A recent report by a daily newspaper has claimed that a 5-day working policy will be implemented across the banks of the country from April 2025. As per the statement, this new rule has been implemented as a part of the regulations of the Reserve Bank of India.
As this news went viral, it created a buzz in social media, and people started predicting that the Indian banks would be operational during the five weekdays and two weekend days, i.e., Saturday and Sunday banks would remain closed.
Is this a true claim? Know what PBI Fact Check revealed…
This recent claim was checked by PBI Fact Check, which revealed that the claim regarding the recent RBI Regulation is FAKE.
To address this claim, PBI Fact Check shared a post on its X handle and wrote, “A news report by Lokmat Times claims that starting from April, banks across the country would operate 5 days a week, following a new regulation issued by RBI.”
The post further mentioned, “This claim is Fake. For official information related to the Reserve Bank of India, visit https://rbi.org.in.”
Bank Holidays as per RBI -
According to the regulations by the Reserve Bank of India, the banks of India remain closed every second and fourth Saturday, and Sundays are marked as week offs.
Furthermore, the RBI also segregates the Holidays under three brackets, i.e., Holiday under the Negotiable Instruments Act, Holiday under the Negotiable Instruments Act and Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
Along with this, bank holidays differ from state to state, according to the festivals and religious beliefs followed in the particular region or state.