National banks to be non-operational for 11 days in July
Bank employees are all set to go on a stir on July 12, 13 and 29. Apart from their weekly offs and the strike, the month of July also has a national holiday for Ramzan that makes a total of 11 days that the banks will be non -operational.
Â
The bank holidays can leave people with a cash crunch. So it may be better to plan finances and transaction a little ahead for this month.
Â
There can also be a delay in cheque clearance and online clearances. Processes like loan applications, demand drafts and cash deposits might also have to wait.
Â
However, as most banks have outsourced the function of depositing money at ATMs to private organisations, people might not face any difficulty in withdrawing money from ATMs.