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Kannada writer, academician and thinker U R Ananthamurthy
passed away at a private hospital in the City on Friday evening.
As
a mark of respect for the departed writer, Karnataka Government has declared a
3 Day State mourning. Educational institutions too are closed.
Banks
and other Financial Institutions are closed as the State Government has
declared the holiday under Negotiable Instruments Act 1881.
A bank holiday
in India is a public holiday which is declared specially for the Banks and
other Financial Institutions. Not all public holidays are classified as Bank
Holidays. Bank Holidays are declared by Central/State Governments/ Union
Territory under the Negotiable Instruments (NI) Act, 1881.
The 82-year-old
Jnanpith awardee died of multiple organ failure at 6:33 pm. Dr H Sudarshan
Ballal, director of Manipal Hospital, said that Ananthamurthy was admitted to
the hospital 10 days ago.
Impact of the
sudden Bank Holiday:
01)
Physical transactions will be affected
02)
Online Transactions will function as usual, as RTGS/NEFT
is open.
03)
Clearing will take a major hit, with Inward
Cheques being received and debited to respective customer’s accounts. Cash cannot be deposited in case of
insufficient balance to clear the inward cheques.
