5 Day week in Banks – RBI Clarification

There have been certain news that banks would be open for 5 days a week in terms of RBI instructions .

RBI has issued the clarification in this regard that it has not issued any such direction.

It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. RBI has not issued any such directions.

RBI Clarification dated 20/04/2019

Banks are presently closed on 2nd and 4th Saturdays only and are full day working on all other Saturdays.

This is a long pending demand of bankers to implement 5 day working in a week in banks and is also part of charter of demand submitted for 11th bipartite settlement, which is due since November 2017, but there is long way to go.