Highlights
Banks were to remain closed for a total of 12 days.
Bank holidays vary in various states because banks don’t observe all occasions in all states.
Holidays granted to bank employees under the Reserve Bank of India’s calendar are placed under three brackets.
New Delhi: Like every month, banks will be shut on a few special occasions for the remaining month of May, according to the holidays mentioned by the Reserve Bank of India (RBI). Banking operations for customers remain completely shut on these holidays.
In May, banks were to remain closed for a total of 12 days, as per the holiday list. However, a few holidays have already passed, leaving only eight days on which banks will remain closed.
Bank Holidays 2021: There are 12 days in May 2021 when banks will remain shut
As many as 12 bank holidays are earmarked for the month of May as per the holiday list notified by the Reserve Bank of India (RBI). During these days, the operations of both public and private banks will remain closed.
Some of the major holidays falling this month are Id-Ul-Fitr, Buddha Purnima and Bhagvan Shree Parshuram Jayanti among others.
The holidays also include the second and fourth Saturdays as the banks remain closed during these days.
The holidays are notified by the RBI under three brackets the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks Closing of Accounts.
Highlights
Holidays also depend on specific state festivals.
Plan bank transaction activities in a better way.
New Delhi: Before visiting your bank branch in the month of May, you must note down the list of important days during which banks will remain closed. The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of May 2021, although online banking activities will continue to work.
Banks will remain closed for total 12 days in the month of May, as per the Reserve Bank of India (RBI) holiday calendar list, although banking activities in different states may vary from each other.
Bank holidays in May 2021: Banks will remain closed for 12 days; See full list
0 0 1 minute read
According to the Reserve Bank of India (RBI) holiday calendar list, all banks, whether private or public sector, will be closed for 12 days in May across the country.
The COVID-19 epidemic has already forced banks to reduce working hours and employee attendance by up to 50%. These holidays have been notified by the Reserve Bank of India (RBI) under three brackets – Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and closure of bank accounts.
Banks will remain closed on the second and fourth Saturdays and four Sundays in May as well. According to the new guidelines, banks will also operate from 10 am to 2 pm.
Highlights
The COVID-19 pandemic has already forced banks to cut short it s working hours and staff attendance to 50%.
The banks will also remain closed on the second and the fourth Saturdays in May and four Sundays.
The banks will also operate from 10 AM to 2 PM, as per the new guidelines.
All banks, be it private or public sector, will be closed for 12 days in May throughout the country, according to the Reserve Bank of India (RBI) holiday calendar list.
The COVID-19 pandemic has already forced banks to cut short it s working hours and staff attendance to 50%. These holidays have been notified by the Reserve Bank of India (RBI) under three brackets the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.