Bank Holidays May 2024: Banks To Be Closed For Upto 15 days In May, Check City-Wise List

If you are planning to visit your bank branch for any important work next month, you must note down the number of days when branches will be closed in various cities in the month of May 2024.

New Delhi: Bank branches will remain closed during certain days in the month of May in several cities of the country as per the Reserve Bank of India (RBI) Holiday list. Though branches will be closed for physical operations, online banking activities will continue to work.

Hence, if you want to visit your bank branch for any bank related important work next month, you must note down the number of days when branches will be closed in various cities in the month of May 2024.

While some bank holidays will be observed nation-wide, some others will be local holidays. Several bank branches will remain closed in various states owing to these festivities. Before visiting your bank branch in the month of May, you must note down the list of important days during which banks will remain closed.

Banks will remain closed for total 15 days in the month of May– 9 as per the Reserve Bank of India (RBI) holiday calendar list and the remaining days are that of weekends and state declared holiday.

However, you must note that the banks will NOT be closed for 15 days in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays.

For example bank branches might be closed for Birthday of Rabindranath Tagore in West Bengal but NOT CLOSED for the same in Goa, Bihar or other states.

Here is an elaborate list of bank holidays falling in the month of May 2024. Check out the list.

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 Pournima: May 23
Nazrul Jayanti/Lok Sabha General Elections 2024: May 25

Weekends and Second Saturdays

May 4: Sunday

May 11: Second Saturday

May 12: Sunday

May 18: Sunday

May 25: Fourth Saturday

May 26: Sunday

Reserve Bank of India places its Holidays under three brackets --Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.

Holidays of the mentioned days will be observed in various regions according to the state declared holidays, however for the gazetted holidays, banks will be closed all over the country.