Banks To Have 5-Day Working Week Permanently? Here Is What RBI Says
File image of the Reserve Bank of India | (Photo Credits: PTI)

Mumbai, April 21: The Reserve Bank of India (RBI) on Saturday cleared the air over fake news being circulated that commercial banks would have a 5-day week. The Central Bank said it has not issued any direction with regard to a five-day a week working for commercial banks and urged people not to fall a prey to such fake reports. "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", the RBI said in its release. Bank Holidays in April 2019: Ram Navami, Mahavir Jayanti & Good Friday Offs to Affect Banking Operations This Month. 

At present, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday. Meanwhile, the remaining Saturdays are a full working hour for all the banks.

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Here's RBI's Clarification:

Yogesh Dayal, Chief General Manager, RBI was quoted by ANI saying that there have been reports in certain sections of media that commercial banks would have a 5-day week on RBI instructions. "This information is not factually correct. RBI has not issued any such directions", he said.

Fact check

Banks To Have 5-Day Working Week Permanently? Here Is What RBI Says
Claim

Banks will remain closed on every Saturday from 1st June, 2019

Conclusion

RBI says it has not issued any direction with regard to a five-day a week working for commercial banks. Bank holiday only on second and fourth Saturday.

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