According to the RBI list, banks will be closed today in all of India excluding Kochi and Thiruvananthapuram on account of Bhagvan Shree Parshuram Jayanti/ Ramjan-Eid (Eid-UI-Fitr)/ Basava Jayanti/ Akshaya Tritiya.
The month of May will have 11 bank holidays including regular ones such as the second and fourth Saturdays of the month and Sundays, according to the Reserve Bank of India (RBI) holiday calendar list.
Bank Holidays 2021: There are 12 days in May 2021 when banks will remain shut
As many as 12 bank holidays are earmarked for the month of May as per the holiday list notified by the Reserve Bank of India (RBI). During these days, the operations of both public and private banks will remain closed.
Some of the major holidays falling this month are Id-Ul-Fitr, Buddha Purnima and Bhagvan Shree Parshuram Jayanti among others.
The holidays also include the second and fourth Saturdays as the banks remain closed during these days.
The holidays are notified by the RBI under three brackets the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks Closing of Accounts.
Highlights
The COVID-19 pandemic has already forced banks to cut short it s working hours and staff attendance to 50%.
The banks will also remain closed on the second and the fourth Saturdays in May and four Sundays.
The banks will also operate from 10 AM to 2 PM, as per the new guidelines.
All banks, be it private or public sector, will be closed for 12 days in May throughout the country, according to the Reserve Bank of India (RBI) holiday calendar list.
The COVID-19 pandemic has already forced banks to cut short it s working hours and staff attendance to 50%. These holidays have been notified by the Reserve Bank of India (RBI) under three brackets the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
Bank Holidays alert! Banks to remain closed for 12 days in May, check full list here
Even though each state has its own set of holidays, as per the RBI, banks in most states will remain shut on May 14 on account of Eid-Ul-Fitr. File photo
Updated: May 1, 2021, 12:43 PM IST
There will up to 12 days of bank holiday in May 2021 across India. The Reserve Bank of India (RBI) has issued a calendar with the dates the banks will remain shut.
As per the new guidelines issued by the Indian Banks Association, bank branches can operate from 10 am to 2 pm due to the COVID-19 pandemic. Usually, both private and public banks remain shut on all national or public holidays, several festivals as well as the second and fourth Saturdays of each month.