Bank holiday: Are Banks closed today on Saturday? Check details
Alternative Banking Options: Despite the closures, customers can continue to manage their finances using mobile and net banking services. These platforms offer a range of financial services that are accessible even on bank holidays. The Reserve Bank of India (RBI) classifies bank holidays under three categories: Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and bank account closures.
May has a notably high number of bank holidays, totaling 14 days, including both national holidays and state-specific closures. May 11: Second Saturday (All banks closed) May 13: Lok Sabha General Elections 2024 - Banks closed in Srinagar. May 16: State Day - Banks closed in Sikkim.
May 20: Lok Sabha General Elections 2024 - Banks closed in Maharashtra. May 23: Buddha Pournima - Banks are closed in multiple states including Tripura, Mizoram, Madhya Pradesh, and Uttar Pradesh. May 25: Nazrul Jayanti/Lok Sabha General Elections 2024 - Additional closures noted.
Agartala: Bank holidays on May 23 and May 25. Ahmedabad: A quieter month with bank closures on May 8. Belapur: Banks are closed on May 10, May 23, and May 25.
Bengaluru and Mumbai: Each city observes bank holidays on May 7, May 10, May 23, and May 25. Chandigarh and New Delhi: Major holidays fall on May 23. Hyderabad: Distinguishes between Andhra Pradesh and Telangana with holidays on May 7, May 10, and May 23.
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