Banks To Remain Closed For Four Days
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Do you need to deposit money into someone’s account? Or, are you required to send a Demand Draft to a university? If you failed so, you have to wait until Wednesday before you approach the banks. Yes, all the banks will remain closed for the next four days. Tomorrow being the fourth Saturday, all the banks remain closed followed by Sunday. Adding to this, Monday remains a holiday due to Buddha Purnima, which the RBI considers to be an official holiday.
And what’s more shocking is that the banks will continue to remain closed on Tuesday too, owing to May 1st – Labor Day. There is a slight breather for people on Buddh Purnima day. The banks in Maharashtra, Delhi, West Bengal, Madhya Pradesh, Uttar Pradesh, and Haryana will not function on the Buddha Purnima day, given the Negotiable Instruments Act. The banks will continue to work with the rest of the remaining states in the country.
While, on May 1 (Labor Day), banks might continue to function in other states excluding Andhra Pradesh, Telangana, Kerala, Karnataka, Maharashtra, Tamil Nadu, West Bengal, and Goa. Internet Banking Services and ATM services will remain unaffected.