The Reserve Bank of India (RBI) has released the list of bank holidays for May, with banks set to remain closed for a total of 14 days this month. The closures include public holidays, regional holidays, and regular closures on the second and fourth Saturdays, as well as all Sundays. In states observing specific festivals, banks will remain shut only in those states.
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The list of bank holidays, prepared by the RBI for every month, is notified under three categories: Negotiable Instruments Act Holiday, Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts. This calendar helps banks and the public plan their transactions accordingly.
Here is the complete list of national and regional holidays for May 2024:
- May 1 (Wednesday): Maharashtra Din/May Day (Labour Day) – Banks will be closed in Belapur, Bengaluru, Chennai, Andhra Pradesh, Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram.
- May 5 (Sunday): Weekend – Banks closed in all States.
- May 7 (Tuesday): Lok Sabha General Elections 2024 – Banks to remain closed in Ahmedabad, Bhopal, Panaji, Raipur.
- May 8 (Wednesday): Birthday of Rabindranath Tagore – Banks closed in Kolkata.
- May 10 (Friday): Basava Jayanti/Akshaya Tritiya – Banks closed in Bengaluru.
- May 12 (Sunday): Weekend – Banks closed in all States.
- May 13 (Monday): Lok Sabha General Elections 2024 – Banks will be closed in Srinagar.
- May 16 (Thursday): State Day – Banks closed in Gangtok.
- May 19 (Sunday): Weekend – Banks closed in all States.
- May 20 (Monday): Lok Sabha General Elections 2024 – Banks to be closed in Belapur and Lucknow.
- May 23 (Thursday): Buddha Pournima – Banks will be shut in Agartala, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar.
- May 25 (Saturday): Nazrul Jayanti/Lok Sabha General Elections 2024 – Banks to remain closed in Agartala and Bhubaneswar.
- May 26 (Sunday): Weekend – Banks closed in all States.
It is advised that you plan your bank-related work accordingly. It must be noted that facilities like online banking and UPI will not be affected during these holidays despite the branches being shut.
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