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Demonetisation vows: Banks in several states to remain closed on November 14, ATMs will function

Adding To The Vows Of Public After Demonetisation Of 86 Per Cent Of Indian Currency, Banks In Several Indian States Will Remain Shut On The Occasion Of Gurupurab, A Bank Holiday In Accordance With The Reserve Bank Of India's Annual Calendar.

News Nation Bureau | Edited By : Arshi Aggarwal | Updated on: 14 Nov 2016, 07:49:30 AM
Banks to remain closed on account of Gurupurab on Monday (Newsnation Image)

New Delhi:

Adding to the vows of public after demonetisation of 86 per cent of Indian currency, banks in several Indian states will remain shut on the occasion of Gurupurab, a bank holiday in accordance with the Reserve Bank of India's annual calendar.

However, Automated Teller Machines (ATMs) will be functional.

Banks to remain closed in following main cities: 

New Delhi

This holiday is likely to cause more inconvenience to the public who have already been thronging banks and ATMs to get a hold of their money on account of the ban on old Rs 500 and Rs 1000 notes. The holiday will also pause the exchange of old notes, and deposit of money to the banks.

New Rs 500 notes have been introduced in Delhi, Mumbai and Bhopal on Sunday. Some of the State Bank of India ATMs have been recalibrated and may start dispensing these new notes.

Also read:

PM holds midnight meet, per day ATM withdrawal limit increased to 2,500, cash from counter to 4,500

Cash withdrawal limit at ATMs increased to Rs 2,500 per day; weekly withdrawal limit increased to Rs 24,000

FinMin review on demonetisation: About 3 lacs crores of old notes deposited in banking system

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First Published : 14 Nov 2016, 07:15:00 AM