A Fortune 500 company, SBI (State Bank of India) is an Indian Multinational headquartered in Mumbai. Banking is always a very crucial concern for the general public of India. Being a most trusted bank through generations, SBI has maintained a rich heritage for over 200 years in India. While SBI is used extensively in day-to-day transactions, people often search for SBI Bank Timings. Much information is floating on this topic; we bring to you all about working hours, branch details, and SBI Bank Timings all in one place. So let’s check out everything about the SBI Bank Timings article.
There is always a struggle among the general public regarding the exact SBI Bank Timings. And if you go to the bank without getting command of your timing, then there is no chance you will be going free up from your work. Now let’s get to know more about this SBI Bank Timings guide.
SBI Bank Timings & Other Important Details
The SBI gives their customers many different types of services, including opening different types of accounts according to your need: savings accounts, Current accounts, Salary accounts, NRI accounts, etc. So here we are showing you the full SBI Bank Timings and the other important details here.
And talking about the services, SBI has fixed deposits, home loans, personal loans, credit cards, etc.
SBI Bank Timings Sheet
Day | Business Hours* |
SBI Bank Timings on Weekdays (Monday to Friday) |
9.00 AM to 12.30 PM 1.30 PM to 3.30 PM |
SBI Bank Timings on Saturday (1st, 3rd & 5th Saturday) |
9.00 AM to 12.30 PM 1.30 PM to 3.30 PM |
SBI Bank Timings on Saturday (2nd & 4th Saturday) |
Closed |
SBI Bank Timings on Sundays | Closed |
History of SBI:
This is an Indian multinational bank and one of the biggest financial services statutory bodies. The State Bank Of India is the 43rd largest bank in the world.
When the Bank of Calcutta was renamed the Bank of Bengal, this was a time in the nineteenth century when the roots of SBI bank were established. Government officials enacted the State Bank of India (Subsidiary Banks) Act in 1959. Eight banks that had previously belonged to princely states became subsidiaries of SBI as a result. All this happened in the First Five Year Plan, which prioritized rural India’s development.
Interesting Facts SBI Bank:
- State Bank of India is the biggest provider of banking and financial services in India. SBI is another shorthand for it.
- SBI’s headquarters are in Mumbai.
- The Bank of Bengal was established in Kolkata in 1806. It was the first presidential bank in India.
- Individual stockholders controlled these three banks during the British era.
- According to the Paper Currency Act of 1861, several presidential banks were given permission to print paper money.
- On January 27, 1921, these banks amalgamated, and the resultant organization adopted the name Imperial Bank of India (IBI).
- In 1959, SBI had eight affiliate banks. They are the State Bank of Bikaner, the State Bank of Jaipur, the State Bank of Hyderabad, the State Bank of Indore, the State Bank of Mysore, the State Bank of Saurashtra, the State Bank of Patiala, and the State Bank of Travancore.
Wrapping Up:
SBI Bank Timings is one the crucial information for Indian Citizens, which helps them save time. The Indian Government nationalized it in 1955. As discussed, there are many services that SBI provides that have helped over 30 lakh families to achieve their dreams. So this is all about the SBI Bank Timings article guide.
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FAQs (Frequently Asked Questions) –
1. Has Bank Timing Changed?
After four days of closure, the Reserve Bank of India modified the bank opening times as of April 18, 2022. Banks will now open at 9 a.m. April 18, 2022. The Reserve Bank of India also announced that starting April 18, its regulated markets’ trading hours will be from 9 am to 3.30 pm.
2. Why do Banks Close so Early?
Since higher costs result in lower earnings, banks may be able to lower costs by closing sooner. These costs may include those for power, security, and other things.
3. Does the Bank Work on Saturdays in India?
Every month, all banks in India are closed on the second and fourth Saturdays.
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