In 2015, the Reserve Bank of India stated that all commercial and public sector banks in India will be closed on the second and fourth Saturdays of each month, effective immediately. On the other Saturdays, banks will be open for the entire day as usual. On top of that, banks throughout the country are closed on Sundays and other holidays.
Are banks closed on Saturday in 2021?
In addition to public and national holidays, banks are closed on the second and fourth Saturdays of every month, as well as on the first and last Sunday of every month. So, let’s have a look at the RBI bank holidays scheduled for Saturday in 2021. According to the Reserve Bank of India, the following is the entire list of bank holidays on Saturdays in 2021.
Are banks closed on national holidays?
In addition, if a national holiday falls on the first, third, or fifth Saturday of the month, the banks are closed on those days as well. Q. Who is in charge of finalizing the bank holidays? Are these rules apply to all various types of financial institutions?