In the midst of nationwide lockdown due to the spread of coronavirus, the banks are functional and working with reduced staff. To contain the spread of coronavirus, many banks have reduced or staggered the working hours of the employees to promote social distancing. Private and public banks in India will remain closed for 9 days in April 2020 due to various bank holidays. Apart from the holidays, banks remain shut on second and fourth Saturdays of every month. So, if we add the Saturdays and Sundays too, then the banks will remain closed for total 15 days in April
According to the Reserve Bank of India (RBI) website, bank holidays in April 2020 includes various festivals like Ram Navmi, Mahavir Jayanti, Good Friday, Bihu, Tamil New Year etc. During bank holidays, ATMs may also not disburse cash.
1st April Annual closing of banks
2nd April Ram Navami
6th April Mahavir Jayanti
10th April Good Friday
13th April Biju Festival/Bohag Bihu/Cheiraoba/Baisakhi
14th April Dr. Babasaheb Ambedkar Jayanti/Bengali New Year’s Day/Tamil New Year’s Day/Bohag Bihu/Vishu
15th April Bohag Bihu/Himachal Day
20th April Garia Puja
25th April Bhagvan Shree Parshuram Jayanti
Apart from Sundays, the banks remain closed on second and fourth Saturdays
5th April Sunday
11th April Second Saturday
12th April Sunday
19th April Sunday
25th April Fourth Saturday
26th April Sunday
On 1 April, six public sector banks (PSBs) namely Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank were merged into four bigger lenders with the objective to make them globally competitive. These six lenders were merged with four anchor banks – Punjab National Bank, Canara Bank, Union Bank of India, and Indian Bank.
