Saturday, February 4, 2017

Andhra Pradesh – List of Bank Holidays in Year 2017 under Negotiable Instruments Act, 1881


         

All Banks in any State have to adhere to the List of Holidays declared by the respective State Government under Section 25 of the Negotiable Instruments Act, 1881

         Government of Andhra Pradesh vide its Gazette Notification No.775 dt. December 9, 2016, declared 19 Holidays under N.I Act 1881.

         Holidays falling on normal week days ---- 17
        
S.No
Occasion/Festival
Date
Day
1
Republic Day
26.01.2017
Thursday
2
Ugadi
29.03.2017
Wednesday
3
Annual closing of Accounts
01.04.2017
Saturday
4
Sri Ram Navami / Babu Jagjivan Ram’s Birthday
05.04.2017
Wednesday
5
Good Friday / Dr. B.R. Ambedkar’s Birthday
14.04.2017
Friday
6
May Day
01.05.2017
Monday
7
Ramzan  (ID-UL-FITR)
26.06.2017
Monday
8
Independence Day
15.08.2017
Tuesday
9
Vinayaka Chavithi
25.08.2017
Friday
10
Bakrid  (ID-UL-AZHA)
02.09.2017
Saturday
11
Durgashtami
28.09.2017
Thursday
12
Vijaya Dasami / Dussehra
30.09.2017
Saturday
13
Mahatma Gandhi Jayanthi
02.10.2017
Monday
14
Deepavali
19.10.2017
Wednesday
15
Karthika Purnima / Gurunanak Jayanthi
04.11.2017
Saturday
16
Milad un Nabi
01.12.2017
Friday
17
Christmas
25.12.2017
Monday

         There are few festivals which fall on Sundays or 2nd/4th Saturdays. Such festivals are as under: -
S.No
Occasion/Festival
Date
Day
1
Sankranthi / Pongal
14.01.2017
2nd Saturday
2
Holi
12.03.2017
Sunday
3
Moharrum
01.10.2017
Sunday


This means any Bank in Andhra Pradesh having official working days on Sundays, will have to observe the above days as holidays.

In a bold step, Government of Andhra Pradesh has declared that there shall not be more than two consecutive holidays for financial institutions located in the state under N.I.Act, 1881.
Hence, e holidays for the following two festivals have been cancelled for the year 2017.
S.No
Occasion/Festival
Date
Day
1
Mahasivarathri
24.02.2017
Before 4th Saturday
2
Krishnashtami
14.08.2017
After 2nd Saturday and Sunday

         Government of Andhra Pradesh is promoting CashLess payments in a big way to reduce the need for public to visit bank branches.

         The following banner on CashLess Payments welcomes visitors to the official portal http://www.ap.gov.in/