Thursday 25th, April 2024
canara news

Banks to remain closed for up to 4-days from Thursday

Published On : 21 Mar 2016


New Delhi, Mar 21 (PTI) Customers will not be able to conduct transactions in banks for 4 days in a row as they will be closed from Thursday in many states.

However, according to officials, banks will try to ensure that ATMs remain operational during these holidays.

Thursday will be a holiday for celebrating the Holi festival, followed by Good Friday and the weekend.

Banks are closed on second and fourth Saturdays every month. Hence, 4 continuous offs for bank employees in several states.

In states like Tamil Nadu, Kerala and Karnataka, however, there will not be a holiday on Holi, as per the IBA website.

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.

Meanwhile, IDBI Bank said: "A section of employees of the Bank have served a Notice of Strike from March 28, 2016 to March 31, 2016. If the strike materializes, normal Banking Services may be affected. In order to minimize the inconvenience to customers, the Bank has decided to keep all its offices open on March 26, 2016 (Saturday)."

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.







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.