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.

List of Banks and Timings on Saturdays

The working hours of a bank depends on that particular bank’s location, bank-specific guidelines, and types of services offered. It also depends upon the guidelines set by the Reserve Bank of India and the state and central government for public and private sector banks.

However, most of the banks maintain uniformity during business hours. Here are some of the major banks along with their banking timings laid out in the table below:

Saturday Banking Holidays in 2023

There are a total of 24 Saturday banking holidays in 2023. You will find the banking Saturday holidays of each month in 2023 in the table given below:

Available Banking Services on Banking Holidays

Here is the list of services that you can avail of on banking holidays as well:

•       ATM services
•       Cheque drop services at ATMs or other cheque drop boxes
•       UPI or Unified Payments Interface
•       Net banking and mobile banking services
•       Immediate Payment Services or IMPS 

Unavailable Banking Services on Banking Holidays

You cannot avail of the following services on banking holidays:

•       National Electronic Funds Transfer or NEFT services from a bank branch
•       Any banking service that requires physical presence such as opening a savings account, Forex services from the bank, passbook update, deposit or withdrawal of cash, bank locker visit, etc.
•       Real Time Gross Settlement or RTGS services from the branch

Final Word

You can gather all the necessary information regarding bank timings on Saturday from this article. It will help you plan your bank visits beforehand and manage your banking needs efficiently.

FAQs

How can I avail of bank services on holidays if there is an emergency?

You can avail of banking services 24X7 even on holidays via net and mobile banking. You can activate these services for your bank account while opening your account or at any other time by submitting your KYC documents at the respective bank. 

What are the types of banks in India? Are banking holidays applicable to all?

There are public sector, private sector, cooperative, and regional or rural banks in India. Banking holidays are applicable to all types of scheduled and non-scheduled banks in India.

What are the business hours of the Reserve Bank of India?

The working hours of RBI are from 9.00 A.M. to 5.15 P.M. and banking hours are from 10.00 A.M. to 2.30 P.M.