Banks to remain closed on 2nd, 4th Saturdays Mandi News

Bringing cheers to lakhs of bank employees, the government has accepted the long-pending demand of workers to declare second and fourth Saturdays holidays, with effect from September 1.

"The notification regarding Saturday off has come. It is effective from September 1 2015," All IndiaBank Employees' Association (AIBEA) General Secretary C H Venkatachalam told PTI.

At present, all PSU and private sector banks work half-day on Saturdays.

"This is a welcome move. This will be a big relief to employees and I hope that this will improve the productivity of employees," he said.

In case of a month having five Saturdays, banks will be closed only on second and fourth Saturdays.