Bank Holidays in Mizoram 2020

RTGS and NEFT are the payment systems that facilitate one-to-one funds transfer in India. People can electronically transfer money from any bank branch to a person holding an account with any other bank branch via these payment systems.

While RTGS works on a real time basis, NEFT settles transactions in half hourly batches. RTGS system is meant for large-value instantaneous fund transfers, while system is used for fund transfers of up to Rs 2 lakh.

Here is a list of RTGS Holidays in Mizoram for 2020:

Note: RTGS service is non operational on 2nd and 4th Saturdays of the Month.

NEFT is operational 24*7 and 365 days a year but as this process is based on Deferred Net Settlement (DNS); the transfer of funds are carried out on a half-hourly basis starting from 12:30 am to 12:00 pm.

Banks do not remain open on the 2nd and 4th Saturdays of every month and the 5th Saturday is a working day for banks if a particular month has five Saturdays. The following is the list of Saturday bank holidays in Mizoram 2020:

Banks are not always open so if a customer wishes to make a bank transaction on bank holidays, he/she may do so through any one of the following ways:

• Immediate Payment Service (IMPS)
• Unified Payments Interface (UPI)
• Access to Net-banking and Mobile-banking services
• ATM Services
• Cheque Drop facility at ATM/other Cheque Drop-boxes