In response to the messages on social media that banks would remain closed from March 28 to April 5, bankers have made it clear that the feeds do not hold good for AP.
The banks here will remain closed only on April 1 and 3, apart from March 29 and April 5 which are Sundays. The banks will remain closed on April 1 owing to the annual closing and on April 3 on account of Good Friday, according to Vijayawada Bank Employees Coordination Committee Secretary K. Nagesh Kumar.
Mr. Kumar said that banks would function on March 30 and 31 as usual. “The Reserve Bank of India (RBI) has directed that all banks dealing with government transactions should function on March 30 and 31. So, the question of closing down does not arise,” he said.
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He said that holidays for banks would not be uniform across the country as respective State governments declared holidays under the Negotiable Instruments (NI) Act.
“The government has not declared holiday on Sri Rama Navami and Mahavir Jayanti (April 2) ,” he said. The annual closing has been changed to April 1, from March 31. “The talk is that banks will remain closed for two days, which is not true,” said bankers.
Referring to the ATMs, Mr. Kumar said: “All ATMs will remain operational, with the usual replenishment of cash. So, there should not be any problem.
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