Are banks closed for Eid al-Adha today?
All banks in India, including SBI, are closed today, June 17, for Eid al-Adha. In Jammu & Kashmir, banks remain closed until June 18. Use online services for transactions.
Today, June 17, marks a significant day for the banking sector across India as all banks, including the State Bank of India (SBI), observe a holiday in celebration of Eid al-Adha, also known as Bakri Eid. This annual Islamic festival, which is one of the most important in the Muslim calendar, is being celebrated with traditional fervor and enthusiasm, leading to a nationwide bank holiday.
The holiday on June 17 follows a Sunday off on June 16, resulting in an extended weekend for bank employees and a disruption in normal banking operations. The closure of banks on these consecutive days means that customers will have to rely on digital banking services for any financial needs during this period.
In Jammu & Kashmir, the celebration of Eid al-Adha warrants an additional holiday on June 18. This extended leave period acknowledges the local customs and the significant Muslim population in the region, allowing an extra day for festivities and religious observances.
With all banks shut down today, it is essential for customers to plan their transactions accordingly. The bank holiday impacts all branches of public sector banks, private sector banks, cooperative banks, and regional rural banks. Consequently, no over-the-counter services, such as deposits, withdrawals, or cheque clearances, will be available.
However, to ensure that customers are not left stranded, banks have emphasized the use of online and digital banking facilities. Customers can use internet banking, mobile banking apps, and ATMs to carry out essential transactions. Online services such as fund transfers, bill payments, and other financial transactions will continue to operate uninterrupted, providing a lifeline for those in need of immediate banking services.
In light of the bank holiday, it is advisable for customers to familiarize themselves with various digital banking tools offered by their respective banks. These tools include:
Internet Banking: Most banks offer comprehensive online banking services, allowing customers to perform a wide range of transactions from the comfort of their homes. This includes fund transfers, balance checks, bill payments, and more.
Mobile Banking Apps: Mobile banking apps provide a convenient way to manage finances on the go. These apps are equipped with features that enable users to transfer money, pay bills, and even apply for loans or credit cards.
ATMs: Automated Teller Machines (ATMs) will remain operational, providing access to cash withdrawals, balance inquiries, and mini statements. Customers are encouraged to locate the nearest ATM to ensure they have access to cash if needed.
Customer Support: Banks usually maintain a robust customer support system even during holidays. Customers can reach out to their bank’s helpline for assistance with urgent queries or issues related to their accounts.
To avoid any inconvenience, it is prudent for customers to prepare in advance for bank holidays. Here are some tips to help manage financial activities smoothly during this period: