Because of 4 successive holidays, the banks will not function and will remain closed 4 days.
As the festivals of Ayudha Pooja, Vijayadasami (Friday and Saturday – 29th and 30th September), Muharram (Sunday, 1st October), and Gandhi Jayanthi (Monday, 2nd October) are declared by the state and central government holidays, the banks will remain closed.
So, the customers cannot use NEFT facility. However, the instant money transfer facility – IMPS will be active.
Further, in view of the 4 successive bank holidays, all ATMs have been provided with money to the extent of Rs. 1 Lakh Crores.