Four-day bank holiday begins Thursday: All you need to know
Customers won’t be able to conduct bank transactions at branches for 4 days in a row this week as all banks will be closed from Thursday, although the lenders assure that they will fully load ATMs for meeting people’s cash needs.india Updated: Mar 21, 2016 16:23 IST
The four-day long weekend this week means people will not be able to conduct bank transactions from Thursday as even banks will remain closed. However, online transactions will be possible. For people in Uttar Pradesh, banks will shut down from Wednesday onwards.
Banks will be closed for four days in row given the coming successive festivities. The holiday weekend begins with Holi on Thursday, followed by Good Friday and then the fourth Saturday of the month, a designated bank holiday.
Lenders however assured that ATMs would be fully loaded to meet cash needs.
Banks said they would try to ensure that all ATMs remained operational and loaded during these days so that people do not face a cash crunch during the extended weekend, a senior public sector bank official said, adding that higher denomination notes would be fed into the machines.
People however can avoid a predicament by opting for online or card payments as much as possible.
IDBI Bank may be closed for an extra day if the strike call given by a section of its officers and employees on March 28 (Monday) materialises.
The staffers, belonging to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), are protesting the government’s move to privatise the bank.
In the 2016-17 Budget, finance minister Arun Jaitley said the government – which owns around 80% stake in the bank – could bring down its stake to below 50%.