Business

Banks to remain open on Saturday, Sunday

Banks to remain open on Saturday, Sunday
The State Bank of India logo is seen on an ATM in Singapore December 26, 2015. REUTERS/Thomas White

New Delhi: The government said on Wednesday that banks will remain open on the coming weekend for convenience of people following its decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination.

“For public convenience, banks will remain open on coming Saturday and Sunday,” Economic Affairs Secretary Shaktikanta Das said in a tweet.

Prime Minister Narendra Modi had on Tuesday announced demonetisation of currency notes of Rs 500 and Rs 1,000 denomination to tackle the menace of black money.