On Wednesday, bankers will calculate their half-yearly operating profits, keeping all the bank branches closed
Wednesday is a bank holiday, and on this day people will not be able to make transactions at banks.
Tuesday was June-closing for banks, and tomorrow bankers will calculate their half-yearly operating profits, keeping their branches closed.
So, bankers will have to attend office amid this holiday.
As per the central bank's instruction, banks have to close counter transactions twice a year as bank holiday – on July 1 and December 31 every year.
On those days, banks calculate their income and expenditure to find out yearly and half-yearly profit or loss.
"It has been followed traditionally for many years. Though, because of the recent development of technology based banking, banks do not need the whole day to calculate their operating profit. Earlier, they had to manually check all statements on their ledger books," an official of the Bangladesh Bank told The Business Standard.
Bankers said they still have a massive task to check invoices to finalise income and expenditure.
On the two bank-holidays, there is no scope to receive services at the counters of bank branches.
However, transactions take place by automated teller machines (ATM), mobile banking, agent banking and all types of cards outside of the branches.