Indian Bank Holidays 2010 – Sikkim

Bank Holidays for the Year 2010 – Sikkim

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 holiday. 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 – Sikkim

As declared by the State Government of Sikkim