Will banks be closed every Saturday? PIB fact-checks fake Gazette
The PIB confirmed that a government Gazette declaring Saturdays as public holidays for Public Sector Banks is fake.
The Press Information Bureau’s Fact Check unit has determined that a circulating document claiming every Saturday is a public holiday for public sector banks is fake. This statement, issued on October 1, addresses a purported gazette notification making the rounds on social media. The PIB emphasized the document is not an official government order and should not be considered evidence of a policy change regarding bank holidays.
The Ministry of Finance’s Department of Financial Services has not released any notification granting public sector banks a Saturday holiday, according to the fact-check. The circulating notice falsely attributes the decision to the Central Government. Consequently, customers should not assume PSU bank branches will be closed every Saturday based on this unfounded claim.
The PIB clarified that the document falsely attributes the supposed decision to the Central Government, making it clear that public sector lenders, including State Bank of India, are not affected. The agency urged citizens to verify bank holiday information through official channels before sharing any documents or posts online.
Additionally, the United Forum of Bank Unions postponed a nationwide strike it had planned for early this week after discussions with the Indian Banks’ Association on Sunday. The union representatives and IBA officials agreed to postpone the strike. However, this development is unrelated to the viral declaration of a Saturday bank holiday, which has been identified as false by the PIB.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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