Bank Holidays May 2024: Banks to be closed for upto 15 days in May, check list
Bank Holidays May 2024: Banks to be closed for upto 15 days in May, check list
If you’re planning any important banking tasks next month, it’s crucial to be aware of the days when bank branches will be closed across various cities in May 2024.
Bank branches will observe closures on specific days in May according to the Reserve Bank of India (RBI) Holiday list. While physical branch operations will be suspended, online banking services will remain operational.
Be sure to note the number of days when branches will be closed in different cities throughout May 2024 if you need to visit your bank branch for any important matters.
While some bank holidays will be observed nationwide, others will be specific to certain states or regions. Many bank branches will be closed in various states due to local festivities, so it’s essential to check the holiday schedule before planning any visits.
In total, banks will be closed for 15 days in May – nine as per the RBI holiday calendar and the rest due to weekends and state-declared holidays.
However, it’s important to note that this total may vary across states and regions, with different areas observing different holidays. For example, a bank branch might be closed for Rabindranath Tagore’s birthday in West Bengal but remain open in other states like Goa or Bihar.
Here is an elaborate list of bank holidays falling in the month of May 2024. Check out the list.
- Maharashtra Din/May Day (Labour Day): May 1
- Lok Sabha General Elections 2024: May 7
- Birthday of Rabindranath Tagore: May 8
- Basava Jayanti/Akshaya Tritiya: May 10
- Lok Sabha General Elections 2024: May 13
- State Day: May 16
- Lok Sabha General Elections 2024: May 20
- Buddha Poornima: May 23
- Nazrul Jayanti/Lok Sabha General Elections 2024: May 25
- Weekends and Second Saturdays
- May 5: Sunday
- May 11: Second Saturday
- May 12: Sunday
- May 19: Sunday
- May 25: Fourth Saturday
- May 26: Sunday
The Reserve Bank of India categorizes holidays under three brackets – Holiday under the Negotiable Instruments Act; Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays; and Banks’ Closing of Accounts. However, the specific bank holidays can vary between states and may not be observed by all banking companies. The holidays also depend on festivals or occasions specific to each state.
While branches may be closed on certain days, online banking services will continue to function seamlessly throughout all bank holidays and weekends. Customers can conduct their banking activities conveniently through the banks’ websites, mobile apps, or ATMs for urgent transactions. However, for tasks requiring assistance from bank staff, it’s advisable to plan visits according to the bank holiday calendar.
