Wednesday January 19, 2022

Latest bank timings for Ramzan 2021

SBP issues Ramzan timings for banks, development finance institutions, microfinance banks

By Web Desk
April 13, 2021
A look at the State Bank of Pakistan. Photo: File

KARACHI: The central bank on Tuesday released the Ramzan timings for banks, development finance institutions and microfinance banks.

As per  the  State Bank of Pakistan's (SBP) statement, from Monday to Thursday the banks will have working hours from 10:00am to 4:00pm. It added that a prayer break will be given from 2:00pm to 2:15pm on these four days.

For Fridays, the office hours will be from 10.00am to 1:00pm without break.

For public dealing, the SBP said that banks will operate 10:00am to 1:30pm without break.

On the other hand, on Fridays banking hours for public dealing will be from 10:00am to 1:00pm.

"After the holy month of Ramadan-ul-Mubarak, the above timings will automatically be reverted to pre Ramadan-ul-Mubarak timings," said the SBP statement.

A day earlier, SBP had announced that it will remain closed for public dealings on the 1st of Ramadan which shall be observed as a “Bank Holiday” for the deduction of Zakat.

"All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1442 AH," a statement from the central bank said.