Bank Holiday Cancelled: Big News! Banks will remain open even on Saturday-Sunday, stock market will remain closed for so many days

Bank Holiday Cancelled: There will be no buying and selling within the share market from this Friday to Sunday. Whereas, banks will remain open throughout the nation on this Saturday, March 30 and Sunday, March 31. However, there’s a financial institution vacation on Friday, March 29 on the event of Good Friday.

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Bank Holiday Cancelled: Banks will remain open throughout the nation this Saturday and Sunday. However, there’s a financial institution vacation on Friday, March 29 on the event of Good Friday. On the opposite hand, there will be no buying and selling within the stock market from this Friday to Sunday. The market stays closed on Saturday and Sunday.

In truth, the Reserve Bank has ordered to maintain all financial institution branches open on March 30 and 31 for the comfort of taxpayers. Recently, RBI has stated in a press release that digital transactions will be achieved until the stipulated time even after March 30 and March 31 being Saturday and Sunday.

According to RBI, any transaction by way of the nationwide NIFT and RTGS system will proceed until 12 midnight on March 31, 2024. Necessary preparations have additionally been made to conduct clearing operations to facilitate authorities receipts and funds, it stated.

There will be particular clearing for authorities checks in these two days on March 30 and 31, 2024. The reporting window of March 31 in respect of reporting of transactions by the Central and State Governments to the RBI will remain open until 12 midday on April 1. , 2024.

Bank Holiday in April 2024: When will banks remain closed in April?

Banks throughout India in April will remain closed on the event of varied festivals together with Gudi Padwa, Eid-ul-Fitr, Bohag Bihu, Ram Navami, Baisakhi and others. Let us let you know that the whole variety of holidays stays equal in the whole nation. Some particular holidays might differ relying on the state or area.

Banks will remain closed on these events

1 April: Banks closed for closing of annual accounts.
5 April: Birthday of Babu Jagjivan Ram/Jumaat-ul-Vida
9 April: Gudi Padwa/Ugadi Festival/Telugu New Year Day/Sajibu Nongmapanba (Cheiraoba)/First Navratri
10 April: Ramzan-Eid (Eid-ul-Fitr) 11 April: Ramzan-Eid (Eid-ul-Fitr)
13 April: Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival
15 April: Bohag Bihu/Himachal Day 17 April: Shri Ram Navami (Chaite Dasain)
20 April: Garia Puja
Apart from the listed holidays, banks will additionally remain closed on weekends as per holidays underneath Negotiable Instruments Act. these days are like this

seventh April: Sunday

13 April: Second Saturday (Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival)
14 April: Sunday
April 21: Sunday
April 27: Fourth Saturday
28 April: Sunday

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