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No, Banks Won’t Remain Closed Every Saturday From June 1, 2019

No, Banks Won’t Remain Closed Every Saturday From June 1, 2019

The RBI has denied issuing any instructions that commercial banks would have a 5 day week

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Claim

Bank will remain closed on every Saturday from 1st June. RBI has approved 5 days working for banks. Timing 9:30 am to 5:30 pm.

Fact

The viral message circulating on social media is fake. The Reserve Bank Of India (RBI) has denied issuing any instructions that commercial banks would have a 5 day week. In a press release dated April 20, 2019, Yogesh Dayal, Chief General Manager of the RBI said, "It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions."

 To read more click here

Claim

Bank will remain closed on every Saturday from 1st June. RBI has approved 5 days working for banks. Timing 9:30 am to 5:30 pm.

Fact

The viral message circulating on social media is fake. The Reserve Bank Of India (RBI) has denied issuing any instructions that commercial banks would have a 5 day week. In a press release dated April 20, 2019, Yogesh Dayal, Chief General Manager of the RBI said, "It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions."

  To read more click here

Claim Review : Banks will operate five days a week starting June 1, 2019

Fact Check : FALSE

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Anmol Alphonso is a fact-checker with BOOM. He has previously interned at IndiaSpend as a fact-checker and was a reporting intern at Times of India, Indian Express, and Mid-Day. He is a post-graduate diploma holder in journalism from St Paul’s Institute of Communication Education, Mumbai.

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