Bank Holidays in May 2024: All Indian Banks Will Be Closed for 12 Days; View Detailed Schedule Here

Bank clients in India are urged to put a number of important holidays on their calendars as we approach the end of April and the beginning of May. Bank closures are scheduled for a total of 12 days, thus organizing beforehand is crucial to ensuring seamless financial activities all month long.

May 1st, which is celebrated nationally as Maharashtra Din and Labor Day, marks the beginning of the month and results in the closure of all banks. After a short break on Sunday, May 5th, focus shifts to May 8th, Rabindranath Tagore’s Birth Anniversary, which is celebrated only in Kolkata.

Going ahead, May 10th is Basava Jayanti, also known as Akshaya Tritiya, a major holiday observed in Bengaluru, and May 11th is the Second Saturday, which means that banks throughout the country will be closed. Both bank clients and workers may take advantage of another day of relaxation on Sunday, May 12.

As the month goes on, Gangtok celebrates State Day on May 16th, which results in the closing of banks in the area. Another Sunday, May 19, 2024, is a rest day before to the Lok Sabha General Elections, which will affect banking services in Mumbai and Belapur on that day.

Buddha Pournima is observed on May 23. Banks close in these areas. The festival is observed in a number of towns, including Agartala, Aizawl, Bhopal, Chandigarh, Dehradun, Itanagar, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar.

May 25th is Nazrul Jayanti and Fourth Saturdays, which culminate in countrywide bank closures, and May 26th is another Sunday as the month comes to an end.

In the middle of all these vacations, people need to carefully organize their financial actions. Even while banks could be closed, users can still access internet banking and ATMs, which will make necessary transactions more convenient.

In order to minimize any disruption, consumers are advised to plan ahead for any transactions, whether they involve monitoring assets, paying bills, or transferring money. Furthermore, monitoring account balances and making sure there are enough cash on hand in advance might assist lessen any unanticipated difficulties during bank closures.

These holidays are significant not just historically but culturally, and outside the realm of financial management. By celebrating these holidays, people strengthen bonds between communities and honor their cultural heritage at the same time.