India, Oct. 6 -- Chase Bank has clarified reports that all its branches would close for 24 hours on the upcoming Columbus Day, Monday, October 13. The bank confirmed that all 4,700 branches will remain open, and only certain services will be affected for online banking purposes.

"Chase Bank will not shut down all locations," the bank said in a statement. "The holiday will be treated as a regular federal holiday for scheduling transactions, repeating transactions, deposits, and fraud protection services."

According to Chase, the following services will be affected:

Scheduling Transactions: Customers will not be able to schedule transactions, including loan payments or advances, for delivery on the holiday.

Repeating Transactions: Any r...