So, if the person in charge of payroll plans to take a few days off when payroll is due, make sure that it is submitted early or that you have it covered. Keep in mind that many employees take additional vacation days surrounding these holidays. **For the vast majority of Federal employees, the Monday after a holiday is considered to be a holiday for the purposes of pay and leave. *As noted by the U.S Office of Personnel Management, most Federal employees will treat the Friday before a holiday that falls on a Saturday as a holiday for pay and leave purposes if that Friday falls on a workday. Christmas Day – Monday, December 25, 2023.Thanksgiving Day – Thursday, November 23, 2023 Monday, October 24, 2022: Banks will remain shut in all parts of the country except for Gangtok, Hyderabad, and Imphal due to the celebration of Kali Puja/Deepavali/Diwali (Laxmi Pujan)/Naraka Chaturdashi.Veterans Day – Friday, November 10, 2023*.Columbus Day – Monday, October 09, 2023.Independence Day – Tuesday, July 04, 2023.Juneteenth National Independence Day – Monday, June 19, 2023.Washington’s Birthday – Monday, February 20, 2023**.New Year’s Day – Monday, January 02, 2023*.Online banks may also delay transactions until the next business day. Since your employees will not be receiving their direct deposit on holidays, you’ll want to ensure you review your next scheduled check date for accuracy and alter the run date to accommodate the holiday if it needs to be adjusted. Brick-and-mortar banks will close their branches on Tuesday, July 4, and reopen on Wednesday, July 5. The ACH is an electronic network for financial transactions in the United States and is used for business-to-business payments, direct deposit of payroll, consumer bills, Social Security, e-commerce payments, and tax payments. Some employees may still be able to deposit and cash checks at their banks if they are open.Īlthough the direct deposit is electronic, it cannot be processed on holidays due to the Automated Clearing House (ACH) following the same rules as the reserve. This is what prevents the deposits from going through. However, even if a bank is open and the Federal Reserve is closed, there is no actual movement of money. Nowadays, a lot of banks are actually open on holidays. As such, here are some tips to make sure your payroll doesn’t put a damper on everyone’s holiday spirit. Nothing is worse than realizing that your employees will not be paid until after the holiday when you already assured them that you would have it done before. But how do you navigate when payday falls on a holiday? Who doesn’t enjoy being rewarded for their efforts, after all? It’s critical for your business to deliver your employee’s payroll compensation on time. There are mainly 2 special days in October 2022 Mahatma Gandhi Jayanti and Diwali.For many people, payday is a very exciting day. Is there any special day in October 2022?Īns. There are 11 bank holidays in the month of October 2022. How many bank holidays are in October 2022?Īns. NABARD Development Assistant Recruitment 2022Ĭentral Bank of India SO Recruitment 2022 Latest Govt Jobs Notifications SBI PO Notification 2022 Name of The Monthīank Holidays in October 2022 in Hindi Important Days in 2022: Month WiseĬandidates can check all the important days of 2022 month-wise in the given table below. Srinagar, Kanpur, Shimla, Mumbai, Lucknow, Bengaluru, Belapur, Ahmedabad, GangtokĬandidates can check Bank Holidays in 2022 month-wise in the given table below. October 09, 2023: Monday: Open: Veterans Day: November 11, 2023: Saturday: Open: Day Before Thanksgiving: November 22, 2023. National Holiday (except Gangtok, Hyderabad, Imphal) Here candidates can check the complete bank holiday list in the given table below. When there is no corresponding federal holiday for one of the following mandatory bank holidays, a banking institution may open or close on that day (Code. Including second and fourth Saturday, banks in India will remain closed for 11 days in October 2022. We have compiled a list of bank holidays for the month of October 2022. Below are the primary bank holidays that you should be aware of and Fifth Third Banks specific holiday hours for those dates. They do not necessarily open or close their doors when other financial institutions do. In this post, we have provided the complete list of the Bank Holidays in October 2022. Fifth Third Bank is closed on most major holidays. The Banking Holidays differ from one state to the other as some of the holidays in banks are based on state-specific festivals. Customers who visit banks for normal banking transactions must be aware of the Bank Holidays in October 2022 so that there is no last-minute rush and inconvenience. For the month of October 2022 banks in India will remain closed for a total of 11 days including the second and fourth Saturday and Sunday. For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday. Bank Holidays in October 2022: The Reserve Bank of India(RBI) releases every year the bank holiday calendar.
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