Bank Holidays 2021: There are 12 days in May 2021 when banks will stay shut
As many as 12 financial institution holidays are earmarked for the month of May as per the vacation checklist notified by the Reserve Bank of India (RBI). During nowadays, the operations of each private and non-private banks will stay closed.
Some of the key holidays falling this month are Id-Ul-Fitr, Buddha Purnima and Bhagvan Shree Parshuram Jayanti amongst others.
The holidays additionally embrace the second and fourth Saturdays because the banks stay closed throughout nowadays.Â
The holidays are notified by the RBI below three brackets — the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.Â
Not all states observe financial institution holidays as they differ in line with the traditions and norms noticed in every place. Only gazetted holidays are noticed by banks all around the nation.
Here is the entire checklist of financial institution holidays in May 2021:
May 1, 2021: Maharashtra Din/May Day (Labour Day)
May 2, 2021: Sunday
May 7, 2021: Jumat-ul-Vida
May 8, 2021: Second Saturday
May 9, 2021: Sunday
May 13, 2021: Ramzan-Id (Id-Ul-Fitr) (Shawal-1)
May 14, 2021: Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya
May 16, 2021: Sunday
May 22, 2021: Fourth Saturday
May 23, 2021: Sunday
May 26, 2021: Buddha Purnima
May 30, 2021: Sunday
