Many people are often confused about whether the fifth Saturday of the month is a bank holiday. This is largely due to the Reserve Bank of India (RBI) rules governing bank holidays in India. According to RBI rules, banks are closed on the second and fourth Saturdays and Sundays of every month. Since not every month has a fifth Saturday, its irregular occurrence adds to the uncertainty.
Are banks open or closed today on May 31, 2025?
According to RBI guidelines, the first, third, and fifth Saturdays of each month are working days for banks, unless they coincide with a public holiday or festival. This means that today (May 31, 2025) is a working day for banks as per RBI guidelines for all scheduled and non-scheduled banks.
Bank holidays in June 2025: Check full list of state-wise bank holidays
Bank customers can visit their nearest bank branch to conduct their banking transactions that require their physical presence.
Transactions that usually require a bank visit
Here are some of the transactions for which you may need to visit bank:
Cash deposit (especially large amounts): While ATMs allow deposits, large sums or deposits into certain accounts may need to be done at the branch.
EPFO 3.0 roll out, free Aadhaar update, Form 16 for ITR filing: 7 money changes in June 2025; check details here
Cash withdrawal (above ATM limits): For amounts exceeding ATM withdrawal limits or for specific denominations, a visit to a bank branch is required
Opening or closing accounts: Account opening or closure usually involves in-person verification and signatures, which requires a bank visit.
Loan application and document submission: Though online applications are possible, physical visits are often needed for signing documents, submitting hard copies, or verification.
High-value Demand Draft (DD): DDs and pay orders for high amounts typically require branch visits and ID proof.
KYC in bank account: At times, you may require a visit to a bank branch to undergo the periodic KYC and ensure the bank account is not held inactive.
Digital Banking option is also available
A bank holiday no longer disrupts access to essential financial services due to the rise of digital banking. Whether you need to transfer funds, pay bills, or check your account balance, digital banking has you covered. A bank customer can access digital banking options in various ways, including Net Banking, UPI apps, and mobile banking apps.
Via NetBanking, using NEFT, RTGS, and IMPS, which are operational 24/7, you can transfer funds instantly, even on bank holidays. This is particularly helpful for emergencies or last-minute payments. Further, money transfer can be via UPI apps as well.
Bank holidays in June 2025
As we enter the month of June, banks will remain closed on various occasions depending on the state, including festivals such as Id-ul-Ad’ha (Bakrid), Bakri Id (Id-Uz-Zuha), Sant Guru Kabir Jayanti, Saga Dawa, Ratha Yatra (Kang Rathajatra), and Remna Ni.
Check the list below to know the dates
