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Banking services come to a halt for nine days from March 28

Last Updated 26 March 2015, 17:49 IST

Banks are expected to remain out of reach from March 28 to April 5 on account of public holidays coupled with annual closing of accounts for the financial year.

This is expected to result in a lot disruption in financial transactions like cheque clearances, letters of credit for the exporters and importers, salary payments.

ATM services, however, will not be affected on holidays. March 28 is a holiday on account of Ram Nawami (in some states)followed by Sunday. Banks will, however, remain open on March 30.

March 31 and April 1 are annual closing days for the banks. On April 2, the banks will remain shut on account of Mahavir Jayanti, while April 3 is Good Friday. April 5 is a Saturday when banks work only for a couple of hours.

Industry Body Assocham has urged the Reserve Bank of India and the finance ministry to intervene and ask banks to make some arrangements so check inconvenience caused to customers.

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(Published 26 March 2015, 17:49 IST)

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