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Bank Holiday: Four-day bank holiday begins on Thursday: All you need to know

Bank Holiday: Four-day bank holiday begins on Thursday: All you need to know

The four-day long weekend bank holiday is beginning from this week means you will not be able to make bank transactions from Thursday as banks will stay closed.

Bank Holiday: Four-day bank holiday begins on Thursday: All you need to know

However, online transactions will be possible. For people in U.P, banks will shut down from Wednesday onwards.

Lenders, however, insured that ATMs would be fully loaded to meet cash needs.

Banks will be closed for four consecutive days in a row given the coming successive festivals. The holiday weekend begins with Holi on Thursday, followed by Good Friday and then the fourth Saturday of the month, a directed bank holiday.

Banks said that they will try to ensure that all ATMs remained working and loaded during these days so that people do not face a cash hoof during the extended weekend, a senior public sector bank official said, adding that higher denomination notes would be fed into the machines.

IDBI Bank may be closed for an extra day if the strike call was given by a section of the officers, staffs and employees on March 28 (Monday) emerges.

People, however, can avoid a situation by opting for online or card payments as much as possible.

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%.

The staffs, 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.

 

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