Finish Your Banking Transactions! 4-Day Holiday Coming Up In Some States
Even as many people may be planning to go on long holidays for the extended weekend with effect from Saturday, April 28, they should ensure that they have enough of cash at their disposal or complete their required banking transactions. Banks in some states will be shut from Saturday till Tuesday. Customers should check with their banks on the days it will remain closed. Banks will take steps to keep ATMs replenished, a banker said. But internet-banking and mobile banking will remain operational, he added.
This Saturday on April 28, is a fourth Saturday – a regular off for banks. Sunday falls on April 29 while Monday is Buddha Purnima and Tuesday is Labour Day.
However, not all banks in all the states will be shut on Monday and Tuesday. Banking holidays are decided according to the Negotiable Instruments Act.
On Buddha Purnima, April 29, banks in Maharashtra, Delhi, West Bengal, Madhya Pradesh, Uttar Pradesh and Haryana will be shut, according to the website of Dhanlaxmi Bank.
On Labour Day, May 1, banks in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Goa, and West Bengal will be closed, the list added.
Earlier this month, severe cash crunch was reported in some parts of the country. ATMs in Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana went dry. The Reserve Bank of India (RBI) then asked banks with surplus cash to help other banks facing a paucity of funds.
Source by www.ndtv..