April 26, 2023

Bank Timings in India - Lunch Timings & Working Hours

Banks are financial institutions that provide services, such as accepting deposits, providing loans, and facilitating financial transactions. Banks have set timings for their operations, which may vary depending on the location and type of bank.
Customers who wish to conduct business at the bank must be aware of the regular bank hours. Generally, banks are open from Monday to Friday and remain closed on weekends and national holidays. In India, banks are open from 9:30 am to 5 pm. This article discusses the general bank hours on weekdays and Saturdays, lunch hours, RBI bank hours, and NEFT and RTGS hours. Let's take a look.

Indian Standard Bank Hours

In India, bank hours vary depending on the bank and the branch. A typical bank's opening and closing hours are 9:30 am and 5:30 pm, respectively. While some banking institutions are open twenty-four hours a day from 8:00 am to 8:00 pm, others are not. Customer service is only available for six hours, from 10:00 am to 4:00 pm. Customers are advised to check the bank's business hours before visiting a branch in light of this. It must be remembered that banks may open at different times on weekends.

Major Banks Timings

The bank timings in India of a few major banks are given below in the table:
Name of the BankWeekdays(Monday to Friday)Saturdays(1st, 3rd and 5th of the Month)
HDFC Bank9.00 AM - 3.30 PM9.00 AM - 3.30 PM
State Bank of India9:30 AM - 3:30 PM9:30 AM - 3:30 PM
RBL Bank10:00 AM - 2:00 PM10:00 AM - 2:00 PM
ICICI Bank10:00 AM - 5:00 PM10:00 AM - 5:00 PM
Bank of Baroda10:00 AM - 4:00 PM10:00 AM - 4:00 PM
IDBI Bank10:00 AM - 4:00 PM10:00 AM - 4:00 PM
YES Bank9:30 AM - 4:30 PM9:30 AM - 4:30 PM
Punjab National Bank10:00 AM - 4:00 PM10:00 AM - 4:00 PM
Allahabad Bank10:00 AM - 4:00 PM10:00 AM - 4:00 PM
HSBC Bank10:00 AM - 4:00 PM10:00 AM - 4:00 PM

Bank Timing On Saturdays

In India, banks are generally closed on Saturdays, except for a few select branches that remain open on a half-day basis. The working hours of these branches may vary, but the timings are the same as the weekdays.
The banks are open on the first, third, and fifth Saturdays of each month, provided that day is not a recognized holiday. Banks observe their off days on the second and fourth Saturdays of each month. Numerous banks keep Saturday hours the same as weekday hours.

Bank Lunch Time

During business hours, lunchtime normally happens between 1 pm and 3 pm. Bank personnel adhere to the same rules and take their break during this time. Banks are open as usual throughout lunchtime, though. Individuals are welcome to conduct all operations anytime during the bank's working hours. Bank employees eat their meals in batches so as not to interrupt business.

Bank NEFT Timings

One of the most popular methods for transferring money is using NEFT. Only bank accounts set up to receive NEFT payments for both the sender and the beneficiary are eligible to conduct NEFT transactions. The timing and operation of NEFT transactions are completely within the purview of the RBI, and they decide the timings for NEFT transactions. Initially, RBI had fixed NEFT transfer times during which NEFT transactions could be processed. However, post-2019, RBI declared that no time constraints would apply to NEFT transfers. This indicates that NEFT payments can be carried out anytime, anywhere. This was carried out to encourage electronic trade and financial sector integration on a global scale.

Bank RTGS Timings

The Real Time Gross Settlement (RTGS) system is a funds transfer system that allows individuals and organizations to transfer large amounts of money between bank accounts in real-time. The RTGS system operates on all working days except for second and fourth Saturdays, Sundays, and national holidays.
The RTGS timings vary depending on the bank. However, according to the RBI directive on RTGS timings published in December 2020, the service is available each day of the week, 24 hours a day.
It is important to note that the RTGS timings may differ from one bank to another, and checking the timings with your bank before initiating an RTGS transfer is advisable. You can also check the RTGS timings by visiting the bank's website or contacting the bank directly.

