Banks to remain Close for 6 days in September? Here’s the truth and what you must Know

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A message currently going viral on social media claiming the banks will remain closed for six days during the coming week is creating confusion among the customers.

A viral WhatsApp message says banks will remain closed from September 2 to 5 and thereafter from September 8 to 9. “Dear All, Pl, note that all the Banks will remain closed for six days. 2nd Sept- Sun, 3rd Sept-Janmashtami, 4th, 5th Sept – Banks strike protest for pension. 8th, 9th Sept- sat & sun – Closed. All ATM’s may remain cashless. Pl, plan accordingly,” reads one of the messages currently being  circulated on WhatsApp.

Dismissing rumours, the government today said bank branches would remain open next week and there was no need to panic.

It has come to notice that a rumour is circulating in several sections of social media that banks will be closed for 6 days in the first week of September 2018, causing undue panic among the general public, Finance Ministry said in a statement said.

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“It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September. Banks will only observe holidays on Sunday, September 2, and second Saturday, September 8,” it said.

“It’s only the RBI employees who are going on mass casual leave on September 4-5 for demands related to to Provident Fund and pension. This will not have much impact on the day-to-day operations of the other public and private sector banks,” he also said.

Coming Monday, September 3 is not a pan-India holiday and banks only in some states where a holiday is declared under the Negotiable Instruments Act, 1881, will remain closed, it said.

Even on those days, it said, ATMs in all states will be fully functional and there will be no impact on online banking transactions.

Banks have been advised to ensure that sufficient cash is available for dispensation from ATMs. Banks will remain open on all other days, it added. (Agencies)

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