ATM’s & Banks to be closed for 4 Days due to long vacations & Holidays: Well, as per the reports, the upcoming weekend is going to be the long off for the banks and ATMs, which means that if you are looking for the financial transaction through a bank then you need to do it before Thursday. As per the reports, at least for the 4 days, the banks are going to be off as well as all ATMs. The banks will be closed from March 29 on account of Mahaveer Jayanti followed by a holiday on Good Friday. However, Saturday would be working day for all banks.
Also, the Easter weekend is ahead which the reason of Bank off in other countries is and on April 2, banks will be closed again and this time for the reason of annual closing as the new fiscal would start. As the banks will be closed, high possibilities remain that many ATMs will dry up soon with no money left for the needy. Overall, if you are looking for the transition then you should need to it today or tomorrow.
In the meantime, former NITI Aayo vice chairman Arvind Panagariya has raised the issue of privatization of public sector banks with the exception of SBI. Also, he added that any political party that wants to form a government in 2019 polls seriously should include the proposal in their manifesto.
Also, he said, “I firmly believe that privatization of all PSBs except perhaps the State Bank of India should be on the election manifestos of all parties who wish to present themselves as serious candidates to form the government in 2019.” The economist also argued that efficiency and productivity to demand that the government relinquish all its control of a huge number of banks whose market valuation is not up to the mark.