Bank Holidays in Punjab 2024

Note: It is to be noted that all 2nd and 4th Saturday and Sundays are bank holidays.

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Even if the banks are closed on some Saturdays, customers can initiate transactions and avail other banking services from anywhere at their leisure using the following platforms:

• Netbanking
• Mobile Banking
• Fund transfer (NEFT, IMPS, UPI)

Alternatively, one can visit the ATM anytime to avail any banking service.

Note: According to  RBI instructions, both scheduled and non-scheduled banks will have only the 1st, 3rd and 5th Saturdays of every month as working days. This means that the banks will remain shut on the 2nd and 4th Saturday of every month.

As per RBI’s instructions, both scheduled and non-scheduled banks will have only the 1st, 3rd and 5th Saturdays of every month as working days. This implies that the banks will remain closed on the 2nd and 4th Saturday of every month.

RTGS or Real Time Gross Settlement is a system where the funds transfer requests are processed in real time, i.e. as soon as they are received from the remitting bank.

According to the RBI, RTGS Service is operational from 7 am to 6 pm on a working day. Here is a list of RTGS holidays in Punjab for 2020:

National Electronic Fund Transfer (NEFT) is a nationwide electronic payment system wherein the transfer of funds is done on half hourly basis and in batches.

The Reserve Bank of India (RBI) has made the National Electronic Funds Transfer facility available for 24 hours a day and 365 days a year. Hence NEFT service is available throughout the year irrespective of any state.

The following is the list of upcoming Saturday bank holidays when all banks for the state of Punjab will be closed for routine banking transaction activities.

The list of Punjab Bank Holidays in 2019 is given in the table below:

Note: In India, the 2^nd and 4^th Saturday of every month is public holiday for banks.