Banks will observe holidays on Sept 2 & 8 only : Govt

Speed Post News Network

New Delhi : The Finance Ministry on August 31, 2018, said that banks will remain open and banking activity will continue unimpeded in the first week of September. Banks will only observe holidays on  September 2, and second Saturday on September 8. September 3, 2018, 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, according to a PIB release.

“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.