INVC NEWS
Ayodhya : As the auspicious day of January 22, 2024, approaches, Ayodhya is gearing up for the grand Pran Pratishtha Samaroh at the Shri Ram Mandir. This significant event not only holds immense cultural and spiritual importance but also brings forth practical implications, especially on the functioning of banks in the region.
Preparations for the Momentous Event
The meticulous preparations for the Pran Pratishtha have prompted the Central Government to declare a half-day holiday in this sacred city. Simultaneously, the state of Maharashtra has announced a full-day public holiday. This announcement extends beyond government offices to include central and PSU banks, aligning with the spirit of the festivities.
Banking Institutions Join the Celebration
In solidarity with the monumental event, both central and PSU banks have made the decision to close their offices for half a day. The Reserve Bank of India’s recent update reveals that even private banks in Uttar Pradesh will remain closed on January 22, 2024.
Nationwide Variation in Bank Operations
While Uttar Pradesh witnesses a unified closure of both government and private banks, the scenario varies across other states. Banks in other regions are expected to remain open and function as usual during regular hours on the mentioned date.
Direct Impact on Financial Institutions
The order issued on January 19, 2024, specifies that the consecration of Lord Ram’s idol in Ayodhya will be celebrated nationwide. Consequently, all central government offices, central institutions, and central industrial establishments will observe a half-day closure on January 22, 2024. This decision aims to allow employees to participate in the festivities.
Banking Institutions in the Epicenter
Given the significance of the consecration ceremony at the Ram Mandir in Ayodhya, various institutions, including government banks, insurance companies, financial institutions, and regional rural banks, will remain closed for half a day. The Reserve Bank of India has released a list of bank holidays, confirming the closure of branches in Uttar Pradesh on the mentioned date.
Specifics of Bank Closures
Private bank branches in Uttar Pradesh, including HDFC Bank, ICICI Bank, and Axis Bank, have confirmed the temporary closure of their operations on January 22, 2024. The RBI’s holiday matrix update extends the closures to certain branches in Uttarakhand as well.
Ayodhya prepares for the Pran Pratishtha
In conclusion, as Ayodhya prepares for the Pran Pratishtha at the revered Shri Ram Mandir, the impact on banking operations is evident. The coordinated effort of both public and private financial institutions to observe a half-day closure showcases the unity and respect for the cultural and spiritual fabric of the nation.
