Transactions of all banks, capital markets to remain close on Tuesday

All banks in the country will be closed on Tuesday (December 31) on the occasion of the bank holiday. The capital market will also be closed on the same day.

According to the list of holidays of Bangladesh Bank, July 1 and December 31 of the year are 'bank holidays'. According to tradition, these two days are observed as 'bank holidays' every year to complete the annual accounting to finalize the financial report.

On the first day of the fiscal year, July 1, and the last day of the calendar year, December 31, all types of transactions of scheduled banks are closed. However, only official activities are carried out on this day. That is, the head offices and important branches of all banks will be open to reconcile their financial accounts. Although the banks are open on this day, no transactions are completed there.

According to the policy, no transactions or official activities are conducted with Bangladesh Bank or other bank customers on bank holidays. However, customers can withdraw a certain amount of money through cards during this time.

Meanwhile, after buying and selling shares in the capital market, money is transferred through banks. Therefore, if the banks are closed, there will be no trading in the country's two capital markets, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). However, it is reported that official activities will continue in the capital market on Tuesday.