Banks to Remain Closed for 16 Days in January: Changes in Bank Holidays.
Banks to Remain Closed for 16 Days in January: As the year 2023 comes to an end, and the new year 2024 is about to begin, a total of 16 days of holidays have been scheduled for banks in various states and cities during the first month. This includes 4 Sundays and 10 additional days at different locations, excluding the second and fourth Saturdays when banking operations will also be suspended.
How to Utilize Bank Holidays: Transactions and Dealings through Online Banking
During these holidays, if you have any essential banking tasks, you can still visit the bank. Alternatively, you can use online banking and ATMs for transactions and other activities. The holidays will not impact these services.
Signing the New Agreement for Bank Lockers
The Reserve Bank of India (RBI) has instructed all banks to have their customers sign new agreements for bank lockers. This task needs to be completed by December 31, 2023. It is crucial to sign the agreement at your bank branch; otherwise, you may face difficulties later.
Trading Holiday in the Stock Market: 9 Days of No Business in January
In January 2024, the stock market will also observe a trading holiday for 9 days. This includes 8 Saturdays and Sundays when trading will not take place, along with an additional closure on January 26th for Republic Day.
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