Kolkata: If you have some work to do by visiting the branch of any bank, watch out for a possible stretch of holiday. Banks in the country can remain closed for three days on the trot — April 29, 30 and May 1. The banks can be closed for business on occasion of Bhagvan Shri Parshuram Jayanti, Basava Jayanti, Akshaya Tritya, Maharashtra Day and Labour Day.
The point to note is that the holidays might differ from state to state. Those who need to visit the bank should do well to check the list of holidays in their own states. Each bank would have the list of holidays on their portal. Holidays for all banks in India are decided by the Reserve Bank of India. Apart from every Sunday, banks are closed for business every second and fourth Saturday of each month. It should be noted that RBI categorises bank holidays into three types. These are those under Negotiable Instruments Act, under Real-Time Gross Settlement (RTGS) holidays and for closing of accounts.
April 29, 30 holidays
According to the RBI schedule, banks in Shimla, Himachal Pradesh will be closed on April 29 to observe Bhagvan Shri Parshuram Jayanti, which marks the birth of Lord Parshuram. April 30 will be observed as holiday on account of Basava Jayanti and Akshaya Tritya. Basava Jayanti is to celebrate the birth anniversary of 12th-century philosopher and social reformer Basavanna and banks in Bengaluru will remain closed since this day is primarily celebrated in Karnataka. It is n occasion to remember Basavanna’s teachings such as gender equality, social reforms and an end to social discrimination. On the other hand Akshay Tritya is an occasion to mark prosperity and good fortune and many believe that investments made on this day could pave the way for financial stability.
May Day, Maharashtra Day
May 1 is the day when Labour Day is celebrated in India as well as across the world to reinforce the rights of workers. This is also Maharashtra Day and Gujarat Day. Banks in several states such as Maharashtra, Karnataka, West Bengal, Bihar will remain closed for business.
Banks in India will be closed for business for three days between April 29 and May 1, though different states have their own calendar which differ from each other. The occasions are Bhagvan Shri Parshuram Jayanti, Basava Jayanti, Akshaya Tritya, Maharashtra Day and Labour Day. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
