Indian public and private banks will be closed on 12 days including the second and fourth Saturdays and Sundays in May 2024, owing to festivals and elections.
According to the Reserve Bank of India (RBI) guidelines, banks remain closed on all public holidays but there are some holidays that are regional, i.e. restricted to certain states only. Regional holidays are decided by respective state governments.
The RBI classifies holidays into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
| Date | Day | Holiday | Where |
|---|---|---|---|
| 1 May | Wednesday | May Day/Maharashtra Day | Many states / Maharashtra |
| 5 May | Sunday | Nationwide | |
| 7 May | Tuesday | Lok Sabha General Elections | Goa, Gujarart, Karnataka |
| 8 May | Wednesday | Birthday of Guru Rabindranath Tagore | West Bengal |
| 11 May | Saturday | Second Saturday | Nationwide |
| 12 May | Sunday | Nationwide | |
| 16 May | Wednesday | State Day | Sikkim |
| 19 May | Sunday | Nationwide | |
| 20 May | Monday | Lok Sabha General Elections | Belapur, Mumbai |
| 23 May | Thursday | Buddha Purnima | Many states |
| 25 May | Saturday | Fourth Saturday | Nationwide |
| 26 May | Sunday | Nationwide |
Disclaimer: All precautions have been taken to gather the most accurate information about the Bank Holiday dates for the month of May 2024. However, readers are advised to verify with their local branches to corroborate the same.
