All about Real Time Gross Settlement(RTGS) and National Electronics Funds Transfer(NEFT)
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Showing posts with label RTGS Holidays 2011. Show all posts
Showing posts with label RTGS Holidays 2011. Show all posts
Saturday, December 3, 2011
Monday, October 24, 2011
Thursday, September 29, 2011
Saturday, August 27, 2011
Sunday, August 21, 2011
22/08/2011 - Sri Krishna Jayanti/ Janmashtami – RTGS/NEFT is open
22/08/2011 - Sri Krishna Jayanti/ Janmashtami – RTGS/NEFT is open
Some
states in India, have declared a holiday for Janmashtami. As it is not celebrated on the same day, in
all parts of India, in South India, today it was a holiday i.e 21/08/2011.
Hence,
RTGS/NEFT is open on 22/08/2011. As is the norm, even if the Branches are
closed, the customers will be executing RTGS/NEFT funds via Internet/Mobile Banking.
The
Sri Krishna Jayanti festival is not celebrated on the same day in all parts of
India and this is due to the various regional calendars and the various
calculations in the time of the birth of Krishna.
In
2011, Sri Krishna Jayanti is marked on August 21 in Kerala, Tamil Nadu, and is
some parts of Karnataka, Maharashtra and Andhra Pradesh. In North India, it is
marked on August 22. The Smarta Tradition observes the festival on August 21
and the Vaishnava Tradition on August 22.
It is
observed as Dahi Handi in Maharashtra,
the formation of the huge human pyramids to break the pot hung high up.
In
different states, Janmashtami is celebrated
in their unique style. The common thread joining all the states is the pomp
associated with the celebrations.
Friday, August 12, 2011
RTGS/NEFT working on 13/08/2011
RTGS/NEFT working on 13/08/2011
This year, Raksha Bandhan i.e the festival of tying of a rakhi, or holy thread, by the
sister on the wrist of her brother falls on 13/08/2011
Rakshan Bandhan is predominantly a North Indian festivial,
though with the globalization winds, it has spread to other parts of the
country too.
Raksha Bandhan is a festival primarily observed in North
India, which celebrates the relationship between brothers and sisters.
Banks in North India are closed for Raksha Bandhan. However,
RTGS/NEFT will be functioning on 13/08/2011. So, Bank Customers with
online/mobile banking facilities will be able to carry out RTGS/NEFT
transactions. But, remember it is a Saturday, so it will be a half-day for the
RTGS/NEFT.
However, 14th August, 2011 (Sunday) and 15th
August 12, 2011(Monday), Banks will be closed Pan-India, and for business folks
it will be a 3 day bank holiday. A long weekend ahead. The clearing cheques
will be stuck in the clearing cycle and the fate will be known late Tuesday evening.
The
festival is observed by Hindus, Sikhs, and Muslims. The central ceremony
involves the tying of a rakhi (sacred thread) by a sister on her brother's
wrist. This symbolizes the sister's love and prayers for her brother's
well-being, and the brother's lifelong vow to protect her.
The festival falls
on the full moon day (Shravan Poornima) of the Shravan month of the Hindu
lunisolar calendar. It grew in popularity after Rani Karnavati, the widowed
queen of Chittor, sent a rakhi to the Mughal emperor Humayun when she required
his help.
Unrelated boys and
men who are considered to be brothers (munh-bola bhai or adopted brothers) can also be tied
rakhis, provided they commit to a lifelong obligation to provide protection to
the woman or girl.
This is becoming a common feature in Colleges and also symbolically
the Rakhis are tied to political leaders too.
Wednesday, April 13, 2011
RTGS/NEFT working on 14/04/2011
RTGS/NEFT Open on 14/04/2011
RTGS is functioning on 14/04/2011
NEFT is functioning on 14/04/2011
Well last year, Reserve Bank of India, declared a sudden holiday for 14/04/2010. Please refer my earlier post @ http://goo.gl/s1sJ6
This year, the mood seems to be different. As 14/04/2011, was not initially declared a Holiday under the RTGS Holidays 2011, RTGS/NEFT will be kept open.
It will be an interesting experience. All the Bank Branches across India are closed. So, tomorrow the transactions will be driven by Alternate Channels i.e Internet Banking, Mobile Banking, ATM channel.
The mood of Indian Banking customers towards Alternate Banking Channels can be judged. Yes, lots of eyes will be on RTGS/NEFT on 14/04/2011.
Trust the Indian Banking Customers will opt in large numbers for Alternate Channels.
I understand the sentiments of folks @ the RTGS/NEFT Centralised Operations Units in Banks across the country.
Cheers to the unknown heroes.
Monday, April 11, 2011
Thursday, March 31, 2011
RTGS Closed on 01/04/2011. NEFT Closed on 01/04/2011
Warning: Information on this page expires on 01/04/2011
Under the Negotiable Instruments Act 1881, 01/04/2011 is a holiday across India
Under the Negotiable Instruments Act 1881, 01/04/2011 is a holiday across India
Friday, January 14, 2011
15/01/2011 – RTGS/NEFT is working
15/01/2011 – RTGS/NEFT is working
Andhra Pradesh, Assam, Karnataka, Pondicherry, Tamil Nadu are closed, but other states are working.
However, customers in the above locations can transact online, if sufficient funds are available in their account
Thursday, December 16, 2010
RTGS Holidays 2011. NEFT Holidays 2011
Reserve Bank of India, has announced the RTGS Holidays for 2011.
Excluding Sundays, RTGS/NEFT will be closed for 11 days in 2011.
October 2nd, and December 25th fall on a Sunday, so do not be surprised not to see them in the Holiday list.
By now Bank customers must be aware that on RTGS Holidays, NEFT too will be closed.
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