Latest news with #RBI-declared
Time of India
25-05-2025
- Business
- Time of India
Bank holidays 2025: Are banks closed on Monday, May 26? Check here
Bank holidays Monday, May 26: In India, banks stay closed on specific days due to national, state-level, and RBI-mandated holidays. As per the RBI holiday calendar, Monday, May 26, 2025, will be a bank holiday in Tripura to mark the birthday of Kazi Nazrul Islam. Keep reading to know the complete list of bank holidays in May 2025, including details on bank holidays on Monday, the types of RBI-declared holidays, and how customers can still access services online. Why Are Banks Closed on May 26, 2025? Banks in Tripura will remain shut on Monday, May 26, 2025, to honour the birth anniversary of Kazi Nazrul Islam. Known as the 'Rebel Poet,' Kazi Nazrul Islam was a legendary Bengali writer, poet, journalist, and musician. His works championed equality, social justice, human values, and resistance against colonial rule. His fearless voice continues to inspire generations. If you're planning to visit a bank in Tripura around this date, make sure to check the RBI holiday list in advance to avoid any inconvenience. Bank Holidays in May 2025: Full List Here is the complete list of bank holidays in May 2025 declared by the Reserve Bank of India (RBI), including public holidays and region-specific closures: May 1 (Thursday) – Maharashtra Din / Labour Day May 9 (Friday) – Birthday of Rabindranath Tagore May 12 (Monday) – Buddha Purnima May 16 (Friday) – State Day May 26 (Monday) – Birthday of Kazi Nazrul Islam – Check here May 29 (Thursday) – Maharana Pratap Jayanti Besides these, banks will remain closed on all Sundays and the second and fourth Saturdays of the month, as per the RBI mandate. If a bank holiday falls on a Monday, like in the case of May 26, customers can expect a long weekend. RBI's Classification of Bank Holidays The Reserve Bank of India (RBI) divides bank holidays 2025 into three main categories: Holidays under the Negotiable Instruments Act Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement (RTGS) holidays Bank account closing holidays Each category affects bank operations differently, especially regarding back-end processing and fund settlements. What Services Will Be Available During Bank Holidays? Even on days when physical bank branches remain closed, customers can still use several services online: Internet banking and mobile apps for fund transfers, balance checks, and payments NEFT/RTGS fund transfers (as per availability) ATM services and card payments Requests for chequebooks, DDs, or account updates through digital channels So, whether it's a bank holiday on Monday or any other day, your banking needs can still be met digitally. How to Check Bank Holidays in Your City? To check whether your bank is open on a particular day: Visit the official RBI website Look for regional bank holiday notifications Check notices posted in your local bank branch Staying updated helps you plan your visits better, especially during months with multiple closures like May. If you're living in or travelling to Tripura, take note that Monday, May 26, 2025, will be a bank holiday due to Kazi Nazrul Islam's birthday – check here for the official RBI holiday list. With several bank holidays in May 2025, including bank holidays on Monday, it's wise to complete important banking tasks in advance or rely on online options for uninterrupted service. For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
India.com
11-05-2025
- Business
- India.com
Bank Holiday Alert: Are Banks Closed On Buddha Purnima, May 12? Find Out
New Delhi: Bank customers across India should gear up for a long weekend as banks will remain shut for two consecutive days— Sunday and Monday. While May 11 marks the usual weekly off, May 12 is a holiday on account of Buddha Purnima, a major religious festival observed nationwide. Banks will remain closed on six RBI-declared holidays in May 2025, along with all Sundays and the second and fourth Saturdays. Here's the full list of bank holidays for the upcoming week and the rest of the month. Bank Holidays This Week: May 11–18, 2025 Here's a quick look at the bank holiday schedule for the week: - May 11 (Sunday): All banks, including SBI, will be closed due to the regular weekly holiday. - May 12 (Monday): Banks across several cities, including Agartala, Aizawl, Belapur, Bhopal, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Ranchi, Shimla, and Srinagar, