Several Bank holidays in one go in next 12 days could affect economy of the country.

GG News Bureau
New Delhi, 9th July. The coming 12 days will be difficult for the people who deal with the bank transaction as most of the holidays are following on these days across the states of the country. The banks will remain closed from Saturday in respective states due to holidays of both national and state level and this could affect the cash flow of the people who need the money at daily level.
In addition, a total of 9 days of festivals are being celebrated from Monday to next Saturday due to which banks will remain closed. However, there is no holiday on July 15.
On July 12th Monday it is a holiday at Kang (Rajasthan) due to local festival and Bhubaneswar and Imphal will celebrate Rath yatra. On 13th July Monday Bhanu Jayanti will be celebrated along with Shaheed Divas in Sikkim and Jammu and Kashmir.
The Rath Yatra in Bhubaneswar and Imphal will be celebrated on 14th July. Drukpa Tshechi festival will be celebrated in Gangtok Sikkim. On July 16th Thursday, Harela Puja will be observed in Dehradun Uttarakhand. On July 17th Kharchi Puja will be observed in Agartala and Shillong and July 18th will be Sunday. On July 19th festival Guru Rimpoche’s Thungkar Tshechu will be observed in Gangtok. On July 20th or 21st as per the religious calendar Eid al-Adha or Bakrid will be observed across the country.
The account holders are advised to know about the details of the holidays and on which days the banks will remain open. Being second Saturday banks will remain closed on 10th July. On 11th and 18th July being Sunday there will be no work on Sunday. According to RBI, bank holidays are fixed according to different states, so banks will not function only in states where holidays have been declared as per the state government guidelines. However, in some states the banking could remain open thus providing some relief to the bank clients.
The people planning long holiday in other states should decide accordingly as the ATM in the tourist destination could be impacted due to the large number of withdrawals and would be replenished only on working days. Several holidays spanning over a period of more than a week in the month of July is likely to experience the use of net banking and other online means increase during this period. The employees who receive salary during this period could have to wait a day or so longer due to the number of holidays falling in this period.

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