Bank holidays in May 2021: 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.
According to the RBI guideline, banks remain shut on public holidays while certain holidays vary from state to state. Only the gazetted holidays are observed by banks all over the country. All-India holidays include Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25). Festivals like Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday, and so on are also bank holidays.
Aside from National Holidays, both private and public sector banks remain closed on the second, fourth Saturday, and all Sundays of each month. Remember that banking activities may vary from each other in different states. In a few cases, bank holidays vary in various states because banks don’t observe all occasions in all states.
Here’s the full list of upcoming bank holidays in May 2021:
- Ramzan-Id (Id-Ul-Fitr) (Shawal-1): May 13
- Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya: May 14
- Buddha Pournima: May 26
These holidays will be observed in a majority of Indian states, barring a few ones, according to the state-declared holidays. However, for the gazetted holidays, banks will be closed all over the country. Aside from the above-mentioned bank holidays, banking operations will remain shut on 22 May due to the fourth Saturday. Also, three Sunday holidays of banks are remaining in the month of May, which will fall on 16, 23 and 30 May.
Bank customers planning a visit to their respective banks in the month of May are advised to plan their visit in accordance with the bank holidays. While the bank branches will remain closed on these days, mobile and internet banking will remain functional as usual. Customers can make transactions through online modes.
