A Bunch Of Bank Holidays Ahead: Customers Need To Ensure Adequate Cash In Hand

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In the coming days, some states may witness a series of bank holidays for as many as three consecutive days followed by Saturday and Sunday.

Banks are closed on April 1, 2 and 3. This is followed by a half day on Saturday on April 4 and again a close on April 5.

On April 1, banks are closed on account of annual closing of accounts.  April 2 there is a holiday for Mahavir Jayanti and April 3 is Good Friday, again a bank holiday. Banks will be working Saturday for half a day and Sunday will be as usual closed.

Bank Holidays Ahead: Customers Need To Ensure Adequate Cash In Hand

Bank holidays differ from state to state depending on the culture and trend followed in that particular state. As per Indian Bank Association, the following holidays can be seen in Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh. Check for list of other holidays in Karnataka here.

Individuals who have financial commitments should be ready and one should keep in mind that repeated cash drawal in a single month will attract withdrawal charges from ATMs. So plan your funds and withdraw accordingly.

However, banks will keep ATMs in operation, but one is never sure if the cash will be dispensed from the machine due to a series of holidays.

This is the time to make use of mobile banking and internet banking. One can do various banking activities online, for more information on e-banking click here.


Read more about: banking, sbi
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