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01 September, 2015Latest News

 
Site last updated on :01-09-2015


For Office Bearers

Congratulations - 2nd & 4th Saturday, as public holiday

Append below are letter and notification issued by Government of India, Ministry of Finance vide circular dated 20th August, 2015 regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September,2015. Comrades, congratulations! Ultimately we achieved what we have settled at the time of Wage Revision Settlement.

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Government of India, Ministry of Finance, Department of Financial Services 

To, Dy. Governor, RBI & CEO, IBA

Sir, I am directed to refer to IBA’s letter No. HR&IR/XBPS/3/975 dated 25th June, 2015 and RBI’s letter No, DBR(Leg.) No. 953/09.04.022/2015-16 dated 15.7.2015 on the subject cited above and to enclose herewith a copy of the Notification (in English and in Hindi) regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September,2015.

2.     RBI and IBA are requested to take necessary action accordingly

3.     This issues with the approval of Competent Authority.

NOTIFICATION 20.08.2015 FROM MOF

S.O.  – (E)  In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881  (26  of 1881 ),  the Central Government hereby declares the Second and the Fourth Saturday of every month as public holiday for banks in India, whether or not such Banks are included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day September,2015.

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