1. Banks to see long weekend from Thursday, plan your transactions

Banks to see long weekend from Thursday, plan your transactions

Banks are closed on Thursday for Holi festival, followed by Good Friday. They are also closed on fourth Saturday, according to recent RBI norm.

By: | New Delhi | Updated: March 21, 2016 5:50 PM
Bank holidays Banks are closed on Thursday for Holi festival, followed by Good Friday. Banks are also closed on fourth Saturday, according to recent RBI norm. (Photo: Reuters)

If you have any banking transaction that requires you to go to the branch, then better do it before the long weekend starting Thursday. However, for people of Uttar Pradesh, the bank holidays will start from Wednesday.

Banks are closed on Thursday for celebrating the Holi festival, followed by Good Friday. Banks are also closed on second and fourth Saturday, according to recent RBI norm.

However, customers can avail cash from ATMs to meet their daily needs.

Banks are trying to ensure that ATMs remain operational during these days so that people don’t have any cash problem, a senior public sector bank official said.

They are trying to put higher denomination notes in ATM machines to ensure meeting the cash demand, the official added.

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

The staffers, belonging to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), have given the strike call to protest against the government move to privatise IDBI Bank.

The government owns around 80 per cent stake in the bank. In Budget 2016-17, Finance Minister Arun Jaitley had said the government was open to bringing down its stake in IDBI Bank to below 50 per cent.

With inputs from agencies

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