Banks in India will be closed for up to 14 days in May 2024, including Sundays and the second and fourth Saturdays, according to the Reserve Bank of India holiday calendar schedule.
The Reserve Bank of India (RBI) holiday list notes that on May 1, 2024, banks will be closed in some states in observance of Maharashtra Day and May Day.
Also read: Changes in saving account charges, credit card rules, special FD deadlines: 5 money changes in May 2024
Here is a look at the states where banks will be closed on Wednesday, May 1.
State-wise list: Bank holiday on May 1
May 1 – May Day – ( Wednesday)- Banks are closed in Maharashtra, Karnataka, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, Bengal, Goa, Bihar.
What is May Day (Labour Day)
International Workers’ Day, also known as Labour Day in certain countries and commonly referred to as May Day, is a celebration of workers and the working classes that is sponsored by the international labour movement and occurs every year on May 1st.What is Maharashtra day
Maharashtra Day, also known as Maharashtra Din, is a state holiday celebrated in the Indian state of Maharashtra to commemorate the state’s creation.
Other holidays in May 2024
May 7- Lok Sabha General Elections 2024( Tuesday)- Gujarat, Madhya Pradesh, Goa.
May 8- Birthday of Rabindranath Tagore(Wednesday)- Banks are closed in Bengal.
May 10- Basava Jayanti/Akshaya Tritiya- Banks are closed in Karnataka.
May 13- Lok Sabha General Elections 2024- (Tuesday)- Srinagar
May 16- State Day- (Thursday)- Banks closed in Sikkim.
May 20- Lok Sabha General Elections 2024- (Monday)- Banks closed in Maharashtra.
May 23-Buddha Pournima (Thursday)- Banks are closed in Tripura, Mizoram, Madhya Pradesh, Chandigarh, Uttar Pradesh, Arunachal Pradesh, Jammu, Lucknow, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, Srinagar.
May 25- Nazrul Jayanti/Lok Sabha General Elections 2024(fourth Saturday)- Banks are closed in Tripura, Orissa.
Also read: Bank holidays in May 2024: Banks are closed for 14 days across states; here is the state-wise holiday list for May
According to the Reserve Bank of India bank holidays are categorised under these heads:
· Holiday under Negotiable Instruments Act
· Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
· Banks’ Closing of Accounts.
May-24 | 1 | 7 | 8 | 10 | 13 | 16 | 20 | 23 | 25 |
Agartala | • | • | |||||||
Ahmedabad | • | ||||||||
Aizawl | • | ||||||||
Belapur | • | • | • | ||||||
Bengaluru | • | • | |||||||
Bhopal | • | • | |||||||
Bhubaneswar | • | ||||||||
Chandigarh | • | ||||||||
Chennai | • | ||||||||
Dehradun | • | ||||||||
Gangtok | • | ||||||||
Guwahati | • | ||||||||
Hyderabad – Andhra Pradesh | • | ||||||||
Hyderabad – Telangana | • | ||||||||
Imphal | • | ||||||||
Itanagar | • | ||||||||
Jaipur | |||||||||
Jammu | • | ||||||||
Kanpur | • | ||||||||
Kochi | • | ||||||||
Kohima | |||||||||
Kolkata | • | • | • | ||||||
Lucknow | • | ||||||||
Mumbai | • | • | • | ||||||
Nagpur | • | • | |||||||
New Delhi | • | ||||||||
Panaji | • | • | |||||||
Patna | • | ||||||||
Raipur | • | • | |||||||
Ranchi | • | ||||||||
Shillong | |||||||||
Shimla | • | ||||||||
Srinagar | • | • | |||||||
Thiruvananthapuram | • |
May Bank holidays
Maharashtra Din/May Day (Labour Day), Lok Sabha General Elections 2024, Birthday of Rabindranath Tagore, Basava Jayanti/Akshaya Tritiya, Lok Sabha General Elections 2024, State Day, Buddha Pournima and Nazrul Jayanti.
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