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

RELATED ARTICLES

What is Related Party Transaction - Policy & Companies Act

It is customary for organisations to conduct business with their personal and professional networks. These close associates may be substantial shareholders, subsidiaries or minority-owned businesses. A related-party transaction is a deal or preparation between two parties with a previous business connection or a mutual interest. Companies commonly form profitable partnerships with people they know or share a common interest. Though related-party transactions are legal in and of themselves, they can create conflicts of interest or other illegal conditions. Companies that are freely traded are required to declare these transactions.

Punjab National Bank - (PNB) SMS Banking

- You are on the edge of a step, 'be watchful buddy' says a passerby - You are reversing your car, you hear a beep, an alert, as the sensors mounted on the rear bumper sense objects in its path. All of us have experienced these 'nudges' in our everyday lives, haven't we? - Let us say you have used your debit card for say e-commerce or at a PoS or for netbanking transactions. Wouldn't it be useful, if your bank sends you an SMS alert immediately after your debit card transaction? - Your monthly credit card payment is due, wouldn't it be useful, if your bank sends an SMS alert on the dues outstanding and the credit card balance available? - You are tempted to make an impulse purchase, you just want to view your account statement.

Union Bank Balance Check Number - By ATM, SMS, Net Banking

| Union Bank Customer Care Number Balance Check Toll-Free | 1800-22-2244 | | --- | --- | | Union Bank Of India Balance Inquiry via SMS | 09223008486 | | Union Bank Of India Balance Check Number Missed Call | +91 9223008586 | One of India's best banks is the Union Bank of India (UBI). It sets a standard by providing top-notch banking services to all enrolled individuals. Outstanding service recognition and technology developments have helped the Union Bank of India become more well-known. Customers can easily check their account balances using the online banking and mobile banking services offered by Union Bank of India. Customers can also use Union Bank of India's Missed Call, SMS Banking Service, and other options to check their balance. Account holders who have registered their cellphone numbers have access to phone and mobile banking features, which allow them to rapidly check their available balance and inquire about it. This article outlines everything you need to know about union bank balance check numbers and how to check the union bank account balance. Let's take a look.

What are the Indian Overseas Bank Timings?

Founded in 1937 by Mr M. Ct. M. Chidambaram Chettyar and later nationalised in 1969, Indian Overseas Bank ( IoB) is one.of prominent public sector undertaking with the Government of India being its majority stakeholder with its share pegged at 96.38%. Headquartered in Chennai, the bank has a strong domestic presence with a network of 3,221 domestic branches, 4 overseas branches across Singapore, Hongkong and Bangkok. With an asset base of ₹2.74 lakh crores, IoB offers a comprehensive set of solutions through traditional and digital channels. For example, IoB's netbanking offers a wide array of solution such as : - Balance enquiry - Last Few transactions - Account Statement - Cheque Paid Status - Deposit Opening - Deposit Closure/Deposit Renewal - Transfer money to any of your bank accounts which can be availed 247 , without visiting your bank branch. However, if you have an offline/ physical account with IoB, you need to visit your bank branch to avail services related to passbook printing, account opening, cash deposit and withdrawal, cheque clearing, remittances and government transactions, and note exchange etc. Whether you opt for a traditional banking account or digital or a blend of both, it is very critical that you are aware of your bank's working timings, its holiday list in advance so that you are better prepared to schedule your banking activities and handle emergency situations. Let us take a look at IoB's working hours and holiday list.