For 4-day bank holiday, ATM loading limit raised by 50%
The extended, four-day weekend from March 24 to 27 is not all good news. This means people will not be able to conduct bank transactions from Thursday, though online transactions will be possible. However, officials from various banks in Chandigarh have assured that ATMs will remain fully filled with cash.punjab Updated: Mar 24, 2016 00:57 IST
In view of the four-day holiday starting from Thursday, banks in Chandigarh and its satellite towns have decided to raise the storage limit at an ATM from Rs 10 lakh to Rs 15 lakh. Central Bank of India spokesperson ML Chawla also claimed that if the ATMs ran out of cash, arrangements had been put in place for reloading the machines.
Vacation plans and leisurely days aside, the extended, four-day weekend from March 24 to 27 is not all good news. This means people will not be able to conduct bank transactions from Thursday, though online transactions will be possible.
It’s Holi on Thursday, followed by Good Friday, the fourth Saturday of the month that’s off for banks, and then Sunday. Though talks are on in some banks to cancel the holiday on Saturday, the final decision has not been taken yet. The four days off become more significant as this is the end of the financial year and most businesses are winding up their accounts.
“We will ensure that ATMs are refilled by the agencies on time during holidays and general public does not suffer. We have provided extra cash to the outsourcing agency,” said an official from Bank of India (BOI). Another official from Central Bank too said the same thing. He informed that talks are on to cancel the Saturday off. Another official from the State Bank of India (SBI) said, “In a day or two, we will know if banks will be open on Saturday.”