Banks activities to continue unimpeded in first week of Sept

Port Blair
31 Aug 2018

Following a rumour circulating in several sections of the social media that banks will be closed for 6 days in the first week of September 2018 causing undue panic among the general public, the Ministry of Finance, Govt. of India has 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, 2nd September and second Saturday, 8th September. 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. Even on those days, 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. (PIB)