Banks

Amid fierce competition to raise more deposits, Banks have started offering higher returns on FDs.

The Andhra Pradesh government has made a key decision regarding Sankranti holidays for public sector bank employees. An additional day of leave has been granted, with orders issued by AP Chief Secretary K.S. Vijay Anand on Monday.

Banks will not function on 17 days in December on account of festivals, as well as on second and fourth Saturdays and all Sundays.

All the banks will remain closed for eight days in May 2022, i.e. the holiday list includes five Sundays, the second and fourth Saturdays and Eid ul Fitr.

In November 2021, all the banks will remain closed for nine days, i.e. the holiday list includes Diwali, Bhai Dooj, Guru Nanak Jayanti four Sundays, the second and fourth Saturdays.