10th BPS-2nd and 4th Saturday as Holidays

Wage Negotiation between IBA Workmen Unions and Officers’ Association — 10th BPS — 2nd and 4th Saturday as Holidays

F.No.4/1/7/2015-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
Dated the August 20, 2015

1 Dy. Governor,
Reserve Bank of India,
Central Office, Mumbai.

2. Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Wage Negotiation between IBA Workmen Unions and Officers’ Association — 10th BPS — 2nd and 4th Saturday as Holidays

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.

Encl. As above

Yours faithfully,
(Mariish Kumar)
Under Secretary to the Government of India

To be published it the Gazette of India, Extra ordinary, Part II,
Section 3, Sub-section (ii)

Ministry of Finance
(Department of Financial Service)

Notification

New Delhi,the 20th August,2015

S.O. – (E) In exercise of the power conferred by section 25 of the Negotiable Instrument 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 include in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1938), with effect from the 1st day September, 2015.

[F.No.4/1/7/2015-IR]

sd/-
(Mohammad Mustafa)
Joint Secretary to the Government of India

Signed copy-