IBA Allows Banks To Keep Branches Open ‘Selectively' During Lockdown

Association says this must be done after due consultations with the authorities for carrying out essential transactions

The Indian Banks’ Association (IBA) said its member banks may selectively keep their branches open at locations where the lockdown and suspension of public transport services have been announced by local authorities/State governments to curtail the spread of Covid-19.

The association said the branches may be selectively kept open after due consultations with the State government/ authorities to carry out essential transactions such as cash deposits and withdrawals, clearing of cheques, remittances and government transactions from March 23 onwards.

The IBA move comes in the wake of the government taking a decision to allow only essential services to operate in the 75 districts, which have reported confirmed cases or casualties related to Covid-19.