New Delhi: The banking sector will be having a long vacation of four days at a stretch starting from March 24 – March 27 in many parts of the country.
-March 24 (Thursday) – Holi
-March 25 (Friday) – Good Friday
-March 26 ( Saturday) – (Second and fourth Saturdays of a month are holidays)
-March 27 (Sunday)
The closure of banks will effect the business transactions. All the banking activities will come to a halt, ATM holders will have to suffer the most since ATMs are expected to run out of cut.
Though almost all the banks have privatised cash loading in ATMs and so they have to plan stocking of cash carefully, owing to the long holidays, there could be problems of cash starvation.
