Banks will remain open and banking activity will continue unimpeded in the first week of September
NP NEWS NETWORK
ATMs in all States will be fully functional; Banks advised to ensure availability of sufficient cash for dispensation from ATMs
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It has come to notice that a rumor is circulating in several sections of the social media that banks will be closed for 6 days in the first week of September 2018, causing undue panic among the general public.
It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September. Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September. Monday, 3rd September is not a pan India holiday and banks only in some States where a holiday is declared under the Negotiable Instruments Act, 1881 will remain closed.
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Even on those days, ATMs in all States will be fully functional and there will be no impact on online banking transactions. Banks have been advised to ensure that sufficient cash is available for dispensation from ATMs. Banks will remain open on all other days.
Bank of Maharashtra ordered to pay Rs 2 lakhs compensation for deficiency in service
Monthly Review of Union Government of India up to the month of July 2018 for the Financial Year 2018-19 The Monthly Account of the Union Government of India up to the month of July, 2018 has been consolidated and reports published. The highlights are given below:- The Government of India has received Rs.3,49,467 crore (19.22% of corresponding BE 18-19 of Total Receipts) up to July, 2018 comprising Rs. 2,92,611 crore Tax Revenue (Net to Centre), Rs.43,125 crore of Non Tax Revenue and Rs.13,731 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.4,512 crore) and Disinvestment of PSUs (Rs. 9,219 crore). Rs.2,12,414 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India up to this period which is Rs. 19,686 crore higher than the corresponding period of last year 2017-18. Total Expenditure incurred by Government of India is Rs.8,89,724 crore (36.43% of corresponding BE 18-19), out of which Rs.7,78,387 crore is on Revenue Account and Rs.1,11,337 crore is on Capital Account. Out of the total Revenue Expenditure, Rs.1,80,844 crore is on account of Interest Payments and Rs.1,41,682 crore is on account of Major Subsidies.
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