Bank Holidays Saturday 2024

Bank Holidays Saturday 2024

In India, the banking sector is regulated by the Reserve Bank of India (RBI). Per the RBI’s directives, the banking sector across the nation (both public and private) will be closed on the second and fourth Saturdays of every month. The Reserve Bank of India announced the changes in its functioning on September 1, 2015.

The reason for this is that the RBI believes this will help reduce the overall footfall at banks and, in turn, help reduce the chances of crowds and queues forming at banks. In addition, the RBI has also directed banks to remain open for a whole day on the 1st, 3rd and 5th Saturdays of every month. This is so that customers have more access to banking services and can conduct transactions conveniently.

Saturday Bank Holidays on 2024

2024 is a busy year for banks, with several bank holidays falling on Saturdays. Customers must be extra diligent in planning their banking needs around these holidays.

While banks will be closed on these scheduled dates, customers can still take advantage of online and mobile banking services. However, it is essential to note that some services may be unavailable or have limited hours on bank holidays. It is always best to check with your bank in advance to see what services will be available these days.

The table below shows the dates on which Saturday Bank Holidays will be observed.

Date  Holiday 
13 January 2024  Second Saturday 
27 January 2024  Fourth Saturday 
10 February 2024  Second Saturday 
24 February 2024  Fourth Saturday 
9 March 2024  Second Saturday 
23 March 2024  Fourth Saturday 
13 April 2024  Second Saturday 
27 April 2024    Fourth Saturday 
11 May 2024  Second Saturday 
25 May 2024  Fourth Saturday 
8 June 2024    Second Saturday 
22 June 2024  Fourth Saturday 
13 July 2024  Second Saturday 
27 July 2024  Fourth Saturday 
10 August 2024  Second Saturday 
24 August 2024  Fourth Saturday 
14 September 2024  Second Saturday 
28 September 2024  Fourth Saturday 
12 October 2024  Second Saturday 
26 October 2024  Fourth Saturday 
9 November 2024  Second Saturday 
23 November 2024  Fourth Saturday 
14 December 2024  Second Saturday 
28 December 2024  Fourth Saturday 

Bank Timings on Saturday

Per the RBI announcement, private and public sector banks will remain closed on the second and fourth Saturday of every month. However, banks will operate during regular working hours on the first, third, and fifth Saturday. It is always best to check with your local bank for specific Saturday operational hours.

Various factors primarily determine the banking hours. The most crucial factor is the type of bank. For example, a commercial bank will have different hours than a savings and loan association. Other factors include the size of the bank, the location, and the type of services offered.

Here is a list of some top bank’s timings on a Saturday:

Bank Name Timings
State Bank of India 9:00 AM to 3:30 PM
HDFC Bank 9:00 AM to 3:30 PM
ICICI Bank 9:30 AM to 4:30 PM
IDBI Bank 10:00 AM to 4:00 PM
Bank of Baroda 10:00 AM to 4:00 PM
Axis Bank 9:30 AM to 3:30 PM
Yes Bank 9:30 AM to 4:30 PM
Citibank 10:00 AM to 4:00 PM
Central Bank of India 10:00 AM to 4:00 PM
Punjab National Bank 10:00 AM to 5:00 PM
Kotak Bank 9:30 AM to 4:30 PM
Standard Chartered Bank 9:30 AM to 5:30 PM

Frequently Asked Questions

Which Saturdays are working for banks?

All the private and public sector banks are working on the first, third, and fifth Saturday of every month.

Which Saturday bank is off in India?

Banks are closed on the second and fourth Saturday of every month.

Why is the 2nd Saturday a holiday?

As per RBI guidelines, banks are supposed to close on the second and fourth Saturdays.

Why is the second and fourth Saturday a holiday?

The reason is that the RBI believes this will help reduce the overall footfall at banks and, in turn, help reduce the chances of crowds and queues forming at banks

Why are Saturday and Sunday a holiday?

Saturday and Sundays are called weekends. These are the days when most people are not working and have the opportunity to relax and enjoy themselves. Additionally, Saturday and Sunday are usually when people have the freest time to pursue leisure activities.

Will ATMs be open on the second and fourth Saturdays when banks are closed?

Yes, ATMs will be open 24*7 365 days irrespective of bank holidays.

Urban Money