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 the Difference Between NEFT and RTGS: Charges & Transactions

Electronic Funds Transfer (EFT) systems in India have been in use for several decades and have undergone significant advancements in recent years. These systems allow for the transfer of funds electronically between banks, financial institutions, and individuals. The Reserve Bank of India (RBI) is the regulator for Electronic Fund Transfer (EFT) systems in the country, and it has implemented several measures to ensure the security and reliability of these systems. The Indian government has also been promoting the use of Electronic Fund Transfer (EFT) systems for various government schemes and services, such as the [ direct benefit transfer (DBT) scheme](https://upstox.com/saving-schemes/what-is-dbt-direct-benefit-transfer-in-agriculture/), which aims to transfer government benefits directly to the bank accounts of beneficiaries. This has helped to increase the transparency and efficiency of government services and has also helped to reduce corruption. The Electronic Fund Transfer systems in India have played a significant role in the growth of the digital economy in the country and have greatly increased the accessibility and convenience of financial transactions for individuals and businesses. One of the most widely used EFT systems in India is the [ National Electronic Funds Transfer (NEFT)](https://upstox.com/banking/what-is-neft-meaning-timings-full-form-charges-and-how-to-transfer-money/) and Real Time Gross Settlement (RTGS) system. It allows for the transfer of funds between banks in India and is available 24x7.

United Bank India Mobile Banking

- Have you run out of time to visit your bank branch to make an urgent fund transfer? - Are you looking at an alternative channel for your banking transactions which is convenient, compatible, accessible, comprehensive, easy to use,quicker, free of cost, bundled service offerings and is safe and secure. - Have you lost your network connection and yet you need to view your account balance on an urgent basis?. Mobile banking channel is the answer to your needs. Case in point being, United Bank of India ( UBI). UBI is now a part of Punjab National Bank (PNB), having merged with effect from April 1, 2020. Established in 1950 in Kolkata as a regional private bank catering to the eastern and north-eastern belt, the bank was nationalised in 1969 and over the years, the bank expanded its network of branches and asset base to become a mid-sized PSB ( Public Sector Bank) to include a network of more than 2000 branches and three fully equipped overseas branches in New Delhi, Kolkata and Mumbai. In fact, UBI is among the leading banks in the states of West Bengal, Assam, Tripura and Manipur. Backed by an asset base of ₹1.52 lakh crore ( as on September, 2019), UBI offers a comprehensive portfolio of services across multiple channels, offline and online through netbanking, mobile banking such as check balance, transfer money,make utility bill payments and much more. You can avail these services 247365, even on bank holidays, public holidays, weekends and that too, free of charge.

Allahabad Bank Netbanking

Technology has made it easier to fulfil the traditional package of banking services , basic and complex across the customer profile. Although the set of financial functions have not changed, digital banking has indeed made the fulfilment process more efficient and cost effective. As a case study, let us take a closer look at Allahabad bank net banking services. As one of India's oldest banks, Allahabad Bank was established in 1865 and has an operating history of over 150 years. The Bank has come a long way since inception, having evolved from a private bank formed by Europeans living in Allahabad to being nationalised in 1969 and then finally being amalgamated with Indian Bank 2020. This new entity enjoys the benefits of a larger balance sheet, wider and deeper geographic reach and a comprehensive portfolio of services, both online and offline for retail as well as corporate customers. Indian Bank has a strong domestic footprint with a branch network comprising 5,809. Besides, the bank also has footprints overseas across three branches, one each in Singapore, Colombo and Jaffna (as on June 30, 2021).

Bank Timings on Saturday in India - Opening Time, Closing Time & Holidays

Public and private sector banks now stay open not only on weekdays but on weekends as well. As per the guidelines by RBI released on August 2015, banks now remain functional on the first and third Saturdays of each month, and the fifth Saturday as well if applicable. However, if any public or banking holiday falls on working Saturdays, banks will remain closed on those Saturdays. Get all the details on bank timings on Saturday along with the list of banks in the following sections.