All Banks will remain closed, every Saturday from 1st June onwards. The RBI has approved 5 days Working for Banks. Now Timings will be 9:30 am to 5:30 pm.

Image result for Fake NewsThis above news, which states that RBI has notified each Banks to be closed each Saturday is not real. There is no official communication by RBI or any of the national banks of India. Usually, when such news comes, it is official protocol of RBI to announce such news on its official website. Even the banks should inform their employees and customers regarding this.

If this rule happens to be true, Government of India will have to declare holiday for all government departments. And this can lead to financial burden of country. Holidays for Saturday is a privileges used by IT companies. So, practically this not possible and hence we term it as a fake news.