Public Sector Banks to Remain Open on Saturdays, Clarifies PIB Regarding False Notification

The Press Information Bureau (PIB) Fact Check has refuted claims circulating on social media about a government notification that reportedly declares Saturdays as holidays for public sector banks. The misinformation originated from a fabricated document that sparked confusion among the public regarding banking operations.

As of now, public sector banks, including major institutions like the State Bank of India, have confirmed that they have not received any official notification regarding changes to their holiday schedules.

Currently, discussions are taking place between the Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU) concerning the potential implementation of a five-day banking week. This dialogue aims to address various employee concerns and the changing dynamics of the banking sector in India. Stakeholders are encouraged to verify information from official sources to avoid misinformation.