Business & Investment

Banks will be limited in working days this week due to holidays and closing in March

Banking transactions and functions were affected this week during bank holidays and March closings. Customers may face transactional challenges in the coming days. During the week from March 27th to April 4th, the inter-segment bank branches will function for two days. Working days are only March 30th and April 3rd, of which many bank branches are open for half a day.

Banks nationwide will be closed for three consecutive days on March 27th, 28th and 29th (Holy). The bank has a public holiday on Sunday, March 27th. In addition, there will be a holiday by Hori on March 29th.

After this, the Holi Festival will be extended and the banks will continue to operate on March 30th, except in the Patna Zone.

The service will not be available at bank branches on March 31, the last day of the 2020-2031 fiscal year. The service will not be available at the branch office due to account closure on April 1st.

Besides Holy, there will be a Good Friday holiday on April 2nd as the month changes this week. April 3rd is a business day (half a day at most bank branches) and Sunday makes the next day a bank holiday again.

Due to holidays and closing in March, banking services will only be available at branches on March 30th and April 3rd, and from March 27th to April 4th.
In addition, the Telecom Regulatory Authority of India (TRAI) has released a list of 40 “defaulters” companies that do not meet bulk regulatory standards, allowing large private and public banking customers to also receive OTPs (one-time passwords). Faced with challenges. Commercial message, as reported by the Indian Pretrust.

Customers of banks such as HDFC Bank (HDFC Bank), State Bank of India (SBI) and ICICI Bank may face problems starting next month.

These major units have been informed by TRAI many times about the same thing. These include HDFC Bank, State Bank of India and ICICI Bank.

TRAI has taken a strict stance on this issue, stating that the default unit must meet these rules by March 31, 2021. Otherwise, communication with the customer may be interrupted from April 1, 2021.

“Major unit / telemarketing companies have ample opportunity to meet regulatory requirements,” the regulator said in a statement. “Consumers cannot further deny regulatory interests. Therefore, it has been decided that the system will suspend the message from April 1st if it does not comply with regulatory requirements.” Authorities further asserted.



Banks will be limited in working days this week due to holidays and closing in March

https://www.zeebiz.com/india/news-amid-holidays-and-march-closing-banks-to-have-limited-functioning-days-this-week-153774 Banks will be limited in working days this week due to holidays and closing in March

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