List of Bank Holidays in May 2024 (Updated List)
In May 2024, banks across India will experience a series of closures, impacting both private and public sector institutions. The Reserve Bank of India (RBI) has categorized these holidays under various laws and circumstances including the Negotiable Instruments Act and election-related closures. This guide provides an in-depth look at the bank holidays for May 2024, helping customers plan their banking activities to avoid any inconvenience.
Also Read:
Contents
How Many Days Are Banks Closed in May 2024?
Banks will be closed for up to 14 days in May 2024. These include closures due to national and regional holidays, Lok Sabha Election 2024, and regular weekly offs.
Will Internet Banking and ATMs Remain Operational on Bank Holidays?
Yes, internet banking services and Automated Teller Machines (ATMs) will remain operational during the bank holidays. Customers can still carry out transactions online or withdraw cash from ATMs, even when bank branches are closed.
Are Weekends Included in the Holidays?
Yes, weekends are included in the bank holidays. Specifically, all Sundays of the month and the second and fourth Saturdays are designated as regular bank holidays.
List of Bank Holidays in May 2024
Here’s a detailed look at the specific dates and occasions for bank closures throughout May 2024:
| Date | Day | Holiday | Region Affected |
|---|---|---|---|
| May 1 | Wednesday | International Labour’s Day/Maharashtra Day | Belapur, Bengaluru, Chennai, Guwahati, Hyderabad, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, Thiruvananthapuram |
| May 7 | Tuesday | Lok Sabha General Elections 2024 | Gujarat, Madhya Pradesh, Goa |
| May 8 | Wednesday | Rabindranath Tagore’s Birthday | West Bengal |
| May 10 | Friday | Akshaya Tritiya | Karnataka |
| May 13 | Monday | Lok Sabha General Elections 2024 | Srinagar |
| May 16 | Thursday | State Day | Sikkim |
| May 20 | Monday | Lok Sabha General Elections 2024 | Maharashtra |
| May 23 | Thursday | Buddha Purnima | Tripura, Mizoram, Madhya Pradesh, Chandigarh, Uttar Pradesh, Arunachal Pradesh, Jammu, Lucknow, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, Srinagar |
| May 25 | Saturday | Nazrul Jayanti/Lok Sabha General Elections 2024 | Tripura, Orissa |
| May 11, 25 | Saturdays | Second and Fourth Saturdays | Nationwide |
| May 4, 12, 18, 26 | Sundays | Sundays | Nationwide |
Conclusion
With the detailed list of bank holidays in May 2024, customers are encouraged to plan their banking tasks accordingly. While traditional banking services will pause on these days, digital banking platforms and ATMs will continue to provide uninterrupted services, ensuring that customers have access to their funds and transaction capabilities at all times
