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All banks to remain open this Saturday and Sunday, says RBI

All banks to remain open this Saturday and Sunday, says RBI
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Reserve Bank of India said on Wednesday that banks will remain open this Saturday and Sunday after government scrapped Rs 500 and Rs 1000 notes, reported media agencies.

All banks were closed today while ATMs across the country will be closed and in some parts even tomorrow. This decision was taken after PM Modi announced demonitising of Rs 500 and Rs 1,000 notes on Tuesday.

Meanwhile, anticipating panic and heavy rush at bank branches tomorrow for exchange and deposit of Rs 500 and Rs 1,000 notes, banks in many states have sought deployment of police at branches in order to avoid any law and order problem.

With high denomination notes of Rs 500 and Rs 1,000 being demonetized, banks have geared up to face the challenge of dealing with customers who are expected to come in hordes tomorrow for exchange of money when branches open.

“Sensing heavy rush at branch levels tomorrow, all the lead district managers have been asked to approach district administration for providing police security at bank branches so that there is no law and order problem,” an senior bank official said today.

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