Banks to remain closed for up to 12 days in May in several states; Check full holiday list

According to the Reserve Bank of India (RBI) bank holiday calendar, banks in most of the states will remain closed on May 14, 2021, on account of Eid-UI-Fitra

Banks to remain closed for up to 12 days in May in several states; Check full holiday list

New Delhi: Banks across India will remain shut for up to 12 days in several cities in May 2021. These holidays include weekends and festivals. According to the RBI guideline, banks remain shut on public holidays while certain holidays vary from state to state. Only the gazetted holidays are observed by banks all over the country.

All-India holidays include Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25). Festivals like Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday, and so on are also bank holidays. Aside from National Holidays, both private and public sector banks remain closed on the second, fourth Saturday, and all Sundays of each month.

According to the Reserve Bank of India (RBI) bank holiday calendar, banks in most of the states will remain closed on May 14, 2021, on account of Eid-UI-Fitra. In May, most banks including the public sector, private sector, foreign banks, cooperative banks and regional banks, will observe holidays on May 1, May 7, May 13, May 14 and May 26 on account of Labour Day, Jumat-ul-Vida, Id-Ul-Fitr, Akshaya Tritiya and Buddha Pournima, respectively. Remember that banks will not be closed for all five days in all states as holidays vary from state to state. 

State-wise holidays in May:
1 May - Maharashtra Din/May Day (Labour Day)
7 May - Jumat-ul-Vida
13 May - Ramzan-Id (Id-Ul-Fitr) (Shawal-1)
14 May - Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya
26 May - Buddha Pournima

Bank Holidays May 2021

Weekend holidays in May:
2 May - Weekly off (Sunday)
8 May - Second Saturday
9 May - Weekly off (Sunday)
16 May - Weekly off (Sunday)
22 May - Fourth Saturday
23 May - Weekly off (Sunday)
30 May - Weekly off (Sunday)

Banks to remain open on May 1,7,13,14 and 26 in these states:

Banks across Agartala, Ahmedabad, Aizwal, Bhopal, Bhubaneshwar, Chandigarh, Dehradun, Gangtok, Jaipur, Jammu, Kanpur, Lucknow, New Delhi, Raipur, Ranchi, Shillong, Shimla, and Srinagar will remain functional on May 1. Except for banks in Jammu and Shimla, banks in all other states will remain open. On May 13, only banks in Belapur, Jammu, Kochi, Mumbai, Nagpur, Srinagar and Thiruvananthapuram will observe a holiday. 

On May 14, banks in most of the states will remain closed, barring states such as Belapur, Jammu, Kochi, Mumbai, Nagpur, Srinagar and Thiruvananthapuram. Similarly, on Buddha Pournima (May 26), banks in Ahmedabad, Aizwal, Bengaluru, Bhubaneshwar, Chennai, Gangtok, Guwahati, Hyderabad, Imphal, Jaipur, Kochi, Panaji, Patna, Shillong and Thiruvananthapuram will remain functional.

Bank customers planning a visit to their respective banks in the month of May are advised to plan their visit in accordance with the bank holidays. While the bank branches will remain closed on these days, mobile and internet banking will remain functional as usual. Customers can make transactions through online modes.

Source: TimesNowNews