The Reserve Bank of India on Wednesday said that all banks will remain open for public on Saturday, November 12 and Sunday, November 13, 2016. Government on Tuesday scrapped the legal tender of Rs 500, Rs 1000 notes with an aim to curb money laundering.
"Banks are advised to keep all their branches open on November 12 and 13, 2016 as regular working days for transacting all business", the RBI said.
However, the specified bank notes will be allowed to be legal tender until November 11, 2016 in certain places such as airports, hospitals etc.
Individuals can withdraw only Rs 2,000 a day from ATM per card and Rs 10,000 through bank account on a day and Rs 20,000 in a week.
Banks were closed on Wednesday as per the government notification. Banks from now will provide high denomination replacement notes.
While this is a great move by the government, it may cause inconvenience to the common man for initial few days.