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:
||Indian Overseas 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
|Central Bank of India
||Union Bank of India
||United Bank of India
Private Sector Banks in India List:
||Jammu and Kashmir Bank
||Janalakshmi Small Finance Bank
|Catholic Syrian Bank
||Karur Vysya Bank
|City Union Bank
||Kotak Mahindra Bank
||Lakshmi Vilas Bank
||South Indian Bank
||Tamilnad Mercantile Bank Limited