logo
Are banks open or closed today, May 17, 2025? Check the Saturday bank holiday status

Are banks open or closed today, May 17, 2025? Check the Saturday bank holiday status

Economic Times17-05-2025

Banks in India remain open on May 17, 2025, as it falls on the third Saturday of the month. While regular banking services are available, customers can also utilize online and mobile platforms for transactions. Several state-specific holidays are observed in May, including Maharashtra Din, Buddha Pournima, and Maharana Pratap Jayanti, leading to closures in select regions.
Tired of too many ads?
Remove Ads
Are banks open or closed today on May 17, 2025?
Tired of too many ads?
Remove Ads
Bank holidays in May 2025
Upcoming bank holidays in May 2025
May-25 1 9 12 16 26 29 Agartala • • Ahmedabad Aizawl • Belapur • • Bengaluru • Bhopal • Bhubaneswar Chandigarh Chennai • Dehradun • Gangtok • Guwahati • Hyderabad - Andhra Pradesh • Hyderabad - Telangana • Imphal • Itanagar • Jaipur Jammu • Kanpur • Kochi • Kohima Kolkata • • • Lucknow • Mumbai • • Nagpur • • New Delhi • Panaji • Patna • Raipur • Ranchi • Shillong Shimla • • Srinagar • Thiruvananthapuram •
Holiday Description Day Maharashtra Din/May Day (Labor Day) 1 Birthday of Rabindranath Tagore 9 Buddha Pournima 12 State Day 16 Birthday of Kazi Nazrul Islam 26 Maharana Pratap Jayanti 29
Today is Saturday, and many individuals prefer to get their banking work done. If you are planning to visit a bank today, you might be wondering whether banks will be open or closed. Bank holidays in India can vary depending on national, state-specific, and scheduled closures, such as second and fourth Saturdays. Hence, it is important to check if May 17, 2025, is the second or fourth Saturday, making banks closed.According to the Reserve Bank of India (RBI) guidelines, all scheduled and non-scheduled banks observe public holidays on the second and fourth Saturdays of each month and on Sundays. Additionally, banks are also closed due to festivals, national holidays, or regional events, which can differ across states.Banks are open today, May 17, 2025, as it is the third Saturday of the month. Generally, banks are open on the first, third, and fifth Saturdays unless a specific holiday is declared.Individuals can visit the bank branch to conduct banking-related transactions today. Bank customers can also use online banking services . Online banking, ATMs, and mobile banking services are generally available 24/7, even on bank holidays.However, banking transactions requiring manual intervention, such as cheque clearance, may take longer if initiated close to a holiday or weekend.The Reserve Bank of India publishes an annual list of bank holidays on its official website (rbi.org.in). This list includes national, state-specific, and scheduled holidays like second and fourth Saturdays.Banks will be closed on the occasion of Maharashtra Din/May Day (Labor Day), Birthday of Rabindranath Tagore, Buddha Pournima, State Day, Birthday of Kazi Nazrul Islam, Maharana Pratap Jayanti in the month of May.Banks will be closed next Saturday, May 24, 2025, on account of the fourth Saturday of the month.Banks are closed in Tripura on May 26, 2025 to honour the birthday of Kazi Nazrul Islam.Banks are closed in Himachal Pradesh on May 29, 2025 on account of Maharana Pratap JayantiState-wise list of major bank holidays in May 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Financial sector regulators to work on universal KYC
Financial sector regulators to work on universal KYC

