RBI changed the opening hours of the bank from Monday. However, banks will be closed at their old times. The opening hours of banks were delayed due to the corona virus epidemic.
There is a great news for the customers of the bank. Now customers in the bank will get an additional hour to complete their work. The Reserve Bank of India has changed the opening hours of banks from Monday, April 18, 2022. Now banks will open at 9 am. However, no change has been made in the closing time of banks.
Actually, due to the corona virus epidemic, the opening hours of banks were reduced in the day. Which is now being normalized again. This new facility will be implemented from 18 April 2022.
Trading timings of markets regulated by RBI have also changed . The new trading time will also be applicable from Monday. RBI’s supervision includes call money, government papers, government securities, repo in corporate bonds and rupee interest rate derivatives. RBI regulated markets including all the above mentioned markets will now start trading from 9 am instead of 10 am.
Cardless ATM transaction facility soon
RBI has also instructed all banks to start cardless ATM transaction facility soon. Customers will soon get the facility to withdraw money from banks and their ATMs through UPI. RBI is taking this step to promote cardless transactions. To do this, the facility of withdrawing money from all banks and their ATMs will be provided through UPI.
Hopes to curb
fraud Cardless transactions will make transactions easier and cardless transactions will help prevent card cloning, card theft and many other types of frauds. It is worth noting that many banks including SBI and ICICI are already providing the facility of cardless transactions.
