The first Saturday off for banks in India will kick in from July 25, a
fourth Saturday. This is as per a government notification declaring
second and fourth Saturdays closed for banks.
RBI has cleared and sent their approval for implementation of 2nd and 4th Saturday off to IBA from
15th July. IBA is vigorously following up for issuance of notification to this effect. It may take time as DFS will have to get the notification vetted from Law Ministry. In all probabilities 4th Saturday of July will be off in the Banking Industry.
Harvinder Singh, General Secretary, AIBOC
RBI has cleared and sent their approval for implementation of 2nd and 4th Saturday off to IBA from
15th July. IBA is vigorously following up for issuance of notification to this effect. It may take time as DFS will have to get the notification vetted from Law Ministry. In all probabilities 4th Saturday of July will be off in the Banking Industry.
Harvinder Singh, General Secretary, AIBOC
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