On Tuesday, December 31, all banks nationwide will be closed for all transactions due to the bank holiday. On this day, trading will also be suspended in the two primary stock markets of the nation.

‘Bank holidays’ are July 1 and December 31, per the holiday list published by the Bangladesh Bank. Reportedly, these two days are marked as ‘bank holidays’ each year in order to complete the annual accounts and the financial report. On July 1st, the first day of the fiscal year, and December 31st, the last day of the calendar year, all forms of transactions in scheduled banks are closed. But on this day, only official business is conducted. That is, all banks will have their main offices and significant branches open to reconcile their financial records. 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.