BankingBusiness

List of Bank Holidays in May 2023

The Reserve Bank of India (RBI) governs the majority of Indian banks’ operations, as well as banking hours and holidays. Financial institutions, both public and private, are closed on Sundays and the second and fourth Saturdays of each month.

Bank holidays in India occur in a variety of forms, including statutory holidays mandated by the banking sector and a host of festive and commemorative holidays sanctioned by various governments.

In May 2023, there will be just 12 days when many commercial and public sector banks would be closed due to bank holidays, including weekends. Banks will be closed for 12 days in May 2023, according to RBI guidelines, including the second and fourth Saturdays and Sundays.

All national holidays, as well as some provincial holidays, will be observed by banks. State governments designate regional holidays, which are not included on the RBI’s official website.

The month of May 2023 will have 12 bank holidays, the first of which is the Yearly Closing of Bank Accounts on May 1st, while other holidays, such as Mahavir Jayanti on May 4th, will be observed by banks across India, with the exception of a few states.

People will have little trouble with bank-related tasks because holidays are few and few between; ATMs, cash deposits, online banking, and mobile banking will all be operational. Because holidays are determined by local festivals, they may differ from one state to the next.

DatesDayHolidaysState
May 01, 2023MondayMaharashtra Day/May DayMany states in the country
May 05, 2023FridayBuddha PurnimaMany states in the country
May 07, 2023SundayWeekend HolidayAll Over India
May 09, 2023TuesdayBirth Anniversary of Rabindranath TagoreWest Bengal
May 13, 2023SaturdaySecond Saturday of the monthAll Over India
May 14, 2023SundayWeekend Bank HolidayAll Over India
May 16, 2023TuesdayState DaySikkim
May 21, 2023SundayWeekend HolidayAll Over India
May 22, 2023MondayMaharana Pratap JayantiMany states in the country
May 24, 2023WednesdayKazi Nazrul Islam JayantiTripura
May 27, 2023SaturdayFourth Saturday of the monthAll Over India
May 28, 2023SundayWeekend Bank HolidayAll Over India


Find Your Daily Dose of NEWS and Insights - Follow ViralBake on WhatsApp and Telegram

Stuti Talwar

Expressing my thoughts through my words. While curating any post, blog, or article I'm committed to various details like spelling, grammar, and sentence formation. I always conduct deep research and am adaptable to all niches. Open-minded, ambitious, and have an understanding of various content pillars. Grasp and learn things quickly.

Related Articles

Back to top button
Close

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!