Agra banks to remain closed for eight days
Vishal Sharma
New Delhi/ Agra. For tax payers and tax planners alike, banks play a major role in the month of March but this month, the impending closure of all banks in Agra for eight out of the last 10days of the month is threatening to throw business into complete disarray.
According to the UP National Chamber of Industries and Commerce (NCIC) sources, the banks will remain virtually shut-down for three days between March 20 and 26 as the bank employees will receive training for election duty in this period.
On March 27, the banks will again remain closed due to the festival of Ram Navami. On March 28, 29 and 30, the United Forum of Bank Unions has called for a nation-wide strike resulting in the closure of all banks in the town.
Again on March 31 the banks will remain closed on account of Mahavir Jayanti, posing problems for the tax payers who wish to deposit their tax challans at the banks.
Talking to Business Standard, UP NCIC Former President Rajiv Gupta said on a usual banking day, there were transactions worth almost Rs 125 crore conducted in the banks of Agra and this figure rose by 2-3 times in the last week of March, when tax payers filed their taxes and excise duties through banks.
This month, he said, due to the closure of banks for eight days transactions worth over Rs 1,000 crore could come to a virtual standstill besides throwing the life of the city out of gear due to the unavailability of cash in the Automated Teller Machines (ATMs) of the banks.
On the other hand, the banking industry sources claimed that the strike called by the banks had a lot to do with the callous government attitude towards the bank employees.
They demanded that the banking employees should be kept immune from being forcibly enlisted for election duties.
According to the sources, the banks will try to cope up with the shortage of cash in ATMs during the closure of banks but some problems of cash flow were bound to arise during the three-day strike.
According to the UP National Chamber of Industries and Commerce (NCIC) sources, the banks will remain virtually shut-down for three days between March 20 and 26 as the bank employees will receive training for election duty in this period.
On March 27, the banks will again remain closed due to the festival of Ram Navami. On March 28, 29 and 30, the United Forum of Bank Unions has called for a nation-wide strike resulting in the closure of all banks in the town.
Again on March 31 the banks will remain closed on account of Mahavir Jayanti, posing problems for the tax payers who wish to deposit their tax challans at the banks.
Talking to Business Standard, UP NCIC Former President Rajiv Gupta said on a usual banking day, there were transactions worth almost Rs 125 crore conducted in the banks of Agra and this figure rose by 2-3 times in the last week of March, when tax payers filed their taxes and excise duties through banks.
This month, he said, due to the closure of banks for eight days transactions worth over Rs 1,000 crore could come to a virtual standstill besides throwing the life of the city out of gear due to the unavailability of cash in the Automated Teller Machines (ATMs) of the banks.
On the other hand, the banking industry sources claimed that the strike called by the banks had a lot to do with the callous government attitude towards the bank employees.
They demanded that the banking employees should be kept immune from being forcibly enlisted for election duties.
According to the sources, the banks will try to cope up with the shortage of cash in ATMs during the closure of banks but some problems of cash flow were bound to arise during the three-day strike.
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