Banks Closed on May 23 for Buddha Purnima in 18 States
In observance of Buddha Purnima, banks in 18 Indian states will be closed for business on May 23, 2024. This decision aligns with the Reserve Bank of India’s (RBI) holiday schedule. The states affected by the bank holiday include Tripura, Maharashtra, Mizoram, Madhya Pradesh, Chandigarh, Uttarakhand, Arunachal Pradesh, Uttar Pradesh, West Bengal, Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Jammu and Kashmir.
Despite the physical bank closures, digital banking services will continue to operate normally, allowing customers to access their accounts and conduct transactions online or via mobile banking apps.
Other Bank Holidays in May 2024
In addition to Buddha Purnima, several other holidays are scheduled for May 2024, resulting in a total of 14 bank holidays during the month. These holidays include Maharashtra Din/May Day (Labour Day), Lok Sabha General Elections 2024, Birthday of Rabindranath Tagore, Basava Jayanti/Akshaya Tritiya, Lok Sabha General Elections 2024, State Day, Buddha Pournima, and Nazrul Jayanti. It is important to note that these holidays may vary slightly across different states.
