According to the reports, banks will be closed from Friday, December 21 to Wednesday, December 26 in the wake of strikes and holidays.
Hence, the general public is advised to complete their bank work before the stipulated date.
According to sources, starting December 21, there is a possibility that public sector banks may remain closed for as long as five days, i.e. December 26.
Banks would be closed on Friday, December 21, on account of a strike called by the All India Bank Officers Confederation (AIBOC). December 22 is the fourth Saturday of the month which is the official off for the banks followed by December 23 which is a Sunday.
However, on Monday, December 24, the banks might provide a small window for carrying out transactions since it is a working day. The next day, December 25, is a holiday on account of Christmas. Then on December 26, the banks will remain closed as the United Forum of Bank Unions (UFBU) has given a call for another strike.
The essence being that banks will remain closed from December 21 to 26, except December 24 and that too with a marginal functioning.
In view of the situation, banks are making arrangements to ensure that customers don’t face any major problems during this period and extra cash is already being dispatched to ATMs to maintain the cash flow.