Business · India Bureau
Government Dismisses Viral Fake Gazette on Weekly Bank Holidays
The government has clarified that a widely circulated document claiming all Saturdays are bank holidays is fraudulent. Bank branches remain open on the first, third, and fifth Saturdays of each month.
LSN India ·
Authorities have moved to debunk misleading information circulating online about banking operations, dismissing a purported government gazette that claimed banks would be shut every Saturday. The fake document has been shared extensively across social media platforms, creating confusion among customers about banking schedules.
Under current regulations, bank branches observe weekly holidays only on the second and fourth Saturdays of each month. This arrangement has been in place to balance operational efficiency with customer convenience across the banking sector.
The first, third, and fifth Saturdays remain regular working days for most bank branches, allowing customers to conduct transactions on these dates. The government's clarification emphasizes that any official policy changes regarding bank holidays would be announced through authenticated channels and proper notification procedures.
The department has urged the public to rely only on official communications from the Reserve Bank of India and Ministry of Finance for authentic information about bank holidays and operational timings. Citizens are advised to verify any such announcements through official government portals or their respective bank branches before acting on unverified information circulated online.