Bank Holidays Saturday 2023
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 2023
2023 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.
|14 January 2023||Second Saturday|
|28 January 2023||Fourth Saturday|
|11 February 2023||Second Saturday|
|25 February 2023||Fourth Saturday|
|11 March 2023||Second Saturday|
|25 March 2023||Fourth Saturday|
|8 April 2023||Second Saturday|
|22 April 2023||Fourth Saturday|
|13 May 2023||Second Saturday|
|27 May 2023||Fourth Saturday|
|10 June 2023||Second Saturday|
|24 June 2023||Fourth Saturday|
|8 July 2023||Second Saturday|
|22 July 2023||Fourth Saturday|
|12 August 2023||Second Saturday|
|26 August 2023||Fourth Saturday|
|9 September 2023||Second Saturday|
|23 September 2023||Fourth Saturday|
|14 October 2023||Second Saturday|
|28 October 2023||Fourth Saturday|
|11 November 2023||Second Saturday|
|25 November 2023||Fourth Saturday|
|9 December 2023||Second Saturday|
|23 December 2023||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:
|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|
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About Indian Holidays
- Krishna Janmashtami Holiday 2023
- Raksha Bandhan Holiday 2022
- Diwali Holiday 2023
- NSE Holiday 2023
- Holidays in October 2023
- Maha Saptami 2023
- Durga Ashtami 2023
- Durga Puja 2023
- Mahalaya 2023
- Maha Navami 2023
- Dussehra 2023
- Holi 2024
- SBI Bank Holidays 2023
- Bhai Dooj 2023
- Lakshmi Puja 2023
- Pongal 2023
- Christmas Holiday 2023
- New Year’s Day 2023
- Makar Sankranti 2023
- Republic Day Holiday 2023
- Guru Gobind Singh Jayanti 2023
- Losar 2023
- Vasant Panchami 2023
- Kartik Purnima 2023
- Maha Shivaratri 2023
- Gudi Padwa 2023
- Ram Navami 2023
- Mahavir Jayanti
- Good Friday 2023
- Shivaji Maharaj Jayanti 2023
- Eid ul Fitr 2023
- Ramadan 2023
- Guru Ravidas Jayanti
- Dr. B.R. Ambedkar Jayanti
- Panchayati Raj Day
- Odisha Day
- Babu Jagjivan Ram Jayanti
- Muharram 2023
- Buddha Purnima 2023
- July Holidays 2023
- June Month Holidays
- Maharana Pratap Jayanti
- Eid al-Adha
- Jagannath Puri Rath Yatra
- Holidays in August 2023
- Holidays in November 2023
- September Holidays 2023
- Holidays in December 2023
- Employee Provident Fund
- Systematic Investment Plan
- Fixed Deposit
- Mutual Funds
- Recurring Deposit
- Systematic Investment Plan (SIP)
- Employees Provident Fund (EPF)
- Public Provident Fund (PPF)
- Voluntary Provident Fund (VPF)
- National Pension Scheme (NPS)
- National Savings Certificate (NSC)
- Senior Citizen Saving Scheme
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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.