RBI List - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Sat, 01 Jun 2024 04:43:57 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png RBI List - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Bank Holiday Today: Banks will be closed in these 8 states today on Saturday, check the list https://www.rightsofemployees.com/bank-holiday-today-banks-will-be-closed-in-these-8-states-today-on-saturday-check-the-list/ Sat, 01 Jun 2024 04:43:57 +0000 https://www.rightsofemployees.com/?p=30019 Bank Holiday: Will the banks be closed or open today on 1 June 2024? Today is the first Saturday of June. Banks are open on the first Saturday but there is an election today. The last phase of Lok Sabha elections has been held in 8 states of the country. So banks will remain closed […]

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]]> Bank Holiday: Will the banks be closed or open today on 1 June 2024? Today is the first Saturday of June. Banks are open on the first Saturday but there is an election today. The last phase of Lok Sabha elections has been held in 8 states of the country. So banks will remain closed only in these states. Check the RBI list.

Will the banks be closed or open today on 1 June 2024? Today is the first Saturday of June. As per RBI guidelines, banks in India are closed on Sundays, second and fourth Saturdays of the month. Whereas banks work normally on the first, third and fifth Saturdays. In such a situation, there will be work in banks on the first Saturday today, but Lok Sabha elections are going to be held in many states of the country today. In such a situation, banks will be closed only in those states where elections will be held. Rest, banks will remain open in all the states.

Elections are being held in 8 states today

Banks will remain closed in many states of the country on Saturday as the last phase of elections is to be held. People of eight states and union territories are voting for 57 Lok Sabha seats. Banks will remain closed only in those cities where elections are going on in Uttar Pradesh, Bihar, Himachal Pradesh, Punjab, Odisha, West Bengal, Jharkhand and Chandigarh. Many people keep their bank work to be done on Saturday as it is difficult for them to go out during office hours between Monday to Friday. You can check here whether banks will open in your city or not.

Also Read: RBI imposed a monetary penalty of ₹88.70 lakh on SBM Bank (India) Limited

Elections are going to be held in these states

The last phase of voting is to be held for a total of 13 seats each in Uttar Pradesh and Punjab, nine seats in West Bengal, eight seats in Bihar, six seats in Odisha, four seats in Himachal Pradesh, three seats in Jharkhand and one seat in the Union Territory of Chandigarh.

Banks will remain closed in these cities on Saturday

State Lok Sabha Seat
Uttar Pradesh Varanasi, Maharajganj, Gorakhpur, Kushinagar, Deoria, Bansgaon, Ghosi, Ghazipur, Ballia, Salempur, Chandauli, Mirzapur, Robertsganj
Punjab Gurdaspur, Amritsar, Khadoor Sahib, Jalandhar (SC), Hoshiarpur (SC), Anandpur Sahib, Ludhiana, Fatehgarh Sahib (SC), Faridkot, Ferozepur, Bathinda, Sangrur, Patiala
Bihar Arrah, Buxar, Karakat, Jehanabad, Nalanda, Patna Sahib, Pataliputra, Sasaram
West Bengal Barasat, Basirhat, Diamond Harbour, Dum Dum, Jayanagar, Jadavpur, Kolkata South, Kolkata North, Mathurapur
Chandigarh Chandigarh
Himachal Pradesh Mandi, Shimla, Kangra, Hamirpur
Odisha Balasore, Bhadrak, Jajpur, Jagatsingpur, Kendrapara, Mayurbhanj
Jharkhand Dumka, Godda, Rajmahal


State-wise list of bank holidays in June 2024:

1 June 2024:  Banks will remain closed in the cities where elections will be held on 1 June 2024.

2 June 2024 (Sunday) – Weekend Holiday

On Sunday, June 2, banks across the country will remain closed on their weekly holiday.

8 June 2024 (Saturday) – Second Saturday of the month

All banks across the country will remain closed on June 8, the second Saturday of the month.

09 June 2024 (Sunday) – Weekend Holiday

On Sunday, June 9, banks across the country will remain closed on their weekly holiday.

15 June 2024 (Saturday) – YMA day/Raja Sankranti

Banks will remain closed on the occasion of YMA. Raja Sankranti in Mizoram and Odisha on June 15.

16 June 2024 (Sunday) – Weekend holiday

On Sunday, June 16, banks across the country will remain closed on their weekly holiday.

17 June 2024 (Monday) – Eid-ul-Azha

Banks will remain closed across the country except Mizoram, Sikkim and Itanagar on the occasion of Eid-ul-Adha on June 17.

