Bank holidays in May 2024: Which states have bank closures on May 1?

Bank holidays May 2024: Banks across the country will experience several holidays in May 2024, with closures varying by state and observance. Banks will be closed for as many as 14 days in May 2024, including Sundays and the second and fourth Saturdays, as per the Reserve Bank of India's holiday calendar.

Bank holidays on May 1, 2024

Wednesday, May 1, marks two significant observances—Maharashtra Day and May Day. This results in bank closures in certain states. Here is a list of states where banks will be closed on May 1, 2024:

- May Day: Banks are closed in Karnataka, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, Bengal, Goa, Bihar.

- Maharashtra Day: This state-specific holiday commemorates the formation of the state of Maharashtra. Banks in Maharashtra will be closed.

What is May Day (Labour Day)?
International Workers' Day, also known as Labour Day or May Day, is a global celebration of workers and the working class. It is organized by the international labor movement and takes place every year on May 1st.

What is Maharashtra Day?
Maharashtra Day, also known as Maharashtra Din, is a state holiday in Maharashtra, India, that commemorates the creation of the state.

ALSO READ | Bank holidays 2024: Full list of national and state-wise banking holidays here

Bank holidays in May 2024

May 2024 has several other bank holidays, some due to state-specific events and others for national observances:

- May 7: Lok Sabha General Elections (Gujarat, Madhya Pradesh, Goa)
- May 8: Birthday of Rabindranath Tagore (Bengal)
- May 10: Basava Jayanti/Akshaya Tritiya (Karnataka)
- May 13: Lok Sabha General Elections (Srinagar)
- May 16: State Day (Sikkim)
- May 20: Lok Sabha General Elections (Maharashtra)
- May 23: Buddha Pournima (Tripura, Mizoram, Madhya Pradesh, and several other states)
- May 25: Nazrul Jayanti/Lok Sabha General Elections (Tripura, Orissa)

RBI's holiday categories

The Reserve Bank of India categorizes bank holidays under different heads:

- Holiday under Negotiable Instruments Act
- Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday
- Banks' Closing of Accounts





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