"Second and Fourth Saturday" refers to a system of scheduling bank holidays in India. Under this system, banks in India are closed on the second and fourth Saturdays of every month, in addition to the regular bank holidays. This means that bank customers and employees can expect banks to be closed on these days, and should plan accordingly.
The "Second and Fourth Saturday" system was introduced in September 2015 by the Reserve Bank of India (RBI) in order to increase the efficiency of banking operations and provide better work-life balance for bank employees. Prior to this, banks in India were closed only on Sundays and certain public holidays.
It is important to note that not all businesses and government offices follow the "Second and Fourth Saturday" holiday schedule. It is primarily applicable to banks and financial institutions in India.
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Banking on Balance: The Second and Fourth Saturday System
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