In May 2022, there will likely be 4 financial institution holidays on account of festivals, together with 7 weekend holidays. Read on to search out out the small print.
Bank holidays in May 2022: According to the Reserve Bank of India’s checklist of holidays, banks will likely be suspended for a complete of 11 days in May, together with weekends (RBI). These embrace 4 pageant holidays, in addition to Sundays and the second and fourth Saturdays. It is vital to know that web banking companies will likely be accessible even on holidays.
Under the Real Time Gross Settlement Holiday, Negotiable Instruments Act, and Banks’ Closing of Accounts, the RBI divides the vacations into nationwide and regional classes. Many holidays are region-specific, they usually would possibly differ from state to state in addition to financial institution to financial institution.
On the events of Eid-Ul-Fitr and Buddha Purnima, there will likely be two lengthy weekends within the following month, with banks remaining closed for 3 days at a time.
Customers are suggested to complete their bank-related work beforehand to keep away from any inconvenience.
Mentioned beneath is the state-wise detailed checklist of Bank Holidays so that you can take a look at
May 1st (Sunday): Banks will stay closed on this present day as a result of weekend.
May 2nd (Monday): Banks will stay shut within the state of Kerala and Tamil Nadu as a result of event of Eid-Ul-Fitr.
May third (Tuesday): On the event of Shree Parshuram Jayanti and Eid-Ul-Fitra, banks will stay shut throughout India apart from Kerala and Tamil Nadu.
May eighth (Sunday): Due to Sunday, banks will stay shut in all states.
May ninth (Monday): On the event of the delivery anniversary of Rabindranath Tagore, banks will likely be closed in West Bengal.
May 14th (Saturday): Banks will stay closed throughout India due to Second Saturday.
May fifteenth (Sunday): Banks to stay shut on account of Sunday in all states.
May twenty second (Sunday): All over India, banks will stay shut.
May twenty eighth (Saturday): Due to the fourth Saturday of the month, banks will likely be shut in the entire states.
May twenty ninth (Sunday): Due to Sunday, banks will stay shut throughout India.
First printed on: 26 Apr 2022, 04:25 IST
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