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Bank's Holiday in April 2022: Is April 1st a Bank Holiday? History of Banks Being Closed on First of April Due to the Early Closing of Accounts

As we prepare to close another financial year, banks will be loaded with the responsibility of settling their books for the current financial year and beginning the new year with vigour. 🙏🏻 Bank’s Holiday in April 2022: Is April 1st a Bank Holiday? History of Banks Being Closed on First of April Due to the Early Closing of Accounts. ....

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bank holiday today: Banks closed today, tomorrow: Will it impact markets?


NEW DELHI: Banks across the country, barring Meghalaya and Mizoram, are closed for business as the lenders will devote the day to close the accounts for fiscal 2021. This could also impact how you trade in the market.
April 1, 2021, is a settlement holiday on account of annual bank closing. A settlement holiday is the day when trading is possible, but clearing and settlements are closed for payin and payout of stocks and funds.
“Your account balance will not include the following credits on April 1, 2021: Intraday profits made in the equity segment on March 30-31. Credits from trades made in equity F&O, currency, and commodity derivatives on March 31. This will include options premium credits, futures M2M profits, etc,” Zerodha said in a note. ....

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