Second Saturday: Fourth Saturday:
Second and Fourth Saturday
Every month's second and fourth Saturdays are observed as bank holidays in India. Banks are closed for public dealings, but certain essential services such as ATM operations, online banking, and cheque clearance may still be available. It is important to note that this bank holiday policy may vary from country to country, so it is advisable to check with the local banks and financial institutions
for their holiday schedule.
What was thought about the second and fourth holidays?
The idea of the second and fourth Saturday vacations for banks in India was first implemented by the Reserve Bank of India (RBI) in 2015. The move aimed to improve work-life balance for bank employees, who often worked long hours during the weekdays and on the first and third Saturdays. The RBI believed that providing these other two monthly holidays would help improve the morale and productivity of bank employees while reducing the burden on the banking system.
The RBI also cited the need for more efficient use of resources as a reason for introducing these holidays. With banks closed on these Saturdays, it was expected that maintenance and other non-customer-facing activities could be carried out without disrupting regular banking operations. This would help improve the overall efficiency and reliability of the banking system.
Overall, introducing the second and fourth Saturday holidays was a positive step towards creating a more employee-friendly and efficient banking system in India.
Second and Fourth Saturday Calculator
You can easily calculate the second and fourth Saturdays of any month with the following steps:
- Determine the month and year for which you want to calculate the second and fourth Saturdays.
- Find the first day of that month (for example, if you want to calculate for March 2023, the first day is March 1, 2023).
- Count the number of days from the first day of the month until the following Saturday (including the first day). This is the second Saturday of the month.
- Add 7 days to the second Saturday to get the fourth Saturday of the month.
Here is an example calculation for March 2023:
- Month and year: March 2023
- First day of the month: March 1, 2023, is a Wednesday
- Count the number of days until the following Saturday: 3 days (March 4, 2023, is a Saturday)
- Add 7 days to the second Saturday: March 4 + 7 days = March 11, 2023 (second Saturday); March 11 + 14 days = March 25, 2023 (fourth Saturday)
Therefore, the second and fourth Saturday of March 2023 in India would be March 11, 2023, and March 25, 2023, respectively.
