News Details- (Get Professional Updates on Whatsapp, Msg on
8285393786) More
News
Banks to remain closed for up to 4-days from Thursday
PrintCustomers will not be able to conduct transactions in banks for 4 days in a row as they will be closed from Thursday in many states.
However, according to officials, banks will try to ensure that ATMs remain operational during these holidays.
Thursday will be a holiday for celebrating the Holi festival, followed by Good Friday and the weekend.
Banks are closed on second and fourth Saturdays every month. Hence, 4 continuous offs for bank employees in several states.
In states like Tamil Nadu, Kerala and Karnataka, however, there will not be a holiday on Holi, as per the IBA website.
Banks are trying to ensure that ATMs remain operational during these days so that people don't have any cash problem, a senior public sector bank official said.
They are trying to put higher denomination notes in ATM machines to ensure meeting the cash demand, the official added.
Meanwhile, IDBI Bank said: "A section of employees of the Bank have served a Notice of Strike from March 28, 2016 to March 31, 2016. If the strike materializes, normal Banking Services may be affected. In order to minimize the inconvenience to customers, the Bank has decided to keep all its offices open on March 26, 2016 (Saturday)."
The staffers, belonging to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), have given the strike call to protest against the government move to privatise IDBI Bank.
The government owns around 80 per cent stake in the bank.
In Budget 2016-17, Finance Minister Arun Jaitley had said the government was open to bringing down its stake in IDBI Bank to below 50 per cent.
However, according to officials, banks will try to ensure that ATMs remain operational during these holidays.
Thursday will be a holiday for celebrating the Holi festival, followed by Good Friday and the weekend.
Banks are closed on second and fourth Saturdays every month. Hence, 4 continuous offs for bank employees in several states.
In states like Tamil Nadu, Kerala and Karnataka, however, there will not be a holiday on Holi, as per the IBA website.
Banks are trying to ensure that ATMs remain operational during these days so that people don't have any cash problem, a senior public sector bank official said.
They are trying to put higher denomination notes in ATM machines to ensure meeting the cash demand, the official added.
Meanwhile, IDBI Bank said: "A section of employees of the Bank have served a Notice of Strike from March 28, 2016 to March 31, 2016. If the strike materializes, normal Banking Services may be affected. In order to minimize the inconvenience to customers, the Bank has decided to keep all its offices open on March 26, 2016 (Saturday)."
The staffers, belonging to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), have given the strike call to protest against the government move to privatise IDBI Bank.
The government owns around 80 per cent stake in the bank.
In Budget 2016-17, Finance Minister Arun Jaitley had said the government was open to bringing down its stake in IDBI Bank to below 50 per cent.
Category : Banking | Comments : 2 | Hits : 1019
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
Search News
News By Categories More Categories
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Comments
CA.Sanjeev Singhal
23-Mar-2016 , 03:08:54 pmit is open on Friday as enquired from HDFC.
CA.Subhash Chandra Podder
23-Mar-2016 , 05:27:00 pmWe at the mercy of Bank employees .