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.

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: