“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, Reserve Bank of India has approved a five day work plan for banks and henceforth, they will remain closed every Saturday from 1st June.
Hoax circulating since 2017
Alt News found that this is a hoax, which has been circulated on social media since at least April 2017. According to the last RBI notification regarding bank holidays (August 2015), all banks- scheduled and non-scheduled, including public, private, foreign, cooperative, regional rural and local area banks will observe public holidays on second and fourth Saturday of the month from September 1, 2015. It may be noted that the bank employees’ union and officers’ association have been demanding holidays on all Saturdays.
Furthermore, we found some recent tweets issued by prominent banks which clarify 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