JK Bank to remain closed on second, fourth Saturdays

Srinagar: J&K Bank will remain closed on second and fourth Saturdays of every month from September, the bank informed on Friday.
“The bank will, however, work for full days on remaining Saturdays of the month, that is, 1st and 3rd Saturdays,” it said in a release issued here.
The pronouncement has been made following a communication from the Indian Banks Association (IBA).
“The decision comes in the wake of an agreement reached between apex body of bank managements, IBA, and employee unions. Notably, all banks will be closed on 2nd and 4th Saturdays,” it said.