PIB says Saturday bank holiday claim is false
In short
The Press Information Bureau said a viral notice claiming every Saturday was a holiday for public sector banks is false. It said the Ministry of Finance did not approve it, and RBI rules still apply only to the second and fourth Saturdays.
This matters for SBI and other public sector banks because customers may rely on the wrong holiday schedule. What is still unknown is who created the fake gazette notification.
What the reporting says
The Press Information Bureau said a viral claim that all Saturdays were declared public holidays for public sector banks was baseless. The clarification said the fraudulent gazette notification was not sanctioned by the Ministry of Finance, while RBI rules still allow bank holidays only on the second and fourth Saturdays. The immediate consequence is that the circulating notice should not be treated as official.
Why it matters
A fraudulent gazette notification circulated claiming all Saturdays were public holidays for public sector banks, but the Press Information Bureau said that claim was baseless. The publisher summary says the Ministry of Finance did not sanction it and that RBI holiday rules remain limited to the second and fourth Saturdays. The immediate effect is to correct confusion for SBI, other public sector banks, and customers.