As May 2024 approaches, individuals with banking tasks on their agenda are advised to take note of the scheduled closures of bank branches across various cities throughout the month.
According to the Reserve Bank of India (RBI) Holiday list, bank branches will remain closed on specific days in May. However, while physical branch operations will be suspended, online banking services will continue uninterrupted.
For those planning visits to their bank branches for essential matters, it’s imperative to be aware of the number of days the branches will be closed in different cities throughout May 2024.
Bank holidays will vary, with some observed nationwide and others specific to certain states or regions. Many bank branches will remain closed in various states due to local festivities, emphasizing the importance of checking the holiday schedule before planning any visits.
In total, banks will be closed for 15 days in May. Nine of these days are as per the RBI holiday calendar, with the remainder due to weekends and state-declared holidays.
However, it’s essential to note that this total may vary across states and regions, with different areas observing different holidays. For instance, while a bank branch might be closed for Rabindranath Tagore’s birthday in West Bengal, it may remain open in other states like Goa or Bihar.
Below is a detailed list of bank holidays falling in May 2024:
Bank Holidays in May 2024:
- 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, but the specific bank holidays can vary between states and may not be observed by all banking companies. However, online banking services will remain operational throughout all bank holidays and weekends, enabling customers to carry out transactions conveniently through the banks’ websites, mobile apps, or ATMs. Nonetheless, for tasks requiring assistance from bank staff, it’s advisable to plan visits according to the bank holiday calendar.
