ser No 5-day a week in commercial banks: RBI clarifies No 5-day a week in commercial banks: RBI clarifies

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday. It has been reported in certain sections of media that commercial banks would have a 5-day week on RBI instructions. This information is not factually correct. RBI has not issued any such directions.

Relevant RBI Press Release is as follows:-

Reserve Bank of India

Date : Apr 20, 2019

RBI clarification on 5 day week in commercial banks

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.

Yogesh Dayal
Chief General Manager

Press Release: 2018-2019/2488

RBI clarification on 5 day week in commercial banks

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3 Comments

  1. SALIL KUMAR RAY says:

    If RBI has not issued any circular/ Notification to that regarding “5 days working”, then who has given such permission? And what RBI has control upon banks. More that two years Saturday leave has been enjoyed by employees. What difficulties customers are facing can not be expressed. when either Friday or Monday is leave then Banks closed consecutive three days a week, which is half of the week.There are instances Banks closed for four days continuously in a week. No money in ATMs. All Transactions stopped.

  2. M.BALACHANDRAN says:

    Of late, in India, Media is “loitering” in the Banks’ corridor for “scoops” and complete with each other in broadcasting it. They DO NOT care to verify the truth or otherwise. The 5-day week in Bank is one such “fake” news, but, picked up by the media and relayed.

    Now coming to the Banks, now that, Computerization [or digitization] has set in, why the Banks should retain such heavy staff, WITH REDUCED WORK LOAD, and grant them frequent pay-hikes and MORE Holidays?
    Does ,”ease of doing business” call for these heavy loads? I notice that, be it private sector bank or public sector bank, the quality of service .appears to have nose-dived.

    .

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