Finance Ministry: Banks to remain open in September first week

The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8. Monday, September 3, is not a pan India holiday

New Delhi: The Finance Ministry on Friday took notice of a rumour on social media about closure of banks for six days in the first week of September and clarified that the banks and banking activity will continue unimpeded in the week. "It has come to notice that a rumour is 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 said in a statement.

"It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September," it said.

The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8. 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, 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.

The rumour on social media, particularly a WhatsApp message that went viral on Thursday, even prompted some mainstream media to report accordingly. However, the IANS report on Thursday stated exactly what the Ministry said on Friday.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!