Long weekend for banks as holidays start Thursday

Get your banking tasks done before Thursday as banks in your area could remain shut for extended days this week

A long, extended weekend could bring some extra cheer to banking sector staff. And yes, it is indeed happening by the end of the current week. However, for the common man, who rely a lot on travelling to the bank for various transactions, it is going to be a tedious weekend.

Bank employees would be happy that bank holidays starting from Thursday, April 14, would extend up to Sunday, April 17, this week. Various festivals and special occasions fall one after the other starting this Thursday, and that means bank staffers can take out some relaxing time after a tough year-end closing week that had arrived a few days ago.

Though there is a set of holidays one after the other, some of the bank branches would have to see whether the occasion is important in their geography. Significant is the fact that April 2022 has as many as 15 holidays. And among them fur of them fall this week.  This is according to the list of holidays already notified by the Reserve Bank of India (RBI).

Banks get 15 holidays this April

There are as many as 15 bank holidays in April 2022, and four of them are falling this week, as per a list prepared by Reserve Bank of India, or RBI. With seven bank holidays in April being used up, banks will remain closed for eight more days out of the 21 remaining days this month.

If we start counting the holidays starting April 14, all across India except for Meghalaya and Himachal Pradesh, would have a holiday that day. The next day is a bank holiday (April 15), but then Rajasthan, Jammu, and Srinagar don’t fall in the geographies that have this special holiday. On April 16, banks will be closed in Assam for Bohag Bihu and on April 17, all banks will be shut across India as it is a Sunday.

If you are wondering what these holidays are for, it is thus: On April 14, the nation celebrates Dr. Babasaheb Ambedkar Jayanti, Mahavir Jayanti, Baisakhi, Vaisakhi, Tamil New Year’s Day, Cheiraoba, Biju Festival, Bohag Bihu across India except in Meghalaya and Himachal Pradesh. On April 15 falls Good Friday, Bengali New Year’s Day, Himachal Day, Vishu, Bohag Bihu across the nation except for Rajasthan, Jammu, and Srinagar. On April 16 is Bohag Bihu in Assam and also a Saturday, while April 17 is Easter Sunday.

Get your banking jobs done early

These holidays are notified annually by the central bank. While some of the holidays are considered under the Negotiable Instruments Act, some are under Negotiable Instruments Act and Real Time Gross Settlement Holiday. Another category of holidays is classified Banks’ Closing of Accounts’. Depending on the festival or other special occasions in various locations, different branches of banks stay closed. National holidays are the days when all branches remain closed.

This week starting Thursday till Sunday, if you have any banking related to do by visiting your bank branch, it would be best if you could advance them and get it done before the long weekend starts.

Sanjeev Ramachandran

A journalist with 23 years of experience, Sanjeev has worked with reputed media houses such as Business Standard, The Ne More »
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