INSUBCONTINENT EXCLUSIVE:
However, not all banks in all the states will be shut on Monday and Tuesday.
Even as many people may be
planning to go on long holidays for the extended weekend with effect from Saturday, April 28, they should ensure that they have enough of
cash at their disposal or complete their required banking transactions
Banks in some states will be shut from Saturday till Tuesday
Customers should check with their banks on the days it will remain closed
Banks will take steps to keep ATMs replenished, a banker said
Sunday falls on April 29 while Monday is Buddha Purnima and Tuesday is Labour Day.However, not all banks in all the states will be shut on
Banking holidays are decided according to the Negotiable Instruments Act.On Buddha Purnima, April 29, banks in Maharashtra, Delhi, West
Bengal, Madhya Pradesh, Uttar Pradesh and Haryana will be shut, according to the website of Dhanlaxmi Bank.On Labour Day, May 1, banks in
Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Goa, and West Bengal will be closed, the list added.Earlier this
month, severe cash crunch was reported in some parts of the country
ATMs in Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana went dry
The Reserve Bank of India (RBI) then asked banks with surplus cash to help other banks facing a paucity of funds.
