SRINAGAR:The GoI on Saturday clarified that banks will remain open and banking activity will continue unimpeded in the first week of September.
In a statement issued here, it said that it has come to notice that a rumour is circulating in several sections of the social media that banks will be closed for six days in the first week of September, causing undue panic among the general public.
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, 2ndSeptember and second Saturday, 8th September. Monday, 3rd September 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.