Bank opening hours changed: The Reserve Bank of India has changed the opening hours of banks from Monday, April 18, 2022, after being closed for 4 days. Banks will open from Monday at 9 am.
Bank opening hours changed: There is a big news for the customers of the bank. Now you will get 1 hour extra time to deal with the business related to the bank. RBI has changed the timings from the trading hours of the market to the bank with effect from April 18, 2022. The Reserve Bank of India has changed the opening hours of banks from Monday, April 18, 2022, after 4 days of bank closure. Banks will open from Monday at 9 am.
RBI implemented new system
However, no change has been made in the closing time of banks. Accordingly, one more hour has been added to the working of banks. Significantly, due to the increasing infection of Corona, the opening hours of banks were reduced during the day. But now things are getting back to normal. In such a situation, RBI is implementing this facility from 18 April 2022.
Trading time in the markets also changed
RBI has also said in its release that transactions in the foreign exchange market and government securities will now be possible with the changed time. With effect from 18 April 2022, trading in RBI regulated markets such as Forex Derivatives, Rupee Interest Rate Derivatives, Repo in Corporate Bonds etc. for Foreign Exchange (FCY)/ Indian Rupee (INR) trades as against its pre-Covid timing i.e. 10 AM at 9 am It will start from 0:00 in the morning.
Old system re-applied
Significantly, in view of the corona transition in the year 2020, RBI had changed the trading hours of the market on 7 April. The market timings were changed from 10 am to 3.30 pm, reducing the trading hours by half an hour. But now the conditions are getting normal, after which now RBI is re-implementing the old time table.
