Are banks in India going to be shut in first week of September?

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A viral message has been floating on social media app ‘Whatsapp’, stating Banks in India will be shut for first 6 days in the month of September 2018.

The message detailed the list of days from 2nd Sep to 9th Sep giving reasons for being shut on each day. The information also warned people to plan accordingly, since the ATMs will remain cashless.

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The misleading message displayed occasions and reasons for banks not working on the given days. 2nd September being a Sunday whereas, Monday 3rd September is Janmashtami and Tuesday and Wednesday (4th & 5th Sep) were attributed to Bank strike due to Protest for Pension. Thursday & Friday (6th & 7th) mentioned banks to remain open and Saturday and Sunday (2nd Saturday) was once again declared as a holiday.

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Arresting the panic caused amongst people due to this viral message, the Finance Ministry clarified the matter on 31st August. The ministry, via, Press Information Bureau Twitter Handle has put the matter to rest, stating that,

Banks will remain open and all activity will continue unimpeded in the first week of September. Banks to remain closed only on 2nd September Sunday and 8th September, second Saturday. Banks will remain open on all other days. 3rd September not a pan India Holiday and Banks will close only in some states where a holiday is declared. ATMs in all states will be fully functional as there will be no impact on online banking transactions.

The above tweet tagged @FinMinIndia as well as @arunjaitley [the finance minister] and the same was retweeted from the official handle of the Finance Ministry.

As reported by Boom Live, a State Bank of India official also clarified,

This message is obviously fake. On 3rd September, only a few branches of SBI will not be functioning due to celebrations in those regions but on the other days, the bank is functional. The call for strike by the RBI will have no impact on the SBI’s functioning.

As listed on the RBI website, out of total 31 regional offices of RBI, only 16 offices are going to remain closed on 3rd September.

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