Banks will be shut for 12 days in May as per the list of holidays released by the Reserve Bank of India (RBI). The bank holidays list in May, however, includes second Saturdays and Sundays. Bank Holidays: Bank will again close for 12 days from May 1.
Some of the holidays in the list are specific to certain states only or regional holidays while few are designated as public holidays. If you are a Sikkim resident, you can you can enjoy a long weekend of four days from May 13 to May 16 if you take leave on May 15. Banks will remain closed on May 13 (second Saturday), May 14 (Sunday) and May 16 for Sikkim Day.
Though the banks will remain shut for 12 days, customers should not worry because online internet banking services will be available as usual. Customers will not be able to deposit and withdraw cash from the bank physically but the rest of the internet services can be availed without any inconvenience.
The RBI has categorised bank holidays into two categories – National Holidays and Government Holidays. National holidays include three major days: Republic Day, Independence Day, and Mahatma Gandhi Jayanti. On these days, banks and financial institutions are closed for operations.
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Full List of Bank Holidays in May 2023:
May 1 (Monday): May Day, Maharashtra Day
May 5 (Friday): Buddha Purnima – Delhi, Haryana, Maharashtra, Punjab, Uttar Pradesh, West Bengal, Uttarakhand, Assam, Bihar, Gujarat, Arunachal Pradesh, Chhattisgarh
May 7: Sunday
May 9 (Tuesday): Rabindranath Tagore’s birthday
May 13: Second Saturday
May 14: Sunday
May 16 (Tuesday): State Day – Sikkim
May 21: Sunday
May 22 (Monday): Maharana Pratap Jayanti – Gujarat, Haryana, Himachal Pradesh, Punjab, Rajasthan
May 24 (Wednesday): Kazi Nazrul Islam Jayanti – Tripura
May 27: Fourth Saturday
May 28: Sunday.
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