RBI Bank Timings

The Reserve Bank of India (RBI) is the central bank of India and is responsible for regulating and supervising the country's monetary policy. RBI has a network of branches across the country, and these branches have set timings for public dealings.
RBI branches are generally open from Monday to Friday, and they remain closed on Saturdays, Sundays, and national holidays. The working hours of RBI branches may vary depending on the location, but generally, they are open from 10:00 am to 4:00 pm.

Bottom Line

This article has outlined the bank timings and working hours. However, it is advisable to check the timings of the bank you wish to visit beforehand, as the timings may differ from one bank to another. You can also check the timings by contacting the bank directly or by visiting the bank's website.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

How to Check Union Bank Mini Statement By Missed Call, Number & Mobile Banking

To put it simply, it is a condensed version of your bank statement that only includes the most recent transactions. You can view the specifics of five current debit/credit cards, NEFT/RTGS/IMPS/UPI/etc. Transactions in this small bank statement. In terms of the Indian public sector banking industry, the Union Bank of India stands out as a frontrunner. Union Bank of India (UBI) provides online banking services that are among the best in the industry. The best banking services are available around the clock at Union Bank. Through Union Bank's online banking services, consumers may quickly and easily access their bank accounts, saving them valuable time. Account users can access various banking services, including checking their balance, getting a brief summary of their account activity, transferring funds, and more. Customers of Union Bank of India can generate bank account statements and Union Bank of India Mini Statements using a variety of handy channels, including SMS Banking, the Missed Call Facility, Union Net Banking, and mobile banking.

What is Telegraphic Transfer?

- Working overseas! Do you seek to send money back home to India in Indian currency for your parents? - Studying overseas! Do you seek to receive funds from your parents in India, to meet your tuition fee in foreign currency? - To address these needs, are you seeking a swift, safe, secure , cashless, cardless, economical with minimum currency fluctuation channel to make payments, interbank and cross borders? - You are willing to part with a transaction fee, as long as the fund transfer is safe, secure, swift, simple,seamless and traceable. Welcome to the concept of ' telegraphic transfer', a euphemism for interbank fund transfers that are now carried out electronically, through a variety of channels, netbanking, mobile banking through the SWIFT platform. Way back in the 1990s, the overseas payments were executed between the sender's and recipient bank over the cable wire or telegraph system through the exchange of coded messages. It usually takes anywhere between one to four working days to fulfil the transaction and such payments can be initiated, anytime, anywhere in multiple currencies across multiple geographies. In such overseas payments, the amount is denominated in the currency of the beneficiary bank's country at the prevailing exchange rate. The participating entities usually charge a fee to facilitate such a service.

A Historical Analysis of Demonetisation: Lessons from Around the World

Demonetisation is a significant policy decision that various countries have implemented worldwide to address economic challenges and promote financial reforms. In this blog post, we will explore the concept of [demonetisation](https://upstox.com/savings-account/what-is-demonetisation-meaning/), highlight several countries that have undertaken this measure, including India, and examine the motivations, impacts, and lessons learned from these exercises. Let's dive into this fascinating topic.

What is SBI ePay & How to Use SBI ePay: Meaning, Login, & Gateway

SBIePay is an online payment instrument that connects to multiple banks, lending institutions, and merchants electronically to enable all types of e-commerce and mobile commerce transactions between those parties.The ePay service is available in various cities across the country and you can now make payments to several billers in your region. Existing payment aggregators like IndiaIdeas (BillDesk), CCAvenues, TechProcess Solutions, Times of Money Ltd., E-Billing Solutions (EBS), and Atom Technologies, as well as new aggregators like PayU, Citrus, and Emvantage, have focused on particular merchant categories and developed their own specialised online payment niches. You may handle different billers, set up and receive electronic bills using ePay. SBIePay provides one of the most comprehensive and intricate payment options for its merchants, enabling them to provide their customers simple transactions. SBIePay is the only bank with direct access to all payment methods, enabling customers to avoid utilising any middlemen private businesses. With a particular focus on government merchants, such as national, state, and municipal organisations, SBIePay, a bank and payment aggregator, aims to provide new merchant categories and additional payment methods. The Bank's own payment gateway would be used to process all credit/debit card transactions. In order to process their Internet Banking payments, SBIePay is tying up with more than 40 banks. SBIePay will offer banks and merchants the business data and analytics for all transactions as an extra function. In the next three years, SBIePay wants to be the go-to resource for processing every type of online payment method and to take the lead among payment aggregators.