Alert! Banks to remain closed for 4 straight days from tomorrow; ATMs likely to run out of cash

August 12 (second Saturday)

-August 13 (Sunday)

-August 14 (Monday) -Janmashtami

-August 15 (Tuesday) – Independence Day

on 14th Aug – Janamashtmi is a Public holiday in Andhra Pradesh, Bihar, Chandigarh, Jharkhand, MP, Nagaland, Odisha, Sikkim, Tamil Naidu, Telangana, Tripura & Uttrakhand.

On 15th Aug – Chattisgarh, Gujarat, Haryana, Himachal Pradesh, Jammu &Kashmir, Rajasthan, Punjab, Uttar Pradesh.

Owing to this long closure, banking services will affect business transactions. While the banking activities will come to a halt, ATM holders will have to suffer the most since ATMs are expected to run out of cash.

Though almost all the banks have privatised cash loading in ATMs and so they have to plan stocking of cash carefully, owing to the long holidays, there could be problems of cash starvation.

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