Section 63: Bank holidays

63. Bank holidays (1) The central bank may, with the approval of the Minister, declare, by public notice, any day, or any part thereof, to be a bank holiday. (2) Where a financial institution proposes to transact a business with the public on a bank holiday or a public holiday, it shall— (a) forthwith inform the central bank; and (b) give notice to the public at least 24 hours before the day on which it proposes to transact business. (3) Any obligation which is required to be fulfilled at a financial institution and which falls due on any bank holiday or public holiday shall be deemed to fall due on the following working day. [S. 63 amended by s. 2 (q) of Act 18 of 2008 w.e.f. 19 July 2008; s. 4 (k) of Act 9 of 2015 w.e.f. 14 May 2015.]