May 2024 Bank Holiday List: Complete State-wise Schedule

Bank Holiday in May 2024 List:  Private and public sector banks in India are scheduled to be closed for a combined total of 10 days in May across different regions due to religious holidays and weekend closures.  It’s advisable to stay vigilant about this if you have any banking tasks in May, to steer clear of last-minute inconveniences.

The holiday schedule for banks is determined by the Reserve Bank of India in conjunction with state governments, in addition to regional holidays which may differ based on the customs of individual states and account of the ongoing Lok Sabha elections 2024.

The list of holidays is prepared by the RBI for every month. It is notified under three categories namely Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.

List of Holidays in May 2024

Bank Holidays in Maharashtra in May 2024

Maharashtra Day and May Day

May 1 is celebrated as Maharashtra Day in honour of the formation of Maharashtra in India. It marks the anniversary of the day in 1960 when the state was officially formed after reorganising states on linguistic lines.

May 1 is also observed as Labour Day, a day to honour the contributions of workers and the labour movement. It is a day to recognise the rights and achievements of workers, as well as to highlight the ongoing struggles for fair wages, better working conditions, and social justice.

Here are some further aspects to take into account:

• Online Banking: While physical branches may close, online banking services are typically accessible around the clock. You can handle account management, fund transfers, and bill payments electronically.
• ATM Services: ATMs generally remain operational seven days a week, including holidays. You can withdraw cash or check your account balance using your debit card.
• Branch Hours: On Saturdays, banks may have reduced operating hours compared to weekdays. It’s advisable to verify the weekend timings with your particular branch. This information is available on the bank’s website or mobile app.