Know the truth behind viral news of closure of 9 public sector banks

The decision of the Government to merge some of the banks have made big news, while the public’s outrage was seen when the limit to withdraw money was lowered down to Rs 1000 from the PMC by RBI.

Written by September 28, 2019 18:21

Video which went viral

A message has been going viral on social media for the past few days, according to the message RBI has decided to close 9 government banks and it is said that if any person who has accounts in these banks should withdraw their money soon. These banks include Corporation Bank, UCO Bank, IDBI Bank, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank and United Bank of India. The viral message includes the notification from the Supreme Court and appeals social media users to forward this message.

Impact of Viral Message

Social media users are forwarding this message on different platforms like WhatsApp, Facebook and other social media platforms. People are confused and don’t know whether this news is real or fake.

What is the Fact?

Actually, some issues related to the bank came up in the last few days. The decision of the Government to merge some of the banks have made big news, while the public’s outrage was seen when the limit to withdraw money was lowered down to Rs 1000 from the PMC by RBI. After the news of the scam in PMC Bank customers were first issued an order that they can withdraw only Rs 1000 from the bank, later this limit was increased. Taking advantage of this news, the message of the closure of 9 banks was being made viral.

After circulation of these kinds of messages now Reserve Bank of India came out to clear the misunderstandings about these viral messages of closure of 9 banks. RBI has clearly stated “Rumours are being circulated in sections of social media about operations of banks to create panic among the public. All are advised not to fall prey to such baseless and false rumors”.

At the same time, the situation has been clarified by the Finance Ministry. Finance Secretary Rajiv Kumar has also shared a picture through his twitter handle, writing that all the thing mentioned in this message are false and this is just a rumor. He Wrote “There are mischievous rumors on Social Media (picture below) about RBI closing some banks. No question of closing any PSB, which are articles of faith. Rather Govt is strengthening PSBs with reforms and infusion of capital to better serve its customers

Truth or rumor?

This message is totally fake