New Delhi: Buddha Purnima will be celebrated on Monday, May 16 and many banks will remain closed across India. Bankers have had a long weekend as they are closed for three days in a row this week: second Saturday, Sunday and Monday. However, May 16 will not be a national holiday across the country.
According to the Reserve Bank of India’s (RBI) holiday schedule, banks across India will remain closed on May 16 on account of Buddha Purnima. This is due to the fact that bank holidays are established under the Negotiable Instruments Act, and are therefore not followed in all states.
Banks in Tripura, Madhya Pradesh, Belapur, Punjab and Haryana, Uttarakhand, Jammu, Maharashtra, Uttar Pradesh, New Delhi, Bengal, Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar will remain closed on Monday on account of Buddha Purnima.
The bank holiday on Monday is followed by the holiday on May 14 (second Saturday) and May 15 (Sunday) in India.
In addition, the month will include other major events like Eid-ul-Fitr and Bhagwan Shree Parshuram Jayanti for a total of 11 bank holidays. Indian banks will be closed for a total of 11 days this month, including weekends.
In May 2022, there are four festivals, as well as Sundays and second and fourth Saturdays. Customers should note that online banking services will remain available during the holidays.
Check out the complete list of Bank Holidays in May 2022:
May 1 (Sunday) – All India
May 2 (Monday) – Ramadan-Eid (Eid-ui-fitra). Banks will remain closed in Kerala’s Kochi, Thiruvananthapuram.
May 3 (Tuesday) – Lord Shri Parshuram Jayanti/Ramadan-Eid (Eid-U-Fitra)/Basav Jayanti/Akshay Tritiya. Banks will remain closed across India except Kochi and Thiruvananthapuram.
8 May (Sunday) – All India
9 May (Monday) – Birth anniversary of Rabindranath Tagore. Bank Holiday in West Bengal.
14 May (Saturday) – All India
15 May (Sunday) – All India
May 16 (Monday) – Buddha Purnima. Banks will remain closed in Tripura, Belapur, Madhya Pradesh, Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Maharashtra, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar.
22 May (Sunday) – All India
28 May (Saturday) – All India
29 May (Sunday) – All India
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