This is the start of the month, and soon, the income tax return (ITR) filing will be upon us. If you want to go to the bank today to finish work, then it is important to know that today is Saturday. Many people get confused about banks being open or closed on Saturday, as bank branches in India are closed on the second and fourth Saturday of every month, as per the Reserve Bank of India (RBI) guidelines.Also read: From ATM fees to FD rates: Key financial changes effective May 1, 2025
Are banks open on May 3, 2025?
Banks in India will be working as usual today, May 3, 2025. This is because today is the first Saturday of the month. Banks have regular working hours on the first, third, and fifth Saturdays of every month.
How bank holidays impact you
Bank holidays usually impact certain banking services, such as in-branch banking, cheque clearances, fund transfers via NEFT/RTGS done via bank branch, and loan processing or approvals. While the ATMs, online banking, and mobile banking services typically remain operational, any physical banking or documentation requirements should be planned in advance.
When are banks closed in May 2025?
Banks will be closed on the occasion of Maharashtra Din/May Day (Labor Day) on May 1, Rabindranath Tagore’s birthday on May 9, Buddha Pournima on May 12, State Day on May 16, Kazi Nazrul Islam’s birthday on May 26, and Maharana Pratap Jayanti on May 29.
State-wise list of major upcoming bank holidays in May 2025
| May-25 | 1 | 7 | 9 | 12 | 16 | 26 | 29 |
| 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 | • |
| Holiday Description | Day |
| Maharashtra Din/May Day (Labor Day) | 1 |
| Panchayat Election 2025 | 7 |
| Birthday of Rabindranath Tagore | 9 |
| Buddha Pournima | 12 |
| State Day | 16 |
| Birthday of Kazi Nazrul Islam | 26 |
| Maharana Pratap Jayanti | 29 |
Digital banking can solve your problems
These days, banks offer a wide range of services, both in-branch and through digital platforms. You can perform tasks such as depositing and withdrawing cash, opening or closing savings and current accounts, depositing cheques, and clearing funds through various transfer methods like NEFT, RTGS, IMPS, and UPI.
Investment services include opening fixed or recurring deposits, investing in mutual funds, and accessing schemes like PPF, Sukanya Samriddhi, and senior citizen savings. Customers can also purchase insurance policies or make premium payments. Source Link
