Majority of banks will remain closed for four consecutive days beginning from April 28.
A temporary crisis of money in ATMs is also likely to resurge as ATMs will also not be refilled during the period.With April 28 being the fourth Saturday of the month, banks across the country will not operate. The following day is Sunday, while April 30 is a bank holiday on account of Buddha Purnima and many financial institutions will remain closed.
This will be followed by Labour Day on May 1, wherein many banks would remain closed. Although the recent cash crunch was resolved within a few days, after it was speculated that banks would not operate for five days from March 29 to April 2, the current weekend could lead to a similar situation. UNI