Attention! Banks to Remain Closed for 4 Consecutive Days in March

Bank Unions have called for a two-day strike to begin on March 15 to oppose the planned bank privatization of two state-owned lenders by the government. Nirmala Sitharaman, the Finance Minister, declared the privatization of two more PSBs in the Union Budget 2021.

It should be noted, that bank holidays differ by state and are not always followed by all banks. Banking holidays are often focused on state-specific festivals or notifications of specific events.

On March 15 (Monday) and March 16 (Tuesday), banks will be closed for a two-day strike, regardless of the fact that March 13 is a second Saturday and March 14 is a Sunday. To summarise, banks will be closed for four consecutive days.

As a result, everyone can experience difficulties withdrawing money from ATMs and Bank Branches. However, if one has access to internet banking and mobile banking there will be no difference. But individuals who run business and need to visit bank or ATM on daily basis will be hit badly.

The Bank of Maharashtra has told its customers that regular branch operations are likely to be disrupted during the planned two-day bank strike.

It should be noted, that bank holidays differ by state and are not always followed by all banks. Banking holidays are often focused on state-specific festivals or notifications of specific events.

Several bank unions have called for a nationwide bank strike on March 15 and 16 to protest the government's planned privatization of two state-owned lenders.
Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers' Association (AIBOA) and Bank Employees Confederation of India (BEFI).

If you are a traditional bank customer, it is time for you to activate net banking and mobile banking and enjoy the various banking transactions hassle-free without visiting the bank.

GoodReturns.in