for the Year 2010

in the State of Andhra Pradesh

We enclose a copy of the Government Notification containing the list of public holidays declared under the Negotiable Instruments Act, 1881 in the State of Andhra Pradesh for the Year 2010.

We have to clarify that ‘public holiday’ declared by Central/State Governments/ Union Territory, includes ‘Sundays’ as indicated under the explanation to Section 25 of the Negotiable Instruments Act.

Branches of banks working on Sundays observe their weekly-off on any other day of the week as decided by the Bank and notified to members of staff and public.  Therefore, all Sundays will be working days for Sunday working branches, except those Sundays declared as holidays by the Central/ State Government/ Union Territory for a specified festival/occasion in a particular year, under the Negotiable Instruments Act.

Yours faithfully,

(M Venugopalan)

Officer-on-Special Duty

Encl.

c.c.to:  Associate Members

                                                                                                       

wf

//  COPY  //

List of Public Holidays for the Year 2010

State – Andhra Pradesh
Sr.No	Occasion	Date
1.	Sankranti/ Pongal	Thursday, 14 January
2.	Republic Day	Tuesday, 26 January
3.	Milad-Un-Nabi	Saturday, 27 February
4.	Ugadi	Tuesday, March 16
5.	Annual closing of Accounts Day	Thursday, 1 April
6.	Good Friday	Friday,  2 April
7.	Dr. B R Ambedkar’s Birthday	Wednesday, 14 April
8.	May Day	Saturday, 1 May
9.	Ramzan (Id-ul-Fitr)	Friday, 10 September
10.	Vinayaka Chavithi	Saturday, 11 September
11.	Half yearly closing of Accounts Day	Thrusday, 30 September
12.	Gandhi Jayanti	Saturday, 2 October
13.	Durga Asthami	Friday, 15 October
14.	Deepavali	Friday, 5 November
15.	Id-Ul-Zuha (Bakri Id)	Wednesday, 17 November
16.	Muharram	Friday, 17 December
17.	Christmas	Saturday, 25 December

The following festivals occur on Sunday during the year 2010.

18.	Independence Day	Sunday, 15 August
19.	Vijaya Dasami / Dussehra	Sunday, 17 October

If there is any change of date in respect of Idu’l Fitr, Idu’l Zuha, Muharram and Id-e-Milad as per the moon sight or any other holiday declared now, it shall be announced through electronic/ print media.  All the Heads of Financial Institutions in the State shall take action according to such an announcement and without waiting for formal order about the change of date.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

                                                                        -sd/-

P. RAMAKANTH REDDY,

CHIEF SECRETARY TO GOVERNMENT

  

UNQUOTE