New timings for banks and forex trade; check the details here

Bank Opening Time: You can now be done with your banking work early as the bank timings have been revised and have been reverted to pre-pandemic hours.

As per the directive from Reserve Bank of India(RBI), banks will be open from 9 a.m. from April 18, which will give customers an extra hour to access branches . It is not just bank branches that have revised timelines, even financial markets regulated by RBI such as the forex market have a new set of timings to abide by. 

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The RBI notification also said, ”With the substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to restore the opening time for regulated financial markets to their pre-pandemic timing of 9:00 am Accordingly, with effect from April 18, 2022, the trading hours for the markets regulated by the Reserve Bank would be as under:”

RBI also issued a chart that tells the exact timing of the start of the market and the ending of the same.

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