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  1. Eid 2018 holiday: Are banks closed today? Here’s all you need to know about bank holiday

Eid 2018 holiday: Are banks closed today? Here’s all you need to know about bank holiday

Eid 2018 holiday: Banks in most states have notified holiday on Saturday, June 16 for Eid ul-Fitr 2018. The festival will be celebrated across India on Saturday, while in Kerala it is being celebrated today.

By: | Updated: June 15, 2018 9:58 AM
Eid 2018: Is tomorrow bank holiday or not? Here's what you should know The tentative date for Eid ul-Fitr is Saturday, June 16, in most states, which is a working Saturday for banks.

Eid 2018 holiday: Banks in most states have notified holiday on Saturday, June 16 for Eid ul-Fitr 2018. Since Muslim festivals are subject to the visibility of moon, the date of celebration is advanced or postponed a day or two many times. This year, Muslims, observing Ramazan for a month now, will end their fast with the sighting of the crescent moon in the sky and culminate the celebrations of Eid ul-Fitr. The festival will be celebrated across India on Saturday, while in Kerala it is being celebrated today.

So, it is clear now that bank holiday is on Saturday, except for the states notified otherwise. A lot of confusion happens when Eid is advanced or postponed. However, banks usually do not change their holidays in that case. “Except for some South Indian states, the holiday for Eid 2018 holiday is on Saturday. Once that’s announced, it is not usually not changed according to the visibility of the moon,” DT Franco, General Secretary, All India Bank Officers’ Confederation told FE Online.

In Kerala, Mizoram, Odisha, Puducherry Tamil Nadu, and Uttarakhand, the bank Eid 2018 holiday has been notified on Friday, June 15. A UCO Bank holiday disclaimer said that since Muslim festivals are subject to the sighting of the moon, the competent authority at the bank may change the holiday date.

Also Read: Eid 2018: BSNL Eid Mubarak Rs 786 recharge pack offering 300GB data launched

“Muslim festivals which are dependent on the sighting of the moon will be declared as Holidays by the Competent Authority for the date on which the festival would be actually observed in lieu of the date originally notified as Holiday for this festival,” the bank said. Banks have holidays every second and last Saturday of the month.

Meanwhile, an investigation has been started into “fake” notification purportedly issued by the state finance department on a letterhead with the Biswa Bangla logo stated that the state government has declared holidays for five days, from June 12 to June 16, to celebrate the Eid festival.

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