June 18, 2024 (Tuesday) – Eid-ul-Azha

Banks will remain closed in Jammu and Kashmir on June 18 on account of Eid-ul-Azha.

June 22 (Saturday) – Fourth Saturday of the month

All banks in the country will remain closed on June 22, the fourth Saturday of the month.

23 June 2024 (Sunday) – Weekend holiday

On Sunday, June 23, banks across the country will remain closed on their weekly holiday.

30 June 2024 (Sunday) – Weekend Holiday

On Sunday, June 30, banks across the country will remain closed on their weekly holiday.

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]]> RBI issued statement regarding foreign exchange transactions, do not transact with these websites https://www.rightsofemployees.com/rbi-issued-statement-regarding-foreign-exchange-transactions-do-not-transact-through-them/ Sat, 11 Feb 2023 05:13:36 +0000 https://www.rightsofemployees.com/?p=11207 The Reserve Bank of India (RBI) on Friday released an alert list of certain entities . 1999, (FEMA) and are also not authorized to operate Electronic Trading Platforms (ETPs) for foreign exchange transactions.”The Alert List has been updated. It includes the names of entities/platforms/websites that promote Unauthorized Entities/ETPs. Including advertisements of such Unauthorized Entities or […]

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]]> The Reserve Bank of India (RBI) on Friday released an alert list of certain entities . 1999, (FEMA) and are also not authorized to operate Electronic Trading Platforms (ETPs) for foreign exchange transactions.”The Alert List has been updated. It includes the names of entities/platforms/websites that promote Unauthorized Entities/ETPs. Including advertisements of such Unauthorized Entities or claiming to provide training/consultancy services. ”

It states that citizens are cautioned against entities/platforms/websites that promote such unauthorized entities/ETPs. Including advertisements of such unauthorized entities or those claiming to provide training/consultancy services (such as on social media including video streaming platforms). These claims include providing other indirect facilities such as ‘demo trading’ in a ‘simulated environment’ to facilitate and conduct foreign exchange trading through unauthorized entities.

RBI also said that if a citizen, directly or indirectly, in Indian Rupees or in any other currency, allows any person to remit/deposit money for carrying out foreign currency transactions other than those permitted under FEMA or authorized by RBI, also use any other means, they will be liable for penal action under the provisions of FEMA.

The list of institutions issued by RBI is as follows. The following entities are neither authorized to deal in foreign exchange nor are they authorized to operate electronic trading platforms:

Alpari — https://alpari.com

Anyfx — https://anyfx.in

Ava Trade — https://www.avatrade.com

Binomo — https://binomoidr.com/in

eToro — https://www.etoro.com

Exness — https://www.exness.com

Expert Option — https://expertoption.com

FBS — https://fbs.com

FinFxPro — https://finfxpro.com

Forex.com — https://www.forex.com

Forex4money — https://www.forex4money.com

Foxorex — https://foxorex.com

FTMO — https://ftmo.com/en

FVP Trade — https://fvpt-uk.com

FXPrimus — https://fxprimus.com

FX Street — https://www.fxstreet.com

FXCM — https://www.fxcm.com

FxNice — https://fx-nice.net

FXTM — https://www.forextime.com

HotForex — https://www.hotforex.com

ibell Markets — https://ibellmarkets.com

IC Markets — https://www.icmarkets.com

iFOREX — https://www.iforex.in

IG Markets — https://www.ig.com

IQ Option — https://iq-option.com

NTS Forex Trading — https://ntstradingrobot.com

OctaFX — https://octaindia.net, https://hi.octafx.com, and https://www.octafx.com

Olymp Trade — https://olymptrade.com

TD Ameritrade — https://www.tdameritrade.com

TP Global FX — https://www.tpglobalfx.com

Trade Sight FX — https://tradesightfx.co.in

Urban Forex — https://www.urbanforex.com

XM — https://www.xm.com

XTB — https://www.xtb.com

Quotex — https://quotex.com

FX Western — https://www.fxwestern.com

Pocket Option — https://pocketoption.com

Tickmill — https://www.tickmill.com

Cabana Capitals — https://www.cabanacapitals.com

Vantage Markets — https://www.vantagemarkets.com

VT Markets — https://www.vtmarkets.com

Iron Fx — https://www.ironfx.com

Infinox — https://www.infinox.com

BD Swiss — https://global.bdswiss.com

FP Markets — https://www.fpmarkets.com

MetaTrader 4 — https://www.metatrader4.com

MetaTrader 5 — https://www.metatrader5.com

Pepperstone — https://pepperstone.com.

RBI has also said that this list is not complete. “An entity not appearing in the list should not be considered as authorized by RBI.”

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