City
Epaper

Banks to be closed only for two days during Diwali

By Lokmat English Desk | Published: October 26, 2021 6:05 PM

Officials scrap rumours circulating on social media about banks being closed for four to six daysAurangabad, Oct 26:...

Open in App

Officials scrap rumours circulating on social media about banks being closed for four to six days

Aurangabad, Oct 26:

Scrapping rumours circulating on social media about banks being closed for four consecutive days, officials informed that banks will be closed for only two days in a row this Diwali. Banks will be closed only on November 4 and Lakshmi Pujan on November 5.

As November 6 is the first Saturday of the month, banks will continue to operate, while Sunday will fall on November 7. State Bank of India official Jagdish Singh informed that banks have only two consecutive days off for customers. But there were fake messages circulating on social media about banks being closed for consecutive four to six days. Customers must not believe such messages.

There is a huge turnover on Diwali and traders have to plan accordingly if there are bank holidays. However, the rumours circulating on social media had caused panic among the traders. Thus banks have issued a clarification stating that banks will be closed only for two days. With so many online payment options available to the consumer today, at least 70 per cent of money is deposited directly into the bank account of traders.

Can use online mode, apps

There are many options available online to the customers and traders. Cheques can be deposited at CDMs. In addition, transactions like online banking, RTGS, IMPS can be done from mobile phones. After shopping, it has become easier to pay bills in a few seconds through credit, debit cards and various online transaction apps. Banks have taken precaution that cash is available in ATMs on holidays.

Tags: State Bank Of IndiaRtgsBank branchesIndia servicesIcici groupNational payment corporation of indiaGoogle research indiaState for educationOperations research groupGovernment of india and reserve bank
Open in App

Related Stories

NationalState Bank of India Raises Fixed Deposit Rates by Up to 75 bps

NationalSBI Net Banking, UPI and YONO Services Temporarily Down Today for Annual Closing Activity; Details Inside

NationalDebit Card Fees: SBI Announces Revised Annual Maintenance Charges for Debit Cards, Starting April 1st

BusinessMaharashtra, Uttar Pradesh Spearhead India’s Post-Pandemic Growth: SBI Report

BusinessMarch 31st Deadline Alert: Complete PPF, Sukanya Samriddhi KYC, and More Financial Tasks to Avoid Losses

Aurangabad Realted Stories

AurangabadMHT-CET 2024 result

Aurangabad40 students lose opportunity of UPSC prelim due to wrong Google location

AurangabadSchool girl becomes pregnant due to harassment

AurangabadShyamal Ambekar passes away

AurangabadKhaire-Danve comes together after 10 days of election result