RTGS/NEFT/ECS are closed on 01/04/2010 – 1st April 2010

RTGS is closed on 01/04/2010 – 1st April 2010

NEFT  is closed on 01/04/2010 – 1st April 2010

ECS  is closed on 01/04/2010 – 1st April 2010

Apart from a holiday on 01/04/2010 – 1st April 2010, RTGS/NEFT/ECS are also closed on 02/04/2010.

01/04/2010, is the Annual Closing day for Indian Banks.

One moot question is that in today's computerised environment, is a Public Holiday, required to enable Banks to close their Books.

Well, till all the Bank Branches are brought under CBS(Core Banking Solution), a Public Holiday will be required to enable the Bank Branches  to close their Books of Accounts. 

There will be a series of holidays for RTGS/NEFT/ECS i.e 01/apr/2010, 02/apr/2010 and 04/02/2010.

Already the year-end rush has started from today itself i.e 29th March 2010.

This means there will be heavy rush of transactions on 3rd april and 5th april too.

Viewers are requested to plan properly their ePayments to avoid any last-minute tension.

– Try to comlete your RTGS/NEFT transactions by the afternoon of 31st March.

– This will ensure peace of mind for all the concerned parties.