The Government 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 on second Saturday i.e 8th September.
The Finance Ministry 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.
The Ministry said that 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.
The Ministry also said that 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.