Bank Holidays in Mizoram 2020

Date	Day	Event
1st January 2020	Wednesday	New Year’s Day
2nd January 2020	Thursday	Year Celebration/Guru Govind Singh Ji Birthday
20th February 2020	Thursday	State Day
6th March 2020	Friday	Chapchar Kut
10th March 2020	Tuesday	Holi (Second Day)/Dhuleti/Yaosang 2nd Day
1st April 2020	Wednesday	Annual closing of banks
10th April 2020	Friday	Good Friday
7th May 2020	Thursday	Buddha Pournima
25th May 2020	Monday	Ramzan Id (Id-Ul-Fitr) (Shawal-1)
15th June 2020	Monday	Y.M.A. Day/Raja Sankranti
30th June 2020	Tuesday	Remna Ni
1st August 2020	Saturday	Bakri ID (Id-Ul-Zuha)
15th August 2020	Saturday	Independence Day
2nd October 2020	Friday	Mahatma Gandhi Jayanti
30th November 2020	Monday	Guru Nanak Jayanti/Kartika Purnima/Rahasa Purnima
24th December 2020	Thursday	Christmas Festival
25th December 2020	Friday	Christmas
30th December 2020	Wednesday	Year’s Eve

RTGS and NEFT are the payment systems that facilitate one-to-one funds transfer in India. People can electronically transfer money from any bank branch to a person holding an account with any other bank branch via these payment systems.

While RTGS works on a real time basis, NEFT settles transactions in half hourly batches. RTGS system is meant for large-value instantaneous fund transfers, while system is used for fund transfers of up to Rs 2 lakh.

Here is a list of RTGS Holidays in Mizoram for 2020:

Date	Day	Event
1st April 2020	Wednesday	Annual closing of banks
10th April 2020	Friday	Good Friday
25th May 2020	Monday	Ramzan Id (Id- ul- Fitr)
1st August 2020	Saturday	Bakri Id (ld- uI-Zuha)
15th August 2020	Saturday	Independence Day
2nd October 2020	Friday	Mahatma Gandhi Jayanti
30th October 2020	Friday	Lakshmi Puja / Milad-un-Nabi
25th December 2020	Friday	Christmas

Note: RTGS service is non operational on 2nd and 4th Saturdays of the Month.

NEFT is operational 24*7 and 365 days a year but as this process is based on Deferred Net Settlement (DNS); the transfer of funds are carried out on a half-hourly basis starting from 12:30 am to 12:00 pm.

Banks do not remain open on the 2nd and 4th Saturdays of every month and the 5th Saturday is a working day for banks if a particular month has five Saturdays. The following is the list of Saturday bank holidays in Mizoram 2020:

Date	Event
11th January 2020	2nd Saturday
25th January 2020	4th Saturday
8th February 2020	2nd Saturday
22nd February 2020	4th Saturday
7th March 2020	2nd Saturday
21st March 2020	4th Saturday
11th April 2020	2nd Saturday
25th April 2020	4th Saturday
9th May 2020	2nd Saturday
23rd May 2020	4th Saturday
13th June 2020	2nd Saturday
27th June 2020	4th Saturday
11th July 2020	2nd Saturday
25th July 2020	4th Saturday
1st August 2020	1st Saturday (Bakri ID- Id-Ul-Zuha)
8th August 2020	2nd Saturday
15th August 2020	3rd Saturday (Independence Day)
22nd August 2020	4th Saturday
12th September 2020	2nd Saturday
26th September 2020	4th Saturday
10th October 2020	2nd Saturday
24th October 2020	4th Saturday
14th November 2020	2nd Saturday
28th November 2020	4th Saturday
12th December 2020	2nd Saturday
26th December 2020	4th Saturday

Banks are not always open so if a customer wishes to make a bank transaction on bank holidays, he/she may do so through any one of the following ways:

• Immediate Payment Service (IMPS)
• Unified Payments Interface (UPI)
• Access to Net-banking and Mobile-banking services
• ATM Services
• Cheque Drop facility at ATM/other Cheque Drop-boxes