Banks closed on all saturdays

Employees working in public sector banks may get a good news in the coming days.

Public sector banks in India typically do not operate on Saturdays, creating uncertainty for customers planning visits. Recent speculation about a potential shift to a five-day workweek adds to the confusion. So, are the bank open today? Here we clear your confusion so that you avoid potential inconveniences during your bank visits. There has been no official confirmation of change in working structure of banks to a five-day week.

Banks closed on all saturdays

All Indian banks, which are operational for six days twice a month, will soon get holidays on all weekends, a media report said. According to a report by the Business Line , the demand put forward by bank employee unions to declare all Saturdays as a bank holiday has been accepted by India's Bank Association on the 28th July meeting. Now, the representative body of management of Indian banks has forwarded the petition to the Ministry of Finance for its approval. If the Union Finance Ministry also approves it then banks will be in operation only five days a week, and the employees will not have to work on 1st and 3rd Saturdays. Bankers are confident that their proposal would get approval from the FinMin. The English Daily citing sources said, " Based on some of the informal talks with the ministry, it seems like the government may not have an issue in accepting this request from the bankers' union". Earlier this year in March, the All India Bank Employees' Association issued a circular wherein it mentioned that the IBA agreed to enforce a five-day work week for bank employees. The AIBA also mentioned, "It has emerged that the total working hours can be increased by 40 minutes per day with cash transactions from 10 am to 4 pm and non-cash transactions up to pm". Several rounds of meetings have happened in the past related to the five-day work week for banks but no substantial outcome has come up so far. It remains to be seen whether this time the Finance MInistry will approve the demand of bank unions.

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Elevate processes with AI automation and vendor delight. Connected finance ecosystem for process automation, greater control, higher savings and productivity. For Personal Tax and business compliances. In India, banks, including private and PSU banks, usually have holidays on the 2nd and 4th Saturday of every month. If a month has five Saturdays, the 5th Saturday is a working day for banks. However, many people are confused about which Saturday a bank is working and which Saturday the bank is closed. Here is the list of Saturdays on which a bank has a holiday in for quick reference:.

No free time on weekdays to head to the bank? Here are a few banks that can serve you on weekends. Which banks are open on weekends? Open an eligible Fifth Third checking account. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements. Tired of moving your schedule around just to make it in time for the bank? Instead of trying so hard to squeeze it in, why not go to a bank that's open on the weekend? Contrary to popular belief, not all banks are closed on the weekends.

Banks closed on all saturdays

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Unlock a world of Benefits! Even if banks are closed on second and fourth Saturdays, are internet banking services available, and can they be used? Axis Bank Holidays List If 5-day working system is implemented in banks, then employees may have to work 40 minutes extra every day. All kinds of banks, including the private sector, public sector, cooperative, regional and rural banks, have holidays on the 2nd and 4th Saturday of every month. FinMin didn't indicate whether the demand has been accepted or whether it could be anytime in the near future. You are just one step away from creating your watchlist! Mutual fund calculator. Share this article. Punjab National Bank Holiday List May 25, But there is yet to be any confirmation on its acceptance. GST Resources.

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Here is the list of Saturdays on which a bank has a holiday in for quick reference:. Follow News24 on Facebook , Twitter. Help Center Product Support. Infra Pharma Real Estate. Best viewed in x resolution in IE 5 and above. Bank Holidays Tamil Nadu 7. Since , banks in India have observed public holidays on the second and last fourth Saturdays of every month. Public sector banks in India typically do not operate on Saturdays, creating uncertainty for customers planning visits. Especially public sector banks have raised this issue at many occasions. Year Month All Months January Feburary March April May June July August September October November December. Income Tax e Filing. It remains to be seen whether this time the Finance MInistry will approve the demand of bank unions.