Holidays! Remember your financial operation at Banks will not happen for another two days

Indians would not be able to carry out their financial operations in banks for another two day due to back-to-back festivals. The banks will be closed on April 30 as the citizen will celebrate Buddha Purnima, followed by another holiday on May 01 which comes as an International Workers Day or Labour Day. Also it needs to be noted that, Maharashtrians will also have a state holiday on May 01 as the day is considered to be important for the state and is commonly called as Maharashtra Diwas.

With this, the banking system in India has been closed for four days, among which April 28 came in as fourth saturday of the month where banks have their holiday, and April 29 being on Sunday.

It needs to be noted that holidays for Saturday, Sunday and Monday are given for sure, however, the Tuesday is negotiable depending upon bank’s system.

However, need not worry ATMs will be running as usual during this long weekend.

Interestingly, considering India currently faces cash crunch, whether ATMs will be successfully operational that is also another challenge.

There has been an unusual spike in cash demand at the ATMs in many parts of India, despite the currency reaching levels during pre-demonetisation period.

The finance ministry has asked the I-T department to probe all the large withdrawals made in the past three months. Cash crunch has been reported in several states including Karnataka, Telangana, Andhra Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Madhya Pradesh.