New Delhi: Banks will remain closed in various regions of the country on Monday (May 16), in observance of Buddha Purnima. According to the Reserve Bank of India, the banks in Tripura, Belapur, Madhya Pradesh, Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Maharashtra, New Delhi, Bengal, Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar would be closed today,Also Read – Banks To Be Shut For 3 Straight Days From Today. Check Full List Of Bank Holidays In May
It is important to note that bank holidays are not observed in all states, and differ depending on the state. Also Read – Axis Bank Hikes FD Rates; Check New Rates Here
According to the rules, all banks in the country, including public, private, foreign, cooperative, and regional banks, will be closed on certain days that are notified by the country’s central bank under three categories: the Negotiable Instruments Act, Holiday, Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts. Also Read – ICICI Bank Overtakes SBI, Becomes Second Most Valued Bank In India | Details Inside
Here’s the Full List of Bank Holidays in May 2022
May 2: Ramjan-Eid (Eid-UI-Fitra) — Kochi and Thiruvananthapuram
May 3: Bhagavan Shree Parshuram Jayanti/ Ramjan-Eid (Eid-UI-Fitra)/ Basava Jayanti/ Akshaya Tritiya — All over India except Kochi and Thiruvananthapuram
May 9: Birthday of Rabindranath Tagore — Kolkata
May 16: Buddha Purnima — Agartala, Belapur, Bhopal, Chandigarh, Dehradun, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar
List of Weekend Leaves
May 1: Sunday
May 8: Sunday
May 14: Second Saturday
May 15: Sunday
May 22: Sunday
May 28: Fourth Saturday
May 29: Sunday
The Reserve Bank of India, or RBI, lays out a plan in the beginning of every years as per which lenders get their yearly leaves. On the bank holidays notified by the RBI, branches of all public sector, private sector, foreign banks, cooperative banks and regional banks remain shut.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
