Bank vacation on May 16? Banks to stay shut in THESE states tomorrow | Personal Finance News


New Delhi: On Monday, May 16, Buddha Purnima will likely be noticed, and plenty of banks throughout India will likely be closed. Bankers have gotten a protracted weekend as they remained closed for 3 days in a row this week: second Saturday, Sunday, and Monday. However, May 16 is not going to be a nationwide vacation in your complete nation.

On May 16, banks throughout India will likely be closed in commemoration of Buddha Purnima, in keeping with the Reserve Bank of India’s (RBI) trip schedule. This is because of the truth that financial institution holidays are established below the Negotiable Instruments Act, and so aren’t noticed 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 likely be closed on Monday for Buddha Purnima.

The financial institution vacation on Monday follows a vacation in India on May 14 (second Saturday) and May 15 (Sunday).

In addition, the month will embody different main occasions reminiscent of Id-ul-Fitr and Bhagvan Shree Parshuram Jayanti, for a complete of 11 financial institution holidays. Indian banks will likely be closed for 11 days in complete this month, together with weekends.

In May 2022, there are 4 festivals, in addition to Sundays and the second and fourth Saturdays. Customers ought to understand that on-line banking companies will likely be obtainable through the holidays.

Check full listing of financial institution holidays in May 2022:

May 1 (Sunday) – All India

May 2 (Monday) – Ramjan-Eid (Eid-UI-Fitra). Banks will stay closed in Kerala’s Kochi, Thiruvananthapuram.

May 3 (Tuesday) – Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya. Banks will likely be shut throughout India, besides Kochi and Thiruvananthapuram.

May 8 (Sunday) – All India

May 9 (Monday) – Birth anniversary of Rabindranath Tagore. Bank vacation in West Bengal.

May 14 (Saturday) – All India

May 15 (Sunday)- All India

May 16 (Monday) – Buddha Purnima. Banks will likely be closed in Tripura, Belapur, Madhya Pradesh, Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Maharashtra, New Delhi Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar

May 22 (Sunday) – All India

May 28 (Saturday) – All India

May 29 (Sunday)- All India





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