Tomorrow is August 1 and there will be certain changes in the banking transactions from next month. These modifications include that your salary will be credited on Sundays and gazetted holidays. The apex bank, Reserve Bank of India (RBI) has recently announced that the National Automated Clearing House (NACH) will remain functional all days of the week from August 1, 2021.
Operated by the National Payments Corporation of India, NACH helps in facilitating credit transfers such as payment of dividends, interest, salary and pension. It also facilitates the collection of payments pertaining to electricity, gas, telephone, instalments towards loans, investments in mutual funds and insurance premium.
Currently, this facility of crediting salary is operational on working days of banks and therefore, the auto-debits are not allowed on bank holidays, gazetted holidays and even Sundays. “In order to further enhance customer convenience, and to leverage the 24×7 availability of real-time gross settlement (RTGS), NACH which is currently available on bank working days, is proposed to be made available on all days of the week effective from August 1, 2021,” RBI governor Shaktikanta Das had said.
This is aimed at reducing the duration of salary processing which includes salary credits, bill payments, insurance premiums and loan EMIs. Earlier, it was delayed due to bank holidays and this auto-transfer facility has helped the transfer of government subsidies during the present COVID-19 in a timely and transparent manner, RBI said.
Recently, RBI Governor Shaktikanta Das had announced several key financial, economic measures amid the pandemic. Among other measures, he had announced 24×7 availability of RTGS and NACH from August 1, 2021.
Banks to remain shut for 21 days ; check dates, full list here
If you are planning to visit your bank in October, plan very carefully as the upcoming month is going to be packed with several bank holidays as per the mandated list of leaves issued by the Reserve Bank of India (RBI). In total, there are 21 bank holidays in the month of October. However, most holidays are state-wise celebrations which means banks in specific states will be close.
Except for a few days, the majority of these holidays are only applicable for a handful of cities and states at a time. As per RBI’s Bank Holiday 2021 list, out of the 21 holidays in October, only 14 of them are holidays because of an occasion, the other seven days are weekend leaves, which encompass Sundays, as well as the second and fourth Saturday of the month.
The RBI mandated holidays are grouped under the categories of ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. In the month of October, the majority of the holidays come under the ‘Holiday under Negotiable Instruments Act’ classification, however, October 1, the very first holiday on the list, comes under the ‘Banks’ Closing of Accounts’ classification, which is only a holiday for banks located in Gangtok.
The first holiday on the list that falls under the ‘Holiday under Negotiable Instruments Act’ is set to happen on October 2, in the form of Mahatma Gandhi Jayanti. This national holiday is one of the few that is applicable to all states and cities that the RBI considered for its list of bank holidays next month. The other big holiday that is set to take place and see a large majority of states participate is Durga Puja/Dasara/Dusshera (Vijaya Dashmi), on October 15. This holiday will apply to all banks across India, except those located in Imphal and Shimla.
Full list of holidays for the month of October 2021:
October 1 – Half Yearly Closing of Bank Accounts (Gangtok)
October 2 – Mahatma Gandhi Jayanti (All States)
October 6 – Mahalaya Amavasye (Agartala, Bengaluru, Kolkata)
October 7 – Mera Chaoren Houba of Lainingthou Sanamahi (Imphal)
October 12 – Durga Puja (Maha Saptami) / (Agartala, Kolkata)
October 13 – Durga Puja (Maha Ashtami) / (Agartala, Bhubaneswar, Gangtok, Guwahati, Imphal, Kolkata, Patna, Ranchi)
October 14 – Durga Puja/Dussehra (Maha Navami)/Ayutha Pooja (Agartala, Bengaluru, Chennai, Gangtok, Guwahati, Kanpur, Kochi, Kolkata, Lucknow, Patna, Ranchi, Shillong, Srinagar, Thiruvananthapuram)
October 15 – Durga Puja/Dasara/Dusshera (Vijaya Dashmi) / (All Banks except those in Imphal and Shimla)
October 16 – Durga Puja (Dasain) / (Gangtok)
October 18 – Kati Bihu (Guwahati)
October 19 – Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif (Prophet Mohammad’s Birthday)/Baravafat / (Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, Thiruvananthapuram)
October 20 – Maharishi Valmiki’s Birthday/Lakshmi Puja/Id-E-Milad (Agartala, Bengaluru, Chandigarh, Kolkata, Shimla)
October 22 – Friday following Eid-i-Milad-ul-Nabi (Jammu, Srinagar)
October 26 – Accession Day (Jammu, Srinagar)
Weekend Bank Holidays in October:
October 3 – Sunday
October 9 – 2nd Saturday
October 10 – Sunday
October 17 – Sunday
October 23 – 4th Saturday
October 24 – Sunday
October 31 – Sunday
While the bank branches will remain closed on these days, mobile and internet banking will remain functional as usual. Customers can make transactions through online modes.
Get your learner’s licence at home now, here’s how!
Driving learner’s licence will now be available at your doorsteps within few days after your test. According to the new consent by the Jammu and Kashmir Administration, candidates for the learner’s licence can now apply online for the learner’s licence and give the test from home.
The Ministry of Road Transport and Highways has issued a new guideline about the online learner’s licence test that is now applicable in the entire J&K UT which means the applicants don’t have to visit the Regional Transport Office (RTO) for the procedure.
Here’s how you can apply for the learner’s licence:
Go to parivahan.gov.in website and click on Driving licence related services. Select your State/UT and apply for the learner’s licence. Select the correct options given further and fill your Aadhar Card details. Write the OTP messaged on your contact number and continue with the procedure.
Upload your signature and submit the required fee amount. Watch the tutorial video in the portal which is about 5-7 minutes. Answer the given 10 questions. 6 correct answers are required to pass the online test. If you pass the test, you get the learner’s licence and can have the print out.
This is a good initiative by the Government as people in Jammu and Kashmir UT had issues about the slots for learner’s licence.
Muskan Langoo, Content writer, JK Media
Aadhaar Card Update: Aadhaar not a valid proof of age – High Court
From time and again, many Indians have tried to produce an Aadhaar Card as a document to verify age. However, in a recent case, the Punjab and Haryana High Court has clarified that the 12-digit identification number cannot be used as proof of age.
The court noted that since no documentary details are asked at the time of Aadhaar Card enrollment, the document can’t be used as valid proof of age.
The Aadhaar Card, which is issued by the Unique Identity Development Authority of India (UIDAI), has become a really crucial document in recent times. From availing several services offered by the central and state governments to applying for banking facilities, one needs to produce an Aadhaar card.
Punjab and Haryana High Court were hearing a petition filed by a couple who had run away from Haryana’s Jind district, according to a report by TOI. Justice Amol Rattan Singh had passed the order related to Aadhar’s validity as a valid proof of age.
The HC reportedly said that there is no proof of age of either of the petitioners other than their Aadhaar cards. “….Hence, if upon actual verification the age of the petitioners, especially petitioner No. 1 (girl), is found to be below marriageable age in terms of the Prohibition of Child Marriage Act, 2006, this order will not bar proceedings under the provisions of that act, all offences punishable under the provisions of the said act being cognisable in terms of Section 15 thereof,” the HC was quoted as saying by TOI.
The court has also directed authorities to determine the actual age of the girl. Legal action will be taken against the couple if the true age is found false. However, for now, the court has granted police protection to the couple.
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