No five day a week in commercial banks, says RBI

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.