GOVERNMENT OF :MAHARASHTRA
NOTIFICATION
General Administration Department
Hutatma Rajguru Chowk, Madam Cama Road,
Mantralaya, Mumbai- 400 032.
Date – 1st June, 2013
Negotiable Instruments Act,1881
The Government of Maharashtra under section 25 of the Negotiable Instruments Act, 1881 (XXVI of 1881) has declared Public Holidays for the year 2013 with Bank Holidays to enable the Banks to close their yearly/half yearly accounts vide Government notification, General Administration Department No.PHD-11121C.R185/2012/XX1X, dated 5th December, 2012.
2. However, as per request from Reserve Bank of India, Mumbai, the Government of Maharashtra hereby cancel the Bank Holiday declared on 30″‘ September, 2013 for half yearly closing of accounts. There will be no bank holiday on 30th September, 2013 in the State of Maharashtra including Mumbai.
By order and in the name of the Governor of Maharashtra,
( R. G. Panchal)
Under Secretary to Government
In these days of computerisation of the banks Half yearly accounting is just a click away! So what is the need for a holiday for account closing as in the good old days? Only a few remotely located cooperative banks might need the day for themselves. They can merrily the day off for customers without affecting the main stream. RBI’s decision is both practical and laudable. However let RBI not come up later with the justification that Oct 2 being a holiday they wanted to keep the intervening two days( Sep30 and Oct1) as working days!