Bank opening time at 9 o’clock
Actually, from 18 April 2022, RBI changed the trading time of the market. Now banks will open from 9 am.
Whereas no change has been made in the closing time of banks. With this, customers will get one hour extra time than before.A new rule has been implemented on banks,
So that customers can take advantage of banking services. There are seven government banks in the country including State Bank of India. Also there are more than 20 private banks in the country. This new rule of RBI has been applicable on them.
The facility of cardless transaction from ATM will start soon
While the facility of cardless ATM transaction is also going to start soon. Customers are soon going to get the facility of withdrawing cash from banks and their ATMs through UPI.
Cash can be withdrawn from ATMs through UPI
RBI is going to do this to promote cardless i.e. cardless transactions. To do this, cash withdrawal facility will be provided from all banks and their ATMs through UPI.
RBI Governor Shaktikanta
Das, while announcing the bi-monthly monetary policy review, said, “It is now proposed to provide cardless cash withdrawal facility in all banks and ATM networks using UPI.” By using it, it will be easy to do transactions. Along with this, the facility of cardless cash withdrawal will also help in preventing frauds like card skimming, card cloning.
Check below the revised timing:
• Call/notice/term money – 9:00 am to 3:30 pm
• Market repo in Government Securities – 9:00 am to 2:30 pm
• Tri-party repo in Government Securities – 9:00 am to 3:00 pm
• Commercial paper and Certificates of Deposit –9:00 am to 3:30 pm
• Repo in Corporate Bonds- 9:00 am to 3:30 pm
• Government Securities (Central Government Securities, State Development Loans, and Treasury Bills) 9:00 am to 3:30 pm
• Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives – 9:00 am to 3:30 pm
• Rupee Interest Rate Derivatives – 9:00 am to 3:30 pm
