The month of March is coming to an end now. So there’s one question on everyone’s mind – will banks remain closed this Friday due to Good Friday? Let’s discuss this today.
Good Friday Festival on Friday
Yes, this Friday, i.e. 29th date, is the Good Friday festival. This is a very important day in Christianity. On this day, it is remembered how Lord Jesus Christ was made to suffer. Therefore, on this special day, all banks will remain closed.
No transactions will take place, nor will any bank counters be open. If anyone needs to visit the bank, they should postpone their work. Celebrate Good Friday from home itself.
But there’s no need to worry, because the banks will remain open the next day, Saturday, and then on Sunday as well.
Banks to Remain Open on Saturday and Sunday
Yes, you heard it right. According to the new rules of the RBI (Reserve Bank of India), all banks will remain open even on Saturday and Sunday this week, i.e. 30th and 31st.
So if anyone has any urgent bank-related work, they can complete it on these two days. Whether it’s withdrawing cash, depositing a check, taking a loan, or any other account-related task.
Just one thing to keep in mind – banks will be open for a shorter duration on Saturdays and Sundays. Usually, they operate for only 4 hours or even less on these days. So it’s better to complete your work quickly.
End of Financial Year
There’s another reason why banks will remain open – 31st March marks the end of the financial year 2023-24. On this day, many people have tasks like closing their accounts or making entries in them.
That’s why the government has instructed that all public sector banks and their branches will remain open on 31st March, so that people can easily complete their work.
Moreover, 31st March falls on a Sunday, a day when banks usually remain closed. But this time, it’s a special situation, so banks will have to remain open.
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Stock Markets Also Closed
Just like banks, the stock markets will also remain closed on Friday. Good Friday will be a holiday here as well. This means there will be no trading activity in the stock markets.
No shares can be bought or sold. The brokers and their offices in the stock markets will also remain shut. There will also be no transactions in the money markets.
So trading in the stock markets will completely halt – on Friday due to Good Friday, on Saturday due to the weekly off, and on Sunday, the regular weekend holiday.
This means operations in the stock markets will be shut for three days. Trading will resume only on Monday.
How to Do Online Transactions
Since banks will be closed on Friday, anyone with an emergency and needing to transfer money or conduct a transaction can use online facilities.
You can easily carry out your work through digital modes like net banking, mobile banking, and UPI. There will be no interruption in these as they operate 24/7.
Just be a little careful while using these. Proceed only after confirming the transaction details and do not enter incorrect information.
So friends, now you know that banks will remain closed on Friday due to Good Friday but will be open on Saturday and Sunday. If you have urgent work, get it done on these days. But relax at home on Friday. Be cautious and do not postpone your important tasks.
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