Banks ‘closed’ for next four days withdraw cash as ATMs may not be replenished

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Banks to be closed

The Hush Post: Some of the banks may remain closed for 4 consecutive days between April 28 and May 1.

April 28 is the fourth Saturday of the month which means they are closed. The next day happens to be Sunday, while April 30 is a bank holiday on account of Buddha Purnima and many financial institutions remain closed on that day. This will be followed by Labour Day on May  again a shutdown day for many banks.

Due to the cash crunch in the recent times and the extended weekend, one has to keep in mind that ATMs may not be replenished. So if you need any cash in hand, make your withdrawals soon.

Although the cash crunch in recent times was resolved within a few days, after speculations that banks will not operate for five days from March 29 to April 2, the current weekend might lead to a situation somewhat similar.

Also ensure that your bank accounts have enough balance if you have EMIs or other payments that are auto debited from your account. It is also believed that most companies are going to credit salaries of employees on April 27 itself due to banks being closed for four days.

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