Bank Holidays In May 2024: Financial Institutions To Remain Closed For 10 Days, Check City-Wise List Here

As the new month is to begin soon, it triggered excitement among commoners about what is open and what's close, for hassle-free working. Banks and financial institutions are important for everyone as they are dependent on these organisations for their personal finance-related work.
Here we have curated a holiday list for May month of 2024. So, one can easily plan their work in hustle-bustle routines.

Bank Holidays In May 2024For bank customers across India, there is a 10-day bank holiday in May 2024. So, it is advisable to plan banking transactions in advance.
If you are eager to know the reason behind the shutdown of financial institutions? It includes including weekends and religious holidays.
Full List Of Bank Holidays In May 2024Date: May 1
Reason: May Day/Labour Day and Maharashtra Day.

Date: May 8
Reason: Rabindranath Tagore's Birthday, West Bengal Banks will be closed.

Date: May 10
Reason: Akshaya Tritiya

Date: May 23
Reason: Buddha Purnima

Date: May 11
Reason: Second Saturday

Date: May 25
Reason: Fourth Saturday

Date: May 4
Reason: Sunday

Date: May 12
Reason: Sunday

Date: May 18
Reason: Sunday

Date: May 26
Reason: Sunday

Can One Do Online Transactions On Bank Holidays?Customers can use online banking services, mobile apps, and ATMs for transactions during bank holidays.

How Bank Holidays Decided?The Reserve Bank of India, RBI, is the regulatory body of banks and other financial institutions. The regulatory body issues a holiday list for the year by considering the religious festivals, cultural significance, and many more.
Regional HolidaysOne should keep note that the banks are closed in particular states on account of regional holidays. Financial institutions in other states will work as usual. So, check with the official announcement once before making any decision.