New Delhi : The bank holiday is on the second and fourth Saturdays of the month for the last few years. However, when 5 Saturdays come in any month, there is a doubt in the minds of the people whether this Saturday is a holiday or not? According to the rules of the Reserve Bank of India, banks have holidays on every other and fourth Saturdays. But when 5 Saturdays come in a month, what is the rule of RBI?
According to the rules of RBI, if 5 Saturdays come in a month, only the banks will be holiday on the second and fourth Saturdays and the functioning of banks will continue on the 5th Saturday. That is why if there is any kind of work in the bank on 29 March, then you can handle your work by getting involved in your bank branch.
Although there are many holidays of banks in the next month i.e. in the month of April, in such a situation, check the list of State Bank for the bank work. So that you do not have to come back after going to the bank and it will also save your time.
Nowadays, when most of the work is being done online, the bank's closure is not affecting the people, because due to digital service running, online banking, UPI, ATM and mobile banking system remains operational.
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However, if you have to go to the branch for manual work such as deposit or check clearance, then it is very important to know about the bank holiday in advance. If this does not happen, then you may have to face troubles.