Bombay: “Shuts down” the banking system from 3/29 to 4/1

Consumers should be “armed” with patience regarding bank transactions in the last days of March. It shuts down the banking system from 3/29 to 4/1. What happens to salary, benefits etc.

See Related: “Banks: They're getting their hands on bad-performing accounts”

Banks have advised people to be cautious especially with loans, installments and due dates.

Banking system: Warning to customers – cause of “handbrake” in transactions

Also, banks have sent a notice to their customers saying, “Due to the Catholic Easter holiday, loan payments and transfers registered on Friday, March 29 and Monday, April 1 will be processed on Tuesday, April 2.” It is considered the next working day”.

Transfers made within the same bank are expected to be processed as usual, but the value date is Tuesday, April 2.

Banking system: What applies to wages

The same reports indicate that Tuesday, April 2, should be entered as the effective date in the payroll file for the payroll to be executed. Also, the Athens Stock Exchange Closed on Friday 29th March and Monday 1st April.

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