Bank Holiday: Bank will be closed for 4 days from May 23
All public sector banks, including the largest lender State Bank of India (SBI), have at least ten holidays this month (May 2024). This includes Saturday off every second and fourth week and all non-working Sundays every week.
Bank Holidays: Bank customers across states will have to plan four days holiday this week from May 23-26 due to Buddha Purnima, Nazrul Jayanti/2024 General Elections and Saturday-Sunday weekend leaves. Bank Holiday: Bank will be closed for 4 days from May 23.
All public sector banks, including the largest lender State Bank of India (SBI), have at least ten holidays this month (May 2024). This includes Saturday off every second and fourth week and all non-working Sundays every week. The complete list is below. The central bank, or the Reserve Bank of India (RBI), decides all the bank holiday calendars of the year along with the declared state government holidays.
Not all religious festivals or regional customs are observed uniformly and hence are not recognized as non-working days in all states nationwide. So, please confirm all holidays and holidays at your nearest branch to avoid any inconvenience.
Bank holidays in May 2024:
Bank Holiday on May 1: Banks in India and Maharashtra will be closed due to May Day/Labour Day and Maharashtra Day.
May 8 Bank Holiday: Banks will be closed in West Bengal on the birth anniversary of the great Rabindranath Tagore.
May 10 Bank Holiday: Bank holiday due to Akshaya Tritiya festival.
May 23 Bank Holiday: Banks are closed on the occasion of Buddha Purnima.
Bank holiday: Banks in some states will be closed on May 24 for Nazrul Jayanti and the next phase of 2024 Lok Sabha elections.
Bank Holiday in regular weekend:
Banks will be closed on May 11, the second Saturday
Banks will be closed on May 25, the fourth Saturday
Bank Holiday on Sundays: May 4, 12, 18 and 26
Online banking facilities, ATMs are open
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Regardless of holidays, banks’ online facilities will function uninterrupted on all non-working days. Thus, you can carry out urgent bank-related tasks and transactions using banks’ websites, mobile apps or ATMs.
The Central Bank has issued a complete list of bank holidays for the year based on various factors including national/state holidays, cultural or religious observances, operational needs, government announcements and coordination with other banks. RBI shares this schedule through official channels like its website and notifications to banks and other financial institutions.
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