The timings of all public sector banks have been changed in Mumbai and the rest of Maharashtra from today, to improve convenience and ease of banking for customers. The new rules define banking hours based on whether the branch is located in a residential or commercial area. The timings in one particular area will be uniform all over the state.
Here are the new bank timings:

1. The new banking hours in residential areas are from 9 am to 4 pm while for customers the banking hours are from 9 am to 3 pm.
2. In commercial areas, banking hours are from 11 am to 6 pm but for customers, the banks will close an hour early at 5 pm.
3. In all other areas, banks will now function from 10 am to 5 pm. For customers, these banks will shut doors at 4 pm.
4. These timings apply to all public sector banks like the State Bank of India (SBI), Bank of Baroda, Punjab National Bank, Canara Bank, Corporation Bank, etc.

Read EquityPandit’s Nifty Bank Outlook for the Week