• Source:JND

PM Kisan Yojana 23rd Installment: The 23rd installment of the Pradhan Mantri Kisan Samman Nidhi Yojana will be released this Saturday, June 20. Farmers across the country are confused about whether banks will be open or closed on the day of credit. Let us find out

Will Banks Be Closed On Saturday, June 20?

This week's Saturday falls on June 20. Banks are closed on two Saturdays and open on two Saturdays per month. In months with five Saturdays, banks are open on three Saturdays.

The Saturday falling on June 20 will be the third Saturday of the month. RBI rules require banks to be closed on the second and fourth Saturdays of each month, in addition to Sundays. Banks remain open on other Saturdays.

June 20 is the third Saturday of the month, so banks will be open on this day. This means that customers and farmers can go to the bank to withdraw or deposit money.

ALSO READ: PM Kisan 23rd Installment: eKYC Is Mandatory To Receive Rs 2,000, Check Steps To Do It Online

Will Rs 2,000 Each Be Deposited In Accounts Of Farmers On June 20?

The 23rd installment of the PM Kisan Yojana will be released on Saturday, from Tarakeswar in Hooghly, West Bengal. An amount of Rs 2,000 each will be transferred to the accounts of over 9 crore farmers simultaneously. You can also withdraw money from an ATM using UPI. If you do not use UPI, you can also withdraw it at a bank.

Since the launch of PM Kisan Yojana in 2019, an amount of Rs 4.28 lakh crore has been sent to the accounts of more than 9.44 crore farmers.

ALSO READ: PM-KISAN Update: Installment Stuck Due To Data Errors? Here's How To Fix It And Reclaim Benefits

Who Are Eligible For The Scheme?

Only those farmers whose names are included in the official beneficiary list will receive the payment. Additionally, they must ensure that all required formalities are completed, including:

-e-KYC verification

-Linking Aadhaar with bank accounts

-Verification of land records

-Incomplete or incorrect details may result in delayed or withheld payments


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