National

Banks will remain open in the first week of September

Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September ; Monday, 3rd September is not a pan India holiday

The Union Government has taken notice of the rumours in several sections of the social media that banks will be closed for 6 days in the first week of September 2018.

It is also understood that this is causing undue panic among the general public.

Thus the government has come out with the clarification that banks will remain open and banking activity will continue unimpeded in the first week of September.

It is also clear that banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September.

Monday, 3rd September 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.

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