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Bank Holidays are the public holidays when all the banks are remained closed and not a single transaction is held within bank. Different countries have different list of bank holidays. Like in USA, UK, India, Australia, Canada all have different list of bank holidays as this is one of the events that comes under the highest magnitude of celebrations in all over the world. In most of the countries 1st of January is celebrated as new year holiday is the first bank holiday where as 28th of December of every year is the last bank holiday of the year celebrated as Boxing holiday in most of European countries. Different continents have different treads, customs and also different list of bank holidays.

As UK is one of the biggest country houses numbers of prestigious colleges and universities. It is one of the business hub where most of the leading companies of the world having their business centers over there. UK consists long list of bank holidays. During bank holidays in UK, banks are remaining close and not a single transaction is held by that particular bank. Here 123newyears.com brings you with the complete list of bank holidays that helps you in arranging you schedule as per the bank holidays.

Below are the some famous bank holidays in UK,

January 1st when New Years Day is celebrated and banks are remain closed on this day,

April 2nd the day celebrated as Good Friday is remarked as bank holiday in UK,

April 5th on of the biggest day celebrated as Easter Monday also one of the famous bank holiday,

May 1st the day celebrated as Early May bank Holiday

August 1st when Summer Bank Holiday is celebrated

Last Monday in December, one of the biggest day for Christian community celebrated as Christmas Day

December 28th is celebrated as Boxing Day

Besides UK, other countries also consists a long list of bank holidays like USA one of the developed countries of the world where you will find number of bank holidays. Below are the some mentioned bank holidays in USA,

1st January celebrated as New Years Day

4th July celebrated as Independence Day

18th February celebrated as President’s Day

1st September celebrated as Labor Day

27th November celebrated as Thanksgiving Day

25th December celebrated as Christmas Day

For Canada you can log on to 123newyears.com that offers complete list of bank holidays of Canada, like below are the some famous bank holidays in Canada,

New Year – 1st January

Good Friday – 10th April

Canada day – 1st July

Thanksgiving Day – 12th October

Christmas – 25th December

Boxing Day – 28th December

Below are the some of the most popular and famous bank holidays in India celebrated with full joy and fun like,

26th January Celebrated as Republic Day

15th Aug Celebrated as Independence Day

2nd Oct Celebrated as Mahatma Gandhi’s Birthday

5th Nov Celebrated as Deepavali or Diwali

25th Dec Celebrated as Christmas Day

26th Dec Celebrated as Boxing Day

Every New Year brings you with new calendar with the same list of bank holidays but on different days. Dates are remain same only days get different. Like 2011 calendar brings new list of bank holidays along with other list of events and festivals celebrated through out the year with great fun and joy.

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Bank Holidays are known by public holidays and its list if is differ from one country to another. Different countries have different list of bank holidays. On this day banks are remained closed and not a single transaction is held by bank on bank holiday event. This event comes in the highest magnitude of celebrations across the globe. Besides different countries, even different banks have different list of bank holidays. Box holidays which is on 28th of December of every year is the last bank holiday of the year and 1st of January is the first bank holiday celebrated as new year holidays.

Below are some most famous bank holidays in Canada,

January 1st – New Year

April 10th – Good Friday

July 1st – Canada day

October 12th – Thanksgiving Day

December 25th – Christmas

December 26th – Boxing Day

Apart from above there are more bank holidays in Canada that are celebrated through out the nation with compete fervor.

Below are the some most famous bank holidays in USA,

1st January – New Years Day

18th February – President’s Day

4th July – Independence Day

1st September – Labor Day

27th November – Thanksgiving Day

25th December – Christmas Day

Apart from above mentioned list of bank holidays in USA, there are more in the list of USA bank holidays that you can go through online new year websites that offers different list of bank holidays in different countries.

Below are the some of the most popular and famous bank holidays of India that are celebrated through out the India with great devotion and fervor.

26th January – Republic Day

15th Aug – Independence Day

2nd Oct – Mahatma Gandhi’s Birthday

5th Nov – Deepavali or Diwali

25th Dec – Christmas Day

26th Dec – Boxing Day

In UK bank holidays are also known by national holidays. On these days public of UK enjoys a holiday as no transactions are made by bank. Below you will find the list of different bank holidays in UK,

January 1st – New Years Day

April 2nd – Good Friday

April 5th – Easter Monday

May 1st – Early May bank Holiday

August 1st – Summer Bank Holiday

Last Monday in December – Christmas Day

December 28th – Boxing Day

All the above mentioned list of different bank holidays in India, UK, Canada, USA are celebrated with great fun and joy in there respective country. In123newyears.com you will find complete list of bank holidays of different countries along with all these above mentioned countries.

Banks are playing an important role for the development of Indian economy. Recently banking system has been improved after liberalization and major changes have been done to measure the systematic importance of banks in Indian economy. The economic and financial reforms have been improved completely banking sector. Mostly, many entrepreneurs and businesses has to be done many financing task with a bank. It has seen that when any company is doing struggle, then your relations with your banker can be damaged. These all banking activities can be possible only when banks are found closed on these days. These days are known as bank holidays and public holidays depend on a variety of factors like acts that identify such holidays as well as festivities when a bank holiday is in order.

Banks have great importance in performing various roles in Indian economy and how can Indian economy grow and develop rapidly, this is very important factor for banking system in India during bank holidays in India. Prime function of a bank is to modernize the information problems between investors and borrowers by monitoring the latter and ensuring a proper use of the depositors’ funds. Secondly, they provide intertemporal smoothing of risk, which can be varied in required time as well as insurance to depositors against unexpected Consumption shocks. Thirdly, banking has great contribution for the growth and development of Indian economy. Fourthly, banks perform a major role in corporate governance. The various roles of banks differ significantly across countries and times but, banks are very critical to the financial system.

2011 Bank holidays are announced by Reserve Bank of India (RBI) and sometimes bank holidays can be declared by bank holidays calendar. These holidays may vary from state to state as festivals and events are unique to each state. There may be no transactions made when banks are found closed. Some of the bank holidays in India are known as optional and gazzetted holidays declared by RBI. To understand various functions of banks in the financial system is one of the most fundamental issues in academic finance and economics. So, all the functions of banking system can be modernized to use latest banking system properly.

Bank holidays in USA represents public holidays when the banks do not operate. Bank holidays are special holidays for different festivals, national holidays and public events. When Bank holidays will remain closed, this information is very important for every customer because of everyone wants to do transactions in bank almost every alternate day. Bank will be closed on special occasions or government holidays, it can be decided by the reserve bank of India RBI and negotiable act of the banks. Bank holidays are very important as every bank has a lot of task to sum up in minimum time and results into beneficial status. Bank holidays are considered not only yearly, but also these holidays are scheduled on the bases of months. Therefore, every customer should have awareness about the expected days when bank will remain closed and consequently they can do their important work before holiday.