Banks will Not Have Holidays For Five Days March / April 2018

Banks will Not Have Holidays For Five Days March / April 2018:

The latest news that spread in some media reports and social media posts claim that all the Banks in India across all the states will remain closed for five consecutive days starting from 29th March 2018, Thursday to 2nd April 2018, Monday.

The real news is that the banks will be shut down for 2 days on 29th March 2018, Thursday and 30th March 2018, Friday for Mahavir Jayanti and Good Friday respectively.

31st March 2018, Saturday will be the 5th Saturday of March 2018 and hence no holiday on that since the Banks will be closed only on 2nd and 4th Saturdays of every month.

Like wise 1st April 2018, Sunday also will be regular holidays because it is Sunday and no Banks will be opened on Sundays for transactions in India.

On 2nd April 2018 banks will remain opened but no transaction will be happened since the annual closing of accounts process to be happened.

Also majority of Banks in India have outsourced the ATM management to third parties and ATM cash management is no longer dependent on the concerned banks.

Public Sector Banks in India List:

Allahabad Bank Indian Overseas Bank
Andhra Bank Oriental Bank of Commerce
Bank of Baroda Punjab and Sind Bank
Bank of India Punjab National Bank
Bank of Maharashtra State Bank of India
Canara Bank Syndicate Bank
Central Bank of India UCO Bank
Corporation Bank Union Bank of India
Dena Bank United Bank of India
IDBI Bank Vijaya Bank
Indian Bank

Private Sector Banks in India List:

Axis Bank Jammu and Kashmir Bank
Bandhan Bank Janalakshmi Small Finance Bank
Bank Karnataka Bank
Catholic Syrian Bank Karur Vysya Bank
City Union Bank Kotak Mahindra Bank
DCB Bank Lakshmi Vilas Bank
Federal Bank Nainital Bank
HDFC Bank RBL Bank
ICICI Bank South Indian Bank
IDFC Bank Tamilnad Mercantile Bank Limited
IndusInd Bank YES Bank

 



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