April 26, 2023

Bank Timings in India for Today and Saturday

Clients visiting the Bank to conduct business should know the general bank timing. We will cover the general bank timing on weekdays and Saturdays, lunch timing and RBI bank timing, RTGS, and NEFT timings.
Several public and private sector banks have altered their operating hours, restricted the staff count, and suspended Non-essential services. Nevertheless, all the banks have restored their operations and working hours as usual.
Also, the services that got initially suspended have now got resumed. The banks are taking strict measures for clients and staff.
  • Clients will need to put on a mask throughout their time in the Bank.
  • The Bank is equipped with multiple sanitisers properly before entering and leaving.
  • Security staff gets trained to perform temperature checks on all clients.
  • Customers get requested to keep a safe distance of at least 1 m from one another.

What are the bank timings in India?

Banks are usually open around 9:30 a.m. and close at 5:30 p.m. nevertheless, some banks are open 12 hours a day. It means that the bank timings start at 8:00 a.m. and close at 8:00 p.m.
Some banks are open for at least 6 hours per day. It means that the Bank opens at 10:00 a.m. and closes at 4:00 p.m. One should find out the working hours of the Bank before visiting the branch.
Do note that the banks may have different working hours on weekends.
BankWeekdays*(Monday to Friday)Saturdays*(1st, 3rd,5thof the Month)
State Bank of India Bank9.00 AM to 3.30 PM9.00 AM to 3.30 PM
HDFC Bank9:30 AM – 3:30 PM9:30 AM – 3:30 PM
ICICI Bank10:00 AM – 2:00 PM10:00 AM – 2:00 PM
RBL 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
It is worth noting that the bank timings will vary from one branch to another.
One can conduct financial and nonfinancial business with the Bank during working hours of the Bank. All the services that clients can avail of the bank offer within working hours.

Timing of bank on Saturday

The banks are open on the first, third, and fifth Saturday of every month as long as it is not a gazetted holiday. In most cases, the timing of bank in India will identify their weekday timing.

Lunch timing at Bank in India

Banks will not close down for business during lunch hours. Clients can visit the Bank at any time during working hours of the Bank to conduct business.
Bank employees can take their lunch breaks in batches, so the business is not affected.
It may take lunch between 1:00 p.m. to 3:00 p.m.

Bank timing at RBI

The Reserve Bank of India operates on weekdays only. RBI Bank timing is as follows:
People can visit the Reserve Bank of India to conduct business during banking hours only. The Bank conducts internal work during the remaining working hours.

NEFT timing at Bank

NEFT working hours gets determined by the Reserve Bank of India. From 16th December 2019, NEFT services have been made 24*7 for the clients. The system will be available on all days of the Year, including holidays. It includes 48 half-hourly settlement batches starting from 00:30 hours to 00:00 hours.
NEFT is a nationwide payment system that facilitates one-to-one fund transfers. Individuals can transfer funds from one account to another in any bank that participates in the scheme.

RTGS timing at Bank

Under the real-time gross settlement, RTGS funds get transferred in real-time. It means the fund gets transferred as soon as the instructions are received. RBI has made transfers of funds through the real-time gross settlement system to the customers 24*7 on all days of the week.

FAQ

Is there a special time for Indian banks on Saturday?

There are no special timings for a bank on Saturday. The banks remain open on the first, third, and 5th Saturdays of each month. Most banks will operate on the weekdays, timing on Saturday as well.

What is the official bank timing for lunch in a bank branch?

There is no specific time for lunch in most of the branches of the Bank. It wants to keep serving its clients coming to the branch. Hence, most employees of banks will go for lunch on a staggered basis.

What are the services available on banking holidays?

Services available on banking holidays are as follows:
  • Immediate payment services
  • Unified payment interface
  • Access to the internet and mobile banking
  • Check drop boxes at the ATM

Will Indian Bank open on the second and 4th Saturday for half a day?

Banks are not operational on the second and fourth Saturdays.

What is the working hour of RBI in India?

RBI's business hours are 9:30 a.m. to 5:15 p.m.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility

RELATED ARTICLES

Canara Bank Mobile Banking and How to Activate: Login, Registration, and Limit

Canara Bank is one of the largest public sector banks owned by the Ministry of Finance, Government of India. It offers various services to its customers across the country as well as has offices in New York, London and Dubai. To enhance the customer’s banking experience, they have introduced the Canara bank mobile banking application. It allows their account holders to access banking services such as online transactions, chequebook request application and so on, through online mode.

What is a Commercial Account - Meaning & How to Open

Commercial accounts are specialised financial accounts designed to serve businesses and organisations. They enable businesses to carry out their financial transactions smoothly by providing services tailored for commercial operations. In this post we cover the various aspects of commercial accounts.

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.

How India's new wage code affects take-home pay

India's latest wage code has revamped salary structures, affecting what you finally take home. Your basic salary now needs to be at least half of your total earnings. This will affect your take-home pay based on your job contract and salary split, including elevated provident fund (PF) contributions, gratuity rule shifts allowing early benefits, and an updated salary structure impacting tax liabilities for high earners while lower and mid-range earners remain relatively unaffected. In the Union Budget 2021, the Indian government consolidated 29 labour laws into four new codes. The codes Include information about: - Industrial relations - Occupational safety and health - Working conditions - New wage code The definition of “wage” has been altered in the new wage code, departing from the stipulations of the Wage Code Bill of 2019. An employee's monthly basic salary, also known as “wage,” needs to be at least 50% of their total cost to the company (CTC). But what does this actually mean? How will the new wage code of 2022 impact the take-home pay of the salaried class in India? Let’s dive into the details.