“Bank will be remain closed on every Saturday from 1st June. RBI has approved 5 days working for Banks. Timing 9:30 am to 5:30 pm. Why cannt other sectors also can do same? Private sector? Hospital? In metro city like mumbai surat u have enough money to earn but what is quality of life?” reads the message currently viral on social media.
According to the message, the Reserve Bank of India has approved a five-day work plan for banks and they will remain closed every Saturday from June 1.
This message is increasingly getting shared on Facebook and Twitter.
Hoax since 2017
This hoax has been circulated on social media since at least April 2017. According to the last RBI notification regarding bank holidays (in August 2015), all banks – scheduled and non-scheduled, including public, private, foreign, cooperative, regional rural and local area banks –would observe public holidays on second and fourth Saturday of the month from September 1, 2015.
However, bank employees’ union and officers’ association have been demanding holidays on all Saturdays.
Recent tweets issued by prominen banks have clarified the issue of working vs non-working Saturdays.
Hi Prathik, we are open on the first and third Saturdays of the month. Branches will be closed on the second and fourth Saturday of every month. Weekday timings apply on working Saturdays. Branches will also be closed on Sundays and bank holidays. -Manoj
— HDFC Bank (@HDFCBank_Cares) March 23, 2019
please note that as per RBI guidelines, 2nd and 4th Saturdays of each month are Bank holidays.
— State Bank of India (@TheOfficialSBI) July 14, 2018
This article first appeared on AltNews.in
