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  • No five day a week in commercial banks, says RBI

    Published on April 21, 2019

    The Reserve Bank of India (RBI) has not issued any direction with regard to a five day a week working for commercial banks.

    In a statement, the RBI said, it has been reported in certain sections of media that commercial banks would work five days a week in terms of RBI instructions. It termed the reports as factually incorrect.

    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.