All Banks To Remain Open In First Week Of September, Clarifies Govt

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

In a big sigh of relief for the public, the government has rubbished the rumours on social media that “banks will be closed for six days in the first week of September 2018”.

A rumour has been circulating in several sections of the social media that banks will be closed for six days in the first week of September 2018, causing undue panic among the general public.

As per the notice issued by the Centre, 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. 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, the notice read.