Bank Holidays in May 2023: Are you planning to visit the bank in May 2023? Before you make any plans, take a look at the list of bank holidays in May 2023. Reserve Bank of India has released the list of holidays for the month of May 2023. This list includes 12 holidays, which will affect the working of banks. across the country.
To avoid any inconvenience, the list of bank holidays must be checked before leaving for any important work. In this article, we will provide you with a comprehensive list of bank holidays in May 2023.
Holidays under Negotiable Instruments Act (Bank Holidays in May 2023)
The first category of holidays are holidays under the Negotiable Instruments Act. These are national holidays and all banks across the country will be closed on these days. Holidays under this category are:
1 May – Maharashtra Day / May Day
May 5 – Buddha Purnima
May 9 – Birthday of Rabindranath Tagore
16 May – State Day
May 22 – Maharana Pratap Jayanti
Holidays under the Negotiable Instruments Act and real-time gross settlement holidays
Another category of holidays are the holidays under the Negotiable Instruments Act and the real-time gross settlement holiday. Banks will also be closed for RTGS transactions on these days. Holidays under this category are:
May 2 – Municipal Corporation Election, 2023
Account closure by banks
The third category of holidays is the closure of accounts by banks. Banks will be closed on these days for the purpose of closing their annual accounts. Holidays under this category are:
May 7 – Sunday
May 13 – Second Saturday
May 14 – Sunday
May 21 – Sunday
May 27 – Fourth Saturday
May 28 – Sunday
Note: Some of these holidays are regional, and banks in some states may be open on some of these holidays. It is advisable to check with your bank before visiting the branch.
The month of May 2023 is full of twelve bank holidays, which may affect your banking operations. It is essential to plan your visits to the bank accordingly to avoid any inconvenience. We hope this list of bank holidays in May 2023 will help you better plan your visits to the bank.
