Indian Banks to Open on Saturday-Sunday, March 30th & 31st for Year-End Transactions

March 26, 2024

Banks to be open UM
Banks to be open UM

‘In a significant move to facilitate year-end financial transactions, several Indian bank branches will be open this weekend, i.e. Saturday-Sunday, March 30 and 31, 2024. This decision, made at the request of the Government of India, is crucial for the smooth handling of government receipts and payments for the financial year 2023-2024.’

 

The Reserve Bank of India (RBI) has issued a notification confirming that bank branches designated for handling government transactions will remain operational on the upcoming weekend. This includes branches of public sector and private banks like:

  1. Bank of Baroda
  2. Bank of India
  3. Bank of Maharashtra
  4. Canara Bank
  5. Central Bank of India
  6. Indian Bank
  7. Indian Overseas Bank
  8. Punjab and Sind Bank
  9. Punjab National Bank
  10. State Bank of India
  11. UCO Bank
  12. Union Bank of India
  13. Axis Bank Ltd.
  14. City Union Bank Ltd.
  15. DCB Bank Ltd
  16. Federal Bank Ltd.
  17. HDFC Bank Ltd.
  18. ICICI Bank Ltd.
  19. IDBI Bank Ltd.
  20. IDFC FIRST Bank Ltd
  21. IndusInd Bank Ltd
  22. Jammu and Kashmir Bank Ltd.
  23. Karnataka Bank Ltd.
  24. Karur Vysya Bank Ltd.
  25. Kotak Mahindra Bank Ltd.
  26. RBL Bank Ltd
  27. South Indian Bank Ltd.
  28. Yes Bank Ltd.
  29. Dhanlaxmi Bank Ltd.
  30. Bandhan Bank Ltd.
  31. CSB Bank Ltd.
  32. Tamilnad Mercantile Bank Ltd.
  33. DBS Bank India Limited

 

It’s important to note that this is a one-time exception due to the year-end rush. The discussions regarding a potential five-day banking week for regular operations remain separate. The Indian Banks’ Association (IBA) is currently in talks with the government on this proposal, but no concrete decision has been made yet.

For customers seeking information on branch timings and specific banks’ openings on March 30 and 31, it is highly recommended that they contact their respective banks directly or visit their official websites for the most up-to-date information.

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

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