Indian Bank Holidays 2010 – Uttharkand

Bank Holidays for the Year 2010 – Uttharkand

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 – Uttharkand

As declared by the State Government of Uttharkand

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

Display of information for lodging of ATM related complaints.

Display of information for lodging of ATM related complaints.

Every day, Banks are adding new ATM's to their Networks, to enable their customers to transact through them.
It is observed that there is a proportinate increase in the ATM Complaints too.

In India, ATM's are still used chiefly for Cash Withdrawals only.

Hence, the majority of ATM related complaints are regarding 01) non-dispensing of Cash, even though Account is debited with the amount. 02) Withholding of ATM Card by the ATM Machine, when a wrong Password is keyed in 3 times.

There was no proper display of Phone numbers/contact mechanism detials at the ATM's to enable the customers to lodge the complaints. This in turn led to customers lodging complaints with Reserve Bank of India.

To minimise complaints directly being lodged with Reserve Bank of India, RBI, DPSS has vide Notification -
RBI/2009-2010/266/DPSS No.1316 /02.10.02/2009-2010, dt.December 18, 2009, addressed to The Chairman and Managing Director / Chief Executive Officers- All Scheduled Commercial Banks including RRBs /Urban Co –operative Banks / State Co-operative Banks /District Central Co-operative Banks//ATM network providers, has provided a format for Display of information for lodging of ATM related complaints.

The said Notification can be accessed at
http://rbi.org.in/scripts/NotificationUser.aspx?Id=5429&Mode=0.

The Display should contain:

QUOTE:

   1.  Information that complaints should be lodged at the branches  where customers maintain account to which ATM card is linked

   2. Telephone numbers of help desk/contact persons of the ATM owning bank  to lodge complaint / seek assistance

UNQUOTE:

NEFT Holidays for 2010

NEFT  Holidays for 2010
Reserve Bank of India, has declared the RTGS Holidays for 2010.
The same are reproduced below. The NEFT and RTGS Holidays are in sync now i.e if RTGS is closed, than NEFT too will be closed.

Three holidays i.e September 11, 2010 - October 02,2010 - December 25, 2010, fall on saturdays. This means that ePayments will continously be closed for 2days at a strech.
However no Holiday falls on a Monday.

 
QUOTE

 RTGS/NEFT Holidays - Year 2010

Sl. No.     Date     Day     Occasion       
1.     January 26, 2010     Tuesday     Republic Day       
2.     April 01, 2010     Thursday     Annual Closing of banks       
3.     April 02, 2010     Friday     Good Friday       
4.     July 01, 2010     Thursday     Annual Closing of RBI       
5.     September 11, 2010     Saturday     Ganesh Chaturthi / Id-Ul-Fitr       
6.     September 30, 2010     Thursday     Half-yearly closing of banks       
7.     October 02, 2010     Saturday     Mahatma Gandhi Jayanti       
8.     November 05, 2010     Friday     Diwali / Kali Puja       
9.     November 17, 2010     Wednesday     Bakri Id       
10.     December 17, 2010     Friday     Moharrum       
11.     December 25, 2010     Saturday     Christmas    
UNQUOTE

RTGS Holidays for 2010

 RTGS Holidays for 2010

Reserve Bank of India, has declared the RTGS Holidays for 2010. The same are reproduced below.
In 2009,  the number of  RTGS Holidays were 14, apart from  Sundays.
In 2010,  the number of RTGS Holidays are 11, apart from Sundays.


This might be due to the fact, that many Festivals in 2010, are on Sundays. So, naturally, the number of holidays on other days are less.

Three holidays i.e September 11, 2010 - October 02,2010 - December 25, 2010, fall on saturdays. This means that ePayments will continously be closed for 2days at a strech.

 
QUOTE

 RTGS Holidays - Year 2010

Sl. No.             Date                 Day                         Occasion       
1.     January 26, 2010         Tuesday                     Republic Day       
2.     April 01, 2010             Thursday                   Annual Closing of banks       
3.     April 02, 2010             Friday                        Good Friday

      
4.     July 01, 2010             Thursday                     Annual Closing of RBI       
 

5.     September 11, 2010     Saturday             Ganesh Chaturthi / Id-Ul-Fitr       
 

6.     September 30, 2010     Thursday             Half-yearly closing of banks       
 

7.     October 02, 2010     Saturday                     Mahatma Gandhi Jayanti       
 

8.     November 05, 2010     Friday                     Diwali / Kali Puja       
 

9.     November 17, 2010     Wednesday                 Bakri Id       
 

10.     December 17, 2010     Friday                     Moharrum    

  
11.     December 25, 2010     Saturday                 Christmas    
UNQUOTE