Banks closed on all saturdays

Employees working in public sector banks may get a good news in the coming days. On Tuesday, the Minister of State banks closed on all saturdays Finance, Bhagwat Karad told the Parliament that a proposal has been presented in which, there is a demand to declare every Saturday as a holiday in all the banks of India. This means that there is a demand to work only five days every week in banks. Inthe government had implemented a new rule for all the banks of India under which the bank employees would get two extra holidays on two Saturdays in the month.

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

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:. January 13, January 27, February 10, February 24, March 9, March 23,

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India's banking sector has formally proposed declaring all Saturdays as official holidays, according to confirmation from the Union Finance Ministry in Parliament today. Since , banks in India have observed public holidays on the second and last fourth Saturdays of every month. The demand for a five-day work week has been a prolonged one, particularly from public banks. The IBA represents a broad spectrum of banks in India, including public and private banks, foreign banks with a presence in India, cooperative banks, regional rural banks, and all Indian financial institutions. The banking sector employs over 1. The response from the finance ministry did not specify whether the proposal had been accepted or if it might be considered in the near future. If approved, the transition to a five-day work week could potentially be accompanied by extended working hours during the operational days, as suggested by sources familiar with the matter.

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Banks closed on all saturdays

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?

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Rental Agreement. Mutual fund calculator. Thus, banks will remain open on this Saturday. Stocks Auto World. The proposed change, if implemented, is poised to reshape the banking industry's operational landscape, with implications for both employees and customers. Opinion Notes. Wait for it… Oops! Secion 80 Deductions. Even if banks are closed on second and fourth Saturdays, are internet banking services available, and can they be used? Loan Agreement. Product Guides - Videos. Form 26AS. Your session has expired, please login again. Tax filing for professionals.

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Yes, banks are closed on all Sundays of the month, even those that follow the 2nd and 4th Saturdays. 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. Product Guides - Videos. Stock Market Live. Elections Connected finance ecosystem for process automation, greater control, higher savings and productivity. Stocks Auto World. India's banking sector has formally sent proposal to finance ministry declaring all Saturdays as official holidays. The banking sector employs over 1. How to Invest in Mutual Funds. Plastic HSN Code. ISO Data Center.