Time of India

timean hour ago

  • Time of India

Financial sector regulators to work on universal KYC

Financial sector regulators, led by the RBI, are developing a universal KYC framework with the CKYCR to streamline verification processes. Nirmala Sitharaman urged regulators to ensure seamless KYC experiences for citizens and expedite refunds of unclaimed amounts through district-level camps. The FSDC also discussed strengthening cybersecurity and implementing budget announcements related to KYC simplification for NRIs, PIOs, and OCIs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Financial sector regulators, including the Reserve Bank of India , will look at a universal know your customer (KYC) framework and develop systems with the Central Know Your Customer Registry (CKYCR) to promote the inter-usability of records and avoid multiple minister Nirmala Sitharaman in a meeting of the Financial Stability and Development Council (FSDC) in Mumbai on Tuesday urged the financial sector regulators to take proactive steps to ensure that citizens have a seamless experience with the KYC processes across the financial a statement, the finance ministry said the FSDC also considered strengthening the cyber resilience framework of the Indian financial sector through a financial sector-specific cybersecurity FSDC also discussed issues relating to formulating a strategy for implementing the past decisions and the budget announcements, which included prescribing common KYC norms, simplification and digitalisation of the KYC process, including digital onboarding for non-resident Indians (NRIs), PIOs and OCIs in the Indian securities FSDC has representation from the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (Irdai), the Securities and Exchange Board of India (Sebi), the Pension Fund Regulatory and Development Authority (PFRDA) and officials from the finance and corporate affairs urged the regulators and departments to expedite the process of refund to rightful owners of unclaimed amounts by holding special district-level also emphasised that interest of common citizens be kept in mind and therefore expeditiously refund the claims of the rightful claimants, the statement unclaimed amounts comprise deposits in banks, unclaimed shares and dividends managed by IEPFA and unclaimed insurance and pension funds with Irdai and PFRDA, drive is to be conducted in coordination with RBI, Sebi, MCA, PFRDA and Irdai along with banks, pension agencies and insurance finance ministry statement noted that the FSDC also deliberated on the emerging trends from the domestic and global macro-financial situation and stressed the need to be vigilant."The council recognised the need for proactive efforts to mitigate potential risks to financial stability while adopting adequate safeguards for the financial system's resilience," it said.

From The Hindu, June 12, 1975: Proposals to attract remittances from Indians abroad
From The Hindu, June 12, 1975: Proposals to attract remittances from Indians abroad

The Hindu

timean hour ago

  • The Hindu

From The Hindu, June 12, 1975: Proposals to attract remittances from Indians abroad

New Delhi, June 11: The Union Finance Ministry is examining the feasibility of making it obligatory for Indians taking jobs abroad to remit to the country a certain proportion (about 10 per cent) of their earnings every year. The remittances may be made either to their relatives in the country or credited to a bank account maintained in India. This is among the three proposals which the Reserve Bank of India has been asked to examine in detail and comment upon. The other proposals are: (i) The feasibility of permitting non-resident Indians living abroad to maintain bank accounts in India in the unit of a convertible foreign currency, either the pound sterling or the dollar and (ii) permitting them to invest in company shares in India. The Reserve Bank is already stated to have commented on these proposals in detail. The contents of its note to the Finance Ministry are not known, but they seem to be by and large favourable. The Finance Ministry was prompted to consider the question of permitting non-resident Indians living abroad to keep their remittances to India in the unit of account of a foreign currency to protect their savings from any erosion on account of the fall in the rupee value. Under the existing banking laws, this is not permissible.

RBI moots apps for feature phones to deepen financial inclusion
RBI moots apps for feature phones to deepen financial inclusion

Time of India

timean hour ago

  • Time of India

RBI moots apps for feature phones to deepen financial inclusion

Mumbai: The Reserve Bank of India has urged banks and finance companies to launch low-bandwidth apps and flexible products that can reach remote parts of India and underserved populations, as part of its drive towards 100% financial inclusion, said people privy to the development. The RBI has also asked banks and finance companies to ensure that the new apps and digital products have features to prevent cyber fraud. The central bank is urging banks to design digital products that meet the needs of customers using feature phones with low bandwidth since connectivity is a major roadblock in remote parts of the country. All retail banking products are currently available through mobile applications on smartphones. However, not all services are made available on feature phones. The RBI is aiming to bridge this gap. Separately, the RBI said it is planning to review regulations on internet and mobile banking for all banks. Upon taking charge as the RBI governor, Sanjay Malhotra, had started financial inclusion, which implies making financial services available to all citizens, especially the underserved population. The Reserve Bank's Financial Inclusion Index (FI-Index), which measures the extent of financial inclusion in the country, improved from 60.1 in March 2023 to 64.2 in March 2024, according to latest data published by the central bank. The index covers access, usage and quality of financial services. The RBI plans to review the index in FY26. Live Events The RBI is planning to conduct a survey on the usage of digital payments, it said in its latest annual report. The survey will be done to "understand transaction behaviour and challenges faced by users, thereby facilitating evidence-based decision making towards enhancing financial inclusion and making payment systems more effective". The RBI is also encouraging banks to design products that meet customer needs such as flexible repayments, variable savings and seasonally adapted services-enhancing access, usage, and service quality, RBI deputy governor M Rajeshwar Rao said early this month.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store