Picture for Representation
Picture for Representation

The public sector and private banks in India will be closed for at least 12 days in April, with more days in some of the states, as per a holiday calendar list released by the Reserve Bank of India (RBI).
The account holders, however, can do transactions online through mobile and internet banking or through the ATMs. The RBI has asked the banks to keep their ATMs open and refurbish them with currency to ensure the customers are not inconvenienced.

The banks will be shut on April 1 because of the yearly closure of account. The next day is also a holiday because of Good Friday on April 2. Other holidays in the month are April 6 on account of Mahavir Jayanti, on April 13 on account of Gudi Padwa/Baisakhi, first Navratra, on April 14 on account of Dr Balasaheb Amedkar Jayanti and other festivals, and on April 21 on account of Ram Navmi.

Besides, banks are also closed on Sundays and second and fourth Saturdays, which means on April 4, 10,11,18,24 and 25.

Local holidays in some states are also accounted for as additional bank holidays like four days in Patna on account of Holi and three days in Guwahati from April 14 to 16. Besides, the polling days in the ongoing Assembly elections will also be bank holidays.

The RBI places the bank holidays in three categories: 1. Under the Negotiable Instrument Act, 2. Real time gross settlement holiday and 3. Banks' closing of account.

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Free Press Journal