Photo : Collected
All forms of bank transactions will be closed on Monday (1 July) as commercial bank employees work overtime on the last day of June each year to finalise half-yearly accounts. For this, 1 July is designated as a bank holiday.
As banks are closed, there will be no transactions on the Dhaka Stock Exchange or the Chittagong Stock Exchange either. Though transactions are closed, both stock exchanges will still be open for office work.
Tradition dictates there are two such bank holidays each year, with the other falling on Dec 31. That day sees the finalising of the financial accounting for the entire year.
Bangladesh Bank declares these two days as ‘bank holidays’ in the list of public holidays it sets each year.
Despite the holiday, the main offices of all banks, including Bangladesh Bank, and other important branches will remain open.
Banks will return to their regular schedule on Tuesday (2 July).
Messenger/Mumu
