Bank Timings In India: A significant change in the Bank’s working days could be witnessed in the coming days as the government and bank employee unions work together to find a solution to the long-standing demands of five days working a week. After the Indian Banks Association (IBA) and the unions reached an agreement in this direction. Now the proposal is awaiting the nod of the central government.
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A green flag by the centre and Reserve Bank to the proposal would mean that the banks will remain open for only five days – from Monday to Friday – in a week and there would be complete holidays on Saturday and Sunday. Currently, only bank branches remain closed for the second and fourth Saturday of the month.
Bank Working Timing’s To Be Changed
The change in Bank working days will not affect the total working hours of the bank in a week as the proposal also seeks to increase the daily timing of the banks. As per a Dainik Jagran report, the timing can be increased by 4 minutes per day.
The bank might open from 9:45 in the morning and close at 5:30 in the evening, marking a time increase in the daily schedule.
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RBI’s Stance Will Decide
The government and the Reserve Bank of India (RBI) play a crucial role in the approval of the 5-day workweek. In fact, the proposal will first go to the RBI, as it controls all banking operations. Only after the RBI’s approval will the government give its final consent.
