Bank Holidays in May 2023: According to the list released by the Reserve Bank of India (RBI), banks will remain closed for 12 days in May.
However, the bank holiday list also includes second Saturdays and Sundays. In some holidays, banks will remain closed only in those states where there is a festival or anniversaries. Whereas, banks remain closed all over the country on some gazetted holidays.
Banks will remain closed for 12 days in May: Here is the complete list of holidays
May 1 (Monday): May Day, Maharashtra Day
May 5 (Friday): Buddha Purnima – Delhi, Haryana, Maharashtra, Punjab, Uttar Pradesh, West Bengal, Uttarakhand, Assam, Bihar, Gujarat, Arunachal Pradesh, Chhattisgarh
May 7: Sunday
May 9 (Tuesday): Birthday of Rabindranath Tagore
May 13: Second Saturday
May 14: Sunday
16 May (Tuesday): Statehood Day – Sikkim
May 21 : Sunday
May 22 (Monday): Maharana Pratap Jayanti – Gujarat, Haryana, Himachal Pradesh, Punjab, Rajasthan
May 24 (Wednesday): Kazi Nazrul Islam Jayanti – Tripura
May 27: Fourth Saturday
May 28 : Sunday
Work can be done through online banking
While banks will remain closed for 12 days in May, online banking services will continue to be available on all these days. However, customers will not be able to deposit and withdraw cash in banks. Withdraw money from ATM only.
These are the categories of bank holidays
National Holiday also known as Gazetted Holiday. This includes three days Republic Day, Independence Day and Mahatma Gandhi Jayanti. Banks and financial institutions remain closed on these days. Government holidays are further divided into two categories State Government Bank Holidays and Central Government Bank Holidays. Central government bank holidays are observed throughout the country, while state government bank holidays are observed only in that state.
Banks remain closed even these days
Apart from national holidays and government holidays, banks in India are closed on the second and fourth Saturdays of every month. However, if there are 5 Saturdays in a month, then the banks work on the fifth Saturday. Earlier banks used to work for half a day on every Saturday.
