Bank Holidays In May 2024: Banks To Remain Shut On These Days; Check Details

Bank Holidays In May 2024: People planning to visit the bank this month should keep these days in their accounts before visiting a nearby branch. However, internet banking services will remain active

Bank Holidays In May 2024: Banks to remain shut for 12 days

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Bank Holidays May 2024: The Reserve Bank of India (RBI) has released its list of holidays, indicating that banks will be closed for 12 days during the month of May. This includes all Sundays, and the second and fourth Saturdays. Additionally, some states will observe bank closures due to Lok Sabha elections. Furthermore, festivities such as Rabindranath Tagore’s birth anniversary, Nazrul Jayanti, and Akshaya Tritiya will contribute to the bank closures. 

According to the RBI guidelines, bank holidays in India are categorised into three types: those governed by the Negotiable Instruments Act, holidays under the Negotiable Instruments Act Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts.

It's worth noting that closures may not occur simultaneously across all states. However, internet banking services will remain operational during these holidays. People planning to visit the bank this month should keep these days in their accounts before visiting a nearby branch to avoid any inconvenience.

List Of Bank Holidays In May 2024:

May 1: Banks will remain shut on the occasion of Maharashtra Day/May Day (Labor Day) in Belapur, Bengaluru, Chennai, Guwahati, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna and Thiruvananthapuram.

May 5: Sunday

May 8: All banks in Kolkata will remain shut on the occasion of Rabindranath Tagore's birth anniversary (Rabindra Jayanti).

May 10: Banks will remain closed in Bengaluru on the occasion of Basava Jayanti/Akshaya Tritiya.

May 11: Second Saturday

May 12: Sunday

May 16: All banks in Gangtok will remain shut on the occasion of the State Day holiday.

May 19: Sunday

May 20: Banks in Belapur and Mumbai will remain shut for the Lok Sabha general elections 2024.

May 23: Banks will remain shut in Agartala, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Itanagar, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar on the occasion of Buddha Purnima.

May 25: Fourth Saturday 

May 26: Sunday