Many banks to remain closed during the first five days of September

Many banks to remain closed during the first five days of September

The latest topic of any of the social networking site is the consecutive 5 days holiday at the start of September. The weekend will be followed up by the Janmashtami celebration for the whole nation and then the two-day bank strike by the employees of Reserve Bank of India. However, these 5 years can be a hitch for the banking operations living it paralyzed in many parts of the nation between 1st September and5th September. Ashwani Rana, the National Organization of Workers Vice President have already clarified that the banks will remain open and there will be no effect on the ATMs functioning.

Rana added, "The message going around in the social media that banks will be closed for six days in the first week of September due to holidays and bank strike is not correct," "It's only the RBI employees who are going on mass casual leave on September 4-5 for demands related to Provident Fund and pension. This will not have much impact on the day-to-day operations of the other public and private sector banks,"

However, as per the reports earlier, the bank was supposed to be closed on the first five days of September in many states. In addition to this, many of the banking operations were to be held for the upcoming days which will be a huge hit.

There are banks that work on first Saturday of the month will be open and for the other that only work for half days will be there while the one that remains closed on Saturdays will go like that. The operations will start to hit off from the start from 1st September. Since the 2nd September is on Sunday, the banks remain close all across the nation as it is counted as a bank holiday. On Monday, 3rd September, most of the banks of the North are to be closed due to the celebration of Janmashtami to celebrate the birth of Lord Krishna.

The next two-day – 4th and 5th September is the bank strike by the United Forum of Reserve Bank officers and Employees – UFRBOE with the employees of RBI might go on the casual leave for two-day.

The strike will affect the operations of the bank in a lot of ways than predicted since the people of the central and the other states are dependent on it. So, make sure to check your accounts today to ensure that no payments are delayed.

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