Banks to remain close for 4-straight days

Hyderabad People visiting banks must know that the institutions will be closed for four days starting from today for various festive occasions, which also include the second Saturday and Sunday. So, if you want to visit your bank branch, you will have to postpone it for next week.

The banks will be closed in Gangtok on September 9 and 10 on account of Teej (Haritalika) and Indrajatra respectively. The major holiday of the month is Ganesh Chaturthi on September 10. On this day, banks will remain closed in Ahmedabad, Belapur, Bengaluru, Bhubaneswar, Chennai, Hyderabad, Mumbai, Nagpur and Panaji.

However, the banks will remain close on the second day of Ganesh Chaturthi as it falls on the second Saturday and the next day is Sunday which is a week off.

All banks remain shut on public holidays while certain holidays vary from State to State. According to the Reserve Bank of India (RBI) holiday calendar, banks will remain closed for a total of 12 days in September. This also includes the second, fourth Saturdays, and Sundays. The central bank has placed the holidays under three brackets that is Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks' Closing of Accounts.