Bank holidays in May 2024: Banks are closed for up to 14 days; check state-wise list here | India Business News – Times of India

Bank holidays May 2024: If you’re planning to visit your local bank in May 2024, it’s important to know the bank holidays throughout the month. According to the Reserve Bank of India (RBI) holiday calendar, banks will be closed for up to 14 days, including Sundays, the second and fourth Saturdays, and additional regional holidays.

National bank holidays

All national banks will be closed on certain days throughout May 2024.The national bank holidays include the following:
– Second Saturday: May 11
– Fourth Saturday: May 25
– Sundays: May 5, 12, 19, and 26

Regional bank holidays

In addition to the national holidays, some states have additional bank holidays to celebrate regional festivals or important events. Here’s a list of additional holidays in May 2024:
– May 7 (Tuesday): Lok Sabha General Elections 2024 (Gujarat, Madhya Pradesh, Goa)
– May 8 (Wednesday): Birthday of Rabindranath Tagore (West Bengal)
– May 10 (Friday): Basava Jayanti/Akshaya Tritiya (Karnataka)
– May 13 (Monday): Lok Sabha General Elections 2024 (Srinagar)
– May 16 (Thursday): State Day (Sikkim)
– May 20 (Monday): Lok Sabha General Elections 2024 (Maharashtra)
– May 23 (Thursday): Buddha Purnima (Tripura, Mizoram, Madhya Pradesh, Chandigarh, Uttar Pradesh, Arunachal Pradesh, Jammu, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, Srinagar)
– May 25 (Saturday): Nazrul Jayanti/Lok Sabha General Elections 2024 (Tripura, Orissa)
ALSO READ | Bank holidays 2024: Full list of national and state-wise banking holidays here

Bank holiday categories

According to the RBI, bank holidays fall under three main categories:
1. Holiday under the Negotiable Instruments Act
2. Holiday under the Negotiable Instruments Act and Real Time Gross Settlement Holiday
3. Banks’ Closing of Accounts
Plan ahead
Bank holidays can impact financial transactions and services. To avoid inconvenience, check with your local bank branch for any additional closures specific to your region. Remember that bank holidays in India are determined by the RBI and state governments, and can vary based on local customs.

Bank holidays in May 2024: State-wise list