In this article we will provide the information about Jana Small Finance Bank Timings which includes lunch time, office working hours.
Jana Small Finance Bank, a dynamic player in the finance sector, commenced its operations on March 28, 2018.
Governed by the Banking Regulation Act of 1949, this institution operates under the vigilant oversight of the Reserve Bank of India.
Notably, its roots trace back to the transformation of Janalakshmi Financial Services, once India’s leading microfinance company since its inception on July 24, 2006.
JANA SMALL FINANCE BANK’S OPERATIONAL TIMINGS
DAY BUSINESS HOURS
Timings on Weekdays (Monday to Friday) 10:00 a.m. to 04:00 p.m.
Timings on Saturdays 10:00 a.m. to 04:00 p.m.
Bank Office Timings on 2nd and 4th Saturdays CLOSED
Bank Office Timings on Sundays CLOSED
Bank Lunch Timings 1:00 p.m to 2:00 pm
IMPS/UPI Transfer Timings IMPS/UPI Services available for 24×7 through Mobile banking.
NEFT Transfer Timings 10:00 a.m. to 04:00 p.m.
RTGS Transfer Timings 10:00 a.m. to 04:00 p.m.
The bank’s operating hours align with the rhythm of the workweek, ensuring convenience for its patrons:
Weekdays (Monday to Friday): 10:00 a.m. to 04:00 p.m.
Saturdays (Except 2nd and 4th Saturdays): 10:00 a.m. to 04:00 p.m.
2nd and 4th Saturdays: Closed
Sundays: Closed
BALANCING ACT: LUNCH TIMINGS AND CUSTOMER SERVICE
The Lunch hour at Jana Small Finance Bank falls primarily between 01:00 and 02:00 p.m.
A distinctive feature of the bank’s service ethos is its synchronized break times, where employees regroup to serve customers who visit during these designated lunch hours.
This thoughtful approach ensures an uninterrupted and customer-centric banking experience.
SEAMLESS FUND TRANSFERS: NEFT AND RTGS OPERATIONS
NEFT Transfer Time:
The bank’s NEFT services operate round the clock, embracing a 24×7 framework.
NEFT facilitates electronic fund transfers between diverse banks, following the stipulated RBI settlement cycles within the NEFT system.
RTGS Transfer Time:
Jana Small Finance Bank adheres to the stipulations outlined by the Reserve Bank of India for Real-Time Gross Settlement (RTGS) Transactions. The timing for RTGS transfers spans from Monday to Saturday, commencing at 7 a.m. and concluding at 5 p.m. Exceptions encompass 2nd and 4th Saturdays, alongside other holidays declared by the RBI.
TRANSITIONING THROUGH CHALLENGES: A JOURNEY FROM MICROFINANCE TO SMALL FINANCE
The institution’s narrative takes a significant turn following the demonetization of Indian banknotes in 2016. Formerly entrenched as a microfinance lender, Jana Small Finance Bank faced substantial setbacks during this period.
The pivotal transformation into a small finance bank was accompanied by a substantial financial hit, amounting to a staggering ₹2,504 crore (equivalent to 356 million US dollars).
An encouraging milestone arrived in November 2019 when the bank reported its first profitable quarter post-demonetization, marking a turning point in its trajectory.
EARNING ITS STRIPES: SCHEDULED BANK STATUS AND LEADERSHIP
An esteemed accolade was bestowed upon Jana Small Finance Bank when it achieved the status of a Scheduled bank.
The Indian Government, in a significant move on July 27, 2019, included the bank in the revered list of institutions falling under the 2nd Schedule of the RBI Act, 1934. Steering the helm of this institution is the accomplished Ajay Kanwal, who serves as the current CEO.
CONCLUSION ON JANA SMALL FINANCE BANK TIMINGS
Jana Small Finance Bank’s journey is a testament to resilience and adaptability within the dynamic financial landscape.
From its origins in microfinance to its current stature as a Scheduled bank, the institution has undergone remarkable transformations.
Its meticulous attention to operational timings, customer service, and seamless fund transfers cements its reputation as a customer-centric financial ally, all while adhering to the regulatory guidelines set forth by the Reserve Bank of India.
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