New Delhi: The Reserve Bank of India (RBI), mentioned some days when the banking operations will remain closed in the month of May. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
Here is an elaborate list of bank holidays falling in the month of May 2020
May 1, 2020
May Day or Labour Day is observed as holiday across Maharshtra and Gujarat. May 1 is celebrated as Maharashtra Day in Maharashtra and Gujarat Day in Gujarat.
May 7, 2020
Buddha Purnima falls on this day this year. Banking operation in several states will remain closed.
May 8, 2020
Noble laureate Rabindra Nath Tagore’s birth anniversary falls on this date. States like West Bengal and Tripura may see bank holiday on this day.
May 16, 2020
Banks in Sikkim will remain closed on this day. This day is celebrated as Sikkim state day.
May 19, 2020
Banks in Jammu & Kashmir will remain closed to observe Shab-e-Qadr
May 21, 2020
Several states will observe Jumat-ul-Wida on this day.
May 22, 2020
Some other states may observe Jumat-ul-Wida on this day.
May 25, 2020
Banking operations may be closed in several states for observing Id-ul-Fitr while for states like Haryana, Himachal Pradesh, and Rajasthan, Maharana Pratap Jayanti also falls on this day.
May 26, 2020
The Martyrdom day of Sri Guru Arjun Dev falls on this day. Banking operations in Punjab may remain closed.
In the above list, May Day, Buddha Purnima and Id-ul-Fitr will be observed as National Banking holiday. Other than these said dates, banks will also remain off for second&fourth Saturdays and weekly offs. These dates fall on May 3, May 9, May 10, May 17, May 23, May 24, May 31.
