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:
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.