Bank Holiday May 2022: Banking Operations Will Be Down For 4 Days, But Not Online Banking
Bank Holidays in May 2022: According to the list of bank holidays published by the RBI, banking operations will be closed for 4 days of the month. However, online banking will remain open 24×7.
Bank holidays in May 2022: Do you have any plans regarding the banking work to be completed in May? If so, you need to know that banks will remain closed 4 days a month, except for the second and fourth Saturday and Sunday. Banks play a very important role in the management and handling of our finances. You need to go to bank branches to do some banking activities like depositing money, updating passbook, transferring amount and more. Although banks will be closed for 4 days in May, you can also use online or internet banking on these days.
Online banking remains open 24×7. However, since not all banking activities can be completed with the help of the internet, you may have to go to the nearest bank branch. As it may be known, the list of bank holidays is issued by the Reserve Bank of India (RBI). According to information provided by RBI, bank holidays in May fall into three categories – Holidays under the Bargaining Instruments Act; Holidays under the Negotiating Instruments Act and Real-time Billing Holidays; and Closing of bank accounts.
In addition, some holidays are national in nature and others are regional in nature. While, on certain days, banks will only close in a few cities. See the list of banks on holiday in May here:
Bank holidays in May 2022
1. May 2, 2022: Banks will remain closed on May 2 due to Ramjan-Eid (Eid-UI-Fitra) in Kochi and Thiruvananthapuram.
2. May 3, 2022: Banks will remain closed on the occasion of Bhagvan Shree Parshuram Jayanti / Ramjan-Eid (Eid-UI-Fitra) / Basava Jayanti / Akshaya Tritiya in all parts of the country except Kochi and Thiruvananthapuram.
3. May 9, 2022: Banks will remain closed on Rabindranath Tagore’s Birthday in Kolkata.
4. May 16, 2022: Banks will remain closed on Purnima in Agartala, Belapur, Bhopal, Chandigarh, Dehradun, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar.
In addition to the dates mentioned above, banks will also be closed on May 14, 2022 and May 28, 2022 due to Mondays and Wednesdays and on 1, 8, 15, 22 and May 29 because of Sunday.