New Delhi: Bank branches in Karnataka will remain closed on account of Akshaya Tritiya and Basava Jayanti, while for other states it will be a normal working day today (April 30).
Akshaya Tritiya, variously known as Akti or Akha Teej or Akshaya Trutiya, is considered to be one of the most auspicious days for Hindus. It falls on the Lunar day of Shukla Paksha in the month of Vaisakha. As the name suggests, Akshaya Tritiya means the ‘third day of unending prosperity’.
Between April 29 and May 1, banks are closed for 3 days, on account of various regional festivities, though not consecutively in all states.
Banks in Himachal Pradesh were closed on account of Parshuram Jayanti.
Banks in Karnataka will be close on account of Basava Jayanti and Akshaya Tritiya on April 30.
Banks will remain closed in Belapur, Bengaluru, Chennai, Guwahati, Andhra Pradesh, Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram.
To enable to Banks to close their yearly accounts/Sarhul: April 1
Babu Jagjivan Ram’s Birthday: April 5
Mahavir Janmakalyanak/Mahavir Jayanti: April 10
Dr. Babasaheb Ambedkar Jayanti/Vishu/Biju/Buisu Festival/Maha Vishuva Sankranti/Tamil New Year’s Day/Bohag Bihu/Cheiraoba: April 14
Bengali New Year’s Day/Himachal Day/Bohag Bihu: April 15
Bohag Bihu: April 16
Good Friday: April 18
Garia Puja: April 21
Bhagvan Shri Parshuram Jayanti: April 29
Basava Jayanti/Akshaya Tritiya: April 30
Furthermore, you must note that the banks will NOT be closed for all the days consecutively in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. For instance banks will be closed for Bohag Bihu in Assam, but in other states it will NOT be closed for the same reason.
Reserve Bank of India places its Holidays under three brackets –Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
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