Bank Operations Likely to be Disrupted for 5 Days Next Week

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    If you have plans to complete any important bank transactions in the coming days, best not to postpone it to next week. Starting 2 September, banking operations are likely to be affected for 4 days.

    Bank Operations Likely to be Disrupted for 5 Days Next Week

    While the 2 September is a Sunday, Monday is a bank holiday on account of Shri Krishna Janmashtami. Tuesday and Wednesday, that is 3 and 4 September will affect major banks as the RBI (Reserve Bank of India) employees are likely to go on mass casual leave for two days.

    A strike has been announced by the United Forum of Reserve Bank Officers and Employees (UFRBOE). The main demands of the forum are providing an option to contributory provident fund (CPF) retainers to switch over to the pension scheme, and grant of an additional provident fund (APF) to those recruited in the bank from 2012.

    It is also advisable to note that though 6 and 7 September are normal working days, they will be followed by two more holidays that is 8 September-the second Saturday of the month and 9 September-Sunday.

    Please note that the RBI employee strike will not mean that the banks are closed but it will disrupt banking operations like ATM cash refilling, deposit in branches, FD (fixed deposit) renewal, government treasury operation, money market operation, etc. 

    Read more about: bank holiday
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more