Bank Holidays: Banks will be closed for 3 days from tomorrow, immediately deal with your important work, total number of bank holidays in May

If you have any important bank-related work to complete today, do so. Banks will be closed for three days beginning tomorrow. This Saturday, banks will begin a three-day long weekend. In the month of May, banks will have 11 days off.

According to the RBI, banks in various parts of India will be closed on May 16. A holiday has been declared for Budh Purnima on this day, Monday. The banks are closed on Saturday due to second Saturday, Sunday, and Monday i.e 14th, 15th, 16th May 2022.

Every Sunday is a holiday in banks, but every Saturday is not. Banks are open on the first and third Saturdays of each month, but closed on the second and fourth Saturdays.

Circular is issued from here

The details of holidays falling in the month are released by the Reserve Bank of India (RBI) every month. The holidays falling in May were divided into 3 parts. First- Holiday under Negotiable Instruments Act, second- Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday, and third- Banks’ Closing of Accounts.

11 Holiday details

Four holidays have been given this month under the Holidays Under Negotiable Instruments Act. Out of the total 11 holidays, five holidays have been used. These include May 1 (Sunday), May 2 (Eid-ul-Fitr), May 3 (Lord Shri Parshuram Jayanti/Ramadan-Eid (Eid-ul-Fitr)/Basava Jayanti/Akshay Tritiya), May 8 (Sunday), and May 9. (Rabindranath Tagore Jayanti). Now including Sundays, there are a total of 6 more holidays.

May 22 is a Sunday after 3 consecutive holidays from May 14 to 16. After that the fourth Saturday and Sunday are off on 28th and 29th respectively.