After the recent cash crunch, brace yourself for another 4-day long weekend starting from April 28, as banks will be closed continuously for 4 days in Mumbai and rest of Maharashtra. People are advised to complete bank-related pending work today.
Although ATMs should be running as usual as banks, it’s better to complete bank-related work today, due to recent cash crunch as well as this being a marriage season. Syndicate Bank official told the Free Press Journal, “The banks will not be operating but ATMs will be functional.” Holidays at a stretch generally impact semi-metros and rural regions. Confirming this, a United Bank of India official said, “Metros do not usually face a cash crunch as ATMs are replenished depending on availability of cash.”
Earlier this month, several states across the country faced a cash crunch in the wake of limited liquidity in the system and high withdrawals.
The banks will remain closed on the following four days:
Saturday, April 28: Fourth Saturday of the month
Sunday, April 29: Regular holiday
Monday, April 30: Buddha Purnima
Tuesday, May 1: Maharashtra Day