New Delhi, May 9 -- Banks across India will remain closed today, 9 May, as this is the second Saturday of the month. Since, bank holidays imply suspension of banking activities at physical branches, this non-operation affects some banking work of individual consumers. Therefore, it is advisable for customers to check when their branches close to facilitate smoother transactions.

According to the Reserve Bank of India (RBI), all private and public banks remain closed on every second and fourth Saturday of the month. This is designated bank holiday for all banks in addition to closure observed on all Sundays of the month. This means that all banks across India including SBI, PNB, ICICI Bank, HDFC bank and other private and public lenders w...