Three-day Bank holiday makes people jittery, IBA asks customers to wrap up banking on Friday

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New Delhi: Commercial banks will remain closed for three days beginning March 11 to March 13. In view of the three-day Bank holiday, the Indian Banks’ Association has appealed to all Bank customers to complete the necessary banking transactions on Friday i.e. March 10, 2017. Automated Teller Machines (ATMs), however, will be functional all the days. The long weekend has started giving anxious moments to the people still reeling under cash crunch. The Indian Banks’ Association said several parts of the country will be having three consecutive bank holidays from Saturday to Monday. March 11 being 2nd Saturday, March 12 being a Sunday while March 13 being Holi.
“Several parts of the country will be having three consecutive bank holidays from Saturday to Monday i.e 11-13 March 2017 (2nd Saturday, Sunday & Holi). In view of above The Indian Banks’ Association appeals to all bank customers to complete the necessary banking transactions on Friday (i. e on 10th March 2017),” the Indian Banks’ Association said in a release on Thursday.
People who have any banking transaction that requires going to the branch, it is advisable that they do it before the long weekend starts tomorrow. Individuals are advised to use internet banking facility for any transactions. Funds can be transferred any day, anytime using Immediate Payment System (IMPS). People who have not activated the internet banking facility can visit their branches, their primary sources for banking transactions.
Customers can avail cash from ATMs to meet their daily needs but the ATMs too would be queued up. It is advisable for people to opt for online transactions as it would save time, energy and would be easy for people if they are planning to spend their long weekend outdoors. Meanwhile, 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.

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