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

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."

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Claim Review :  Banks will operate five days a week starting June 1, 2019
Claimed By :  WhatsApp, Facebook posts
Fact Check :  FALSE
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