The Karnataka government has declared Thursday as a holiday for banks on the occasion of Kanaka Jayanti. The banks in the state will be shut for the first time after Prime Minister Modi's government announced the currency ban on November 8.


Post offices and ATMs will be open on Thursday. But due to the rush, there might be cash crunch. People can visit post offices to exchange their demonetised notes as usual.


The Centre had banned the currency notes of ₹500 and ₹1000 denominations from midnight of November 8, leading to a massive shortage of cash across the country.