Bank Holidays May 2023: Banks to be Shut for 12 Days In May; Check Full List Here

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Bank Holidays May 2023: Banks to be Shut for 12 Days In May; Check Full List Here


Last Updated: April 25, 2023, 15:37 IST

Banks will be shut for 12 days in May 2023

Banks will be shut for 12 days in May 2023 together with second and fourth Saturdays and Sundays

Bank Holidays May 2023: Banks will be shut for 12 days in May 2023 together with second and fourth Saturdays and Sundays. As per the Reserve Bank of India (RBI) pointers, banks will be closed on all public holidays with some regional holidays relying on the actual state. Regional holidays are determined by respective state governments.

The holidays come into impact beneath three classes, together with ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. One vacation is efficient on account of ‘Banks’ Closing of Accounts’ on April 1 when a majority of banks throughout the nation stay closed, whereas ‘Holiday under Negotiable Instruments Act’ categorisation sees the best variety of holidays.

There are 4 holidays beneath Negotiable Act in My, out of which three have already been exhausted. The remining one vacation will be used up on Monday, after which each financial institution vacation will be a weekend go away. It should be famous on this regard that financial institution vacation comes into impact, generally, in accordance to the area one explicit department is positioned in. This signifies that most financial institution holidays are area particular.

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
If you’re a Sikkim resident, you may you may take pleasure in an extended weekend of 4 days from May 13 to May 16 for those who take go away on May 15. Banks will stay closed on May 13 (second Saturday), May 14 (Sunday) and May 16 for Sikkim Day.
People won’t face any issues with bank-related work as holidays are usually not frequent or are at brief intervals; ATMs, money deposits, on-line banking and cell banking will proceed to operate. These holidays might fluctuate from state to state as holidays are decided protecting in thoughts the native festivals.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the enterprise vertical of News18.com. Among different issues, monetary market, financial system and insurance policies curiosity her …Read More



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