INCOME TAX2 Oct 2026
All Saturdays declared bank holidays? PIB Fact Check debunks fake notification | Mint
A gazette shared on social media claimed the Centre had declared every Saturday a holiday for public sector banks, including State Bank of India (SBI). The government's fact-checking unit, PIB Fact Check, says the document is fake and no such order exists. Banks still work on the first, third and fifth Saturdays. Trust only official government notifications.
Key Statutory Highlights
- PIB Fact Check said the document circulating online, which claimed every Saturday is a public holiday for public sector banks including SBI, is fake.
- Banks currently observe holidays on the second and fourth Saturdays of each month, while the first, third and fifth Saturdays are generally working days.
- Bank unions deferred a three-day nationwide strike planned from September 28 to 30, and a high-level committee will examine unresolved issues including the demand for a five-day banking week.
Actionable Advice for Taxpayers / Founders:If you have a bank visit or payment planned for a Saturday, check your bank's official website or branch notice first rather than relying on forwarded social media messages.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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