Holidays, Vacations - Awesome Destinations!

Bank Holidays 2023 What are Bank Holidays? Bank holidays in India refer to specific days when banks and financial institutions suspend regular business operations. Transactions involving accounts, loans, and other financial activities are temporarily halted on these days, affecting the general public. The Reserve Bank of India (RBI), the central banking institution, designates bank holidays in India. This list is typically prepared annually, considering various factors such as national and regional holidays, festivals, and public events.

Gazetted Holidays 2023 Gazetted holidays in India refer to public holidays officially declared by the central government and observed nationwide, including all states and union territories. These holidays typically commemorate significant national events like Republic Day, Independence Day, and Gandhi Jayanti. Gazetted holidays, often termed as mandatory holidays, entail the closure of government offices, banks, schools, and various other institutions. In contrast, restricted holidays are optional and at the discretion of employees, who can choose up to 30 holidays from a designated list. These holidays usually correspond to religious or cultural festivals, such as Holi, Diwali, Eid, Christmas, and more. Known as optional holidays, employees have the flexibility to decide whether to work or take leave on these days.