Bank holiday on Monday, stock markets to remain closed too

Bangladesh Bank logo

Dhaka, June 30 - All types of bank transactions in the country will remain closed on Monday, as July 1 is designated as a bank holiday every year.

At the same time, there will be no transactions on the Dhaka Stock Exchange and the Chittagong Stock Exchange since all banks will remain closed.

However, the main offices and important branches of all banks, including Bangladesh Bank, will remain open.

Sources said that on July 1, the half-yearly financial reports are prepared by consolidating accounts from various branches of the banks nationwide. That is why this day is considered a 'bank holiday'.

On this day, banks do not make any kind of transaction or official activities with Bangladesh Bank or other bank customers.

Similarly, 31 December is also observed as a bank holiday. On that day the banks complete the accounts of the calendar year and prepare the annual financial report.

The Bangladesh Bank declares these two days as "bank holidays" in the annual list of public holidays.

On these two days, banks are open only for internal business, with no transactions taking place. - UNB