Banks in 9 Indian States closed on 29/08/2014

                        Banks in the following 9 states are closed on 29/08/2014. As is the norm, online transactions will not be affected, only physical transactions at bank branches will not happen.

01) Andhra Pradesh

02)Telangana

03)Goa

04)Gujarat

05)Karnataka

06)Maharashtra

07)Orissa

08)Puducherry

09)Tamil Nadu

            RTGS/NEFT will function as per their scheduled timings. Majority of RTGS/NEFT transactions will be through the online mode, rather than the branch mode.

The other ePayments channels viz IMPS; Card-to-Card Transfer will function 24*7.

 All the 3 CTS Grids (CTS Western Grid, CTS Northern Grid, CTS Southern Grid) will be open. However for all practical purposes, paper clearing volumes will be low, as many Banks have opted for a BLOCK status.

The Holiday under NI Act is on account of  Ganesh Chaturthi Varsidhi Vinayak Varta / Samvantsari