As we gear up for the month of May, it’s essential to note that banks across India will observe closures for a total of 12 days, as per the Reserve Bank of India’s (RBI) holiday schedule for May 2024.
This includes weekends and specific state holidays, along with notable festivals and events.
Closure Overview
During May, banks will remain closed on all Sundays, except for the second and fourth Saturdays, as part of their regular schedule.
Additionally, closures will vary across states due to regional holidays and the Lok Sabha elections.
Notable Holidays and Closures
- May 1: Maharashtra Day/May Day (Labor Day) – Banks in specific locations including Belapur, Bengaluru, Chennai, and others will remain closed.
- May 5: Sunday – All banks nationwide will be closed.
- May 8: Birth anniversary of Rabindranath Tagore (Rabindra Jayanti) – Banks in Kolkata will observe closure.
- May 10: Basava Jayanti/Akshay Tritiya – Banks in Bengaluru will remain closed.
- May 11: Second Saturday – Banks across India will be closed.
- May 12: Sunday – All banks nationwide will be closed.
- May 16: State Day – Banks in Gangtok will remain closed.
- May 19: Sunday – All banks nationwide will be closed.
- May 20: Lok Sabha general election 2024 – Banks in Belapur and Mumbai will be closed.
- May 23: Buddha Purnima – Banks in various states including Agartala, Aizawl, Kolkata, and others will remain closed.
Internet Banking Continuity
Despite these closures, it’s important to note that internet banking services will continue to operate during holidays, ensuring uninterrupted access for customers.
RBI’s Holiday List
Refer to the RBI’s comprehensive list for specific closures across different states and cities in May 2024, allowing for better planning and awareness regarding bank closures.
