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        Banks will remain open and banking activity will continue unimpeded in the first week of September

        August 31, 2018

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        Banks will remain open and banking activity will continue unimpeded in the first week of September

        Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September ; Monday, 3rd September is not a pan India holiday

        ATMs in all States will be fully functional; Banks advised to ensure availability of sufficient cash for dispensation from ATMs

        It has come to notice that a rumour is circulating in several sections of the social media that banks will be closed for 6 days in the first week of September 2018, causing undue panic among the general public.

        It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September. 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.

         Even on those days, ATMs in all States will be fully functional and there will be no impact on online banking transactions. Banks have been advised to ensure that sufficient cash is available for dispensation from ATMs. Banks will remain open on all other days.

        Banking operations continuity confirmed; banks open except for standard weekly holidays and state-specific Negotiable Instruments Act closures. Banks will remain open and banking activity will continue unimpeded during the first week of September, with only routine weekly holidays and state-specific closures under the Negotiable Instruments Act; ATMs and online banking will remain fully functional and banks are directed to ensure adequate cash availability.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Banking operations continuity confirmed; banks open except for standard weekly holidays and state-specific Negotiable Instruments Act closures.

                              Banks will remain open and banking activity will continue unimpeded during the first week of September, with only routine weekly holidays and state-specific closures under the Negotiable Instruments Act; ATMs and online banking will remain fully functional and banks are directed to ensure adequate cash availability.





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                              ActsIncome Tax
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