No 5-days Long Consecutive Holidays For Banks

The bank holidays in March has been a topic of interest across the social media. There have been reports floating over the internet that banks will remain closed for 5 consecutive days. But this is as true as a rumour only.

March 29 (Thursday) and March 30 (Friday) is bank holiday, but March 31 (Saturday) will be a working day. Then April 2 (Monday) again will be closed on lieu of annual closing of accounts.

D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation refuting rumours told IANS, “The banks will work on March 31 (Saturday) and there is no continuous holidays as per messages in the social media.”

Date Day Holiday
29-Mar-18 Thursday Mahavir Jayanti
30-Mar-18 Friday Good Friday
31-Mar-18 Saturday Working Day
01-Apr-18 Sunday Holiday
02-Apr-18 Monday Annual Closing of Bank Accounts

 

ATMs will work just fine

So far as the rumour about ATMs running dry is concerned, most bank ATMs will work during these days as a majority of banks have outsourced the ATM management to third parties. Therefore, ATM cash management is no longer dependent on the concerned banks.

2018 has 39 bank holidays

The banks this year will have holidays for as many as 39 days. This number excludes the Sundays.

In January & February together, bank holidays numbered 8 days (5 in January and 3 in February).

This month (March), bank holidays falls on Holi (March 2), Mahavir Jayanti (March 29), Good Friday (March 30). Not to miss second and fourth Saturdays and four Sundays.

Mar-02 Friday Holi
Mar-10 Saturday Second Saturday Bank Holiday
Mar-24 Saturday Fourth Saturday Bank Holiday
Mar-29 Thursday Mahavir Jayanti
Mar-30 Friday Good Friday
Apr-14 Saturday Second Saturday Bank Holiday
Apr-28 Saturday Fourth Saturday Bank Holiday
May-12 Saturday Second Saturday Bank Holiday
May-26 Saturday Fourth Saturday Bank Holiday
Jun-09 Saturday Second Saturday Bank Holiday
Jun-23 Saturday Fourth Saturday Bank Holiday
Jul-14 Saturday Second Saturday Bank Holiday
Jul-28 Saturday Fourth Saturday Bank Holiday
Aug-11 Saturday Second Saturday Bank Holiday
Aug-15 Wednesday Independence Day
Aug-22 Wednesday Eid al-Zuha
Aug-25 Saturday Fourth Saturday Bank Holiday
Sep-03 Monday Shri Krishna Janmashtami
Sep-08 Saturday Second Saturday Bank Holiday
Sep-22 Saturday Fourth Saturday Bank Holiday
Oct-02 Tuesday Mahatma Gandhi Jayanti
Oct-13 Saturday Second Saturday Bank Holiday
Oct-19 Friday Durga Puja
Oct-27 Saturday Fourth Saturday Bank Holiday
Nov-07 Wednesday Deepawali
Nov-10 Saturday Second Saturday Bank Holiday
Nov-23 Friday Guru Nanak Jayanti
Nov-24 Saturday Fourth Saturday Bank Holiday
Dec-08 Saturday Second Saturday Bank Holiday
Dec-22 Saturday Fourth Saturday Bank Holiday
Dec-25 Tuesday Christmas

 

Also Read: Schedule & Ticket Details of Kings XI Punjab IPL T-20 2018 Matches in PCA Mohali

Source: Financial Express, Times of India

Image Credits: Google Images

Ratisha: A woman with varied interests, from geeky technology to serene poetry, but with a solitary passion to play with words. Ratisha is educated in sociology, psychology and human rights, that has sensitized her well to talk about all topics of human concern. She has been writing for many nationally and internationally acclaimed e-magazines and news portals including The Huffington Post, (United States) among others. When not writing, she is either found brushing strokes on a canvas or peering through her glasses into a novel.
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