The 23rd installment of the PM Kisan Yojana will be released on Saturday; will banks be closed or open on that day?

PM Kisan Yojana: The 23rd installment of the Pradhan Mantri Kisan Samman Nidhi Yojana is set to be released this Saturday. There is confusion among people—specifically the crores of farmers benefiting from the scheme—regarding whether banks will be open or closed on Saturday. They are wondering if banks will remain shut or operational on Saturday, June 20.

If you are a farmer and a beneficiary of the PM Kisan Yojana, and you want to know the status of bank operations on June 20, this information is for you. Let us find out whether banks will be open on June 20.

Will banks be closed on Saturday, June 20?
This week, Saturday falls on June 20. Generally, banks remain closed on two Saturdays a month and open on the other two. However, in months that have five Saturdays, banks remain open on three of them.

The Saturday falling on June 20 is the third Saturday of the month. According to RBI rules, banks remain closed on the second and fourth Saturdays of every month, in addition to Sundays; they remain open on the other Saturdays.

Since June 20 is the third Saturday of the month, banks will be open. This means customers and farmers can visit the bank to withdraw or deposit money.

Will farmers receive ₹2,000 in their accounts on June 20?
The 23rd installment of the PM Kisan Yojana will be released on Saturday, June 20, from Tarakeswar in the Hooghly district of West Bengal. A sum of ₹2,000 will be transferred to the accounts of over 9 crore farmers simultaneously. Eligible farmers will receive this amount in their bank accounts on this day. You can withdraw the money via UPI or at an ATM. If you do not use UPI, you can visit the bank to make the withdrawal. Since June 20 is the third Saturday of the month, banks will remain open. Since the launch of the PM Kisan Yojana in 2019, a sum of ₹4.28 lakh crore has been transferred to the accounts of over 9.44 crore farmers.

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