Before going to your nearest bank branch in Mumbai and the rest of Maharashtra, check the new time table
With effect from today, the timings of all public sector banks in the state have changed
NEW DELHI :
To improve convenience and ease of banking for customers, the timings of all public sector banks have been changed in Mumbai and the rest of Maharashtra from today. The new rules define banking hours based on whether the branch is located in a residential or commercial area. The timings in one particular area will be uniform all over the state.
For example, whether you are visiting a PSU bank branch in Mumbai's residential area or in Pune's residential area, the operating hours of all such banks will be the same.
The bank timing change process is part of reforms in PSBs under finance ministry's Enhanced Access and Service Excellence Programme (EASE) 2.0.
The Indian Banks' Association (IBA) had approved three time slots for customer banking hours for PSBs all over India. The timings were - 9 am to 3 pm, 10 am to 4 pm and 11 am to 5 pm.
In each state, the State Level Bankers' Committee (SLBCs) were asked to come with recommendations of uniform time slots after consultation with the leadership of different banks. While some states implemented it earlier, Maharashtra SLBC had recommended the implementation of uniform banking hours with effect from November 1.
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Never miss a story! Stay connected and informed with Mint.
our App Now!!