RBI says no direction issued for 5-day working in commercial banks

By: |
April 20, 2019 9:26 PM

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.

RBI, commercial banks, bank working days, banking, news, financeRBI says no direction issued for 5-day working in commercial banks

The Reserve Bank of India (RBI) said Saturday it has not issued any direction with regard to a five-day a week working for commercial banks. “It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It is clarified that this information is not factually correct,” the RBI said in a release.

The RBI has not issued any such directions, it said. Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday. Remaining Saturdays are a full working hour for banks.

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