Bank Holidays During First Week of September? Ministry of Finance Clarifies on Fake WhatsApp Message Going Viral About ATMs to Run Dry
The release further highlighted that ATMs in all the states will be fully functional and there will be no impact on online banking transactions.
Mumbai, August 31: The Ministry of Finance has issued an advisory that banks will not be closed for 6 days in the first week of Septemeber 2018 as being spread by numerous social media posts. The press release highlighted that due to the rumours and the fake messages, there is undue panic among the people. Fake Bank Holidays Message Being Spread on WhatsApp Saying ATMs Will Run Dry; Here's The Truth About Banking Operations in First Week of September.
According to the release, "Banks will only observe holidays on Sunday, 2nd September 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."
The release further highlighted that ATMs in all the states will be fully functional and there will be no impact on online banking transactions. The Ministry of Finance has further advised banks to ensure that sufficient cash is available for dispensation from ATMs, and banks will be open on all the other days.
Don't fall prey to any WhatsApp message which says that banks are going be shut on September 2,3,4,5,8 and 9 because the message being circulating is fake and holds no truth. Spread the message and avoid the spread of this hoax
Fact check
Banks will be closed for 6 days in the first week of Septemeber 2018, i.e, 2,3,4,5,8 and 9.
The whatsapp messages is fake as Ministry of Finance has issued an advisory that banks will not be closed for 6 days in the first week of Septemeber 2018.
(The above story first appeared on LatestLY on Aug 31, 2018 01:48 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).