May 2022 Bank Holidays: Banks, across both private and public sectors, are closed for a long weekend from Saturday, May 14 till Monday, May 16. Banks will restart regular day to day operations on Tuesday, May 17. Today, May 14 is the second Saturday of the month, which is a bank holiday. The lenders are usually closed for business on Sundays, and the holiday will be extended for one more day in several parts of the country on Monday, since May 16, on account of Buddha Purnima.Also Read – RBI Likely To Consider More Interest Rate Hikes In Next Monetary Policy Committee Meeting: Report
In May, there were a total of 11 bank holidays, of which, five have already been used up. At the beginning of every year, the Reserve Bank of India (RBI) lays out a plan according to which banks get their yearly leaves. According to RBI’s list, the bank holiday on Monday on the occasion of Buddha Purnima will be applicable in several areas including Agartala, Belapur, Bhopal, Chandigarh, Dehradun, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar. Also Read – UPI Payment: Now You Can Access DigiSaathi on WhatsApp For Information On Digital Payment | Here’s How to Use it
However, for banks in cities like Chennai, Kochi and Bengaluru, there is no bank holiday on Monday. Therefore, if you are planning to visit your bank for work, you must contact your local branch to confirm the bank holidays in May as per your region to avoid any hassle. Also Read – SBI Hikes Interest Rates on FDs; Check New Rates From May 10 Here
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
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