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Bank Holidays in May: Plan Your Transactions Ahead for 14 Days of Closure

Despite the trend of digital banking, many people still depend heavily on physical banking. If you also belong to those people, then you should make your banking plan according to the May holidays.

Banks will remain closed for 14 days during May. This includes 4 Sundays and 2 Saturdays. Also, in many parts of the country, banks will not function for 8 days due to various reasons. This month itself will start with holidays.

Banks will remain closed in many parts of the country on May 1 due to Maharashtra Day. At the same time, due to Lok Sabha elections, banks will remain closed in some states for three days in May i.e. 7, 13 and 20 May.

When are there holidays in banks?

  • 1 May: Maharashtra Day/May Day
  • May 5: Sunday
  • 7 May: Lok Sabha elections
  • 8 May: Rabindranath Tagore Jayanti
  • 10 May: Basava Jayanti/Akshay Tritiya
  • May 11: Second Saturday
  • May 12: Sunday
  • 13 May: Lok Sabha elections
  • 16 May: State Day, all banks in Sikkim will remain closed.
  • May 19: Sunday
  • 20 May: Lok Sabha elections
  • May 23: Buddha Purnima
  • May 25: Fourth Saturday
  • May 26: Sunday

How to do transactions when the bank is closed?

Facilities like online banking and ATM continue even on holidays. If you have to do any important transaction, you can use this medium.

Stock markets will remain closed for 8 days in May

The stock market will remain closed for 8 days in this month i.e. May 2024. It has 6 days Saturday and Sunday. There is always no trading in the stock market on these two days. At the same time, there will be no trading in the stock market on May 1 due to Maharashtra Day. Lok Sabha elections will be held in Mumbai on 20th April and there will be no trading in the market on that day also due to voting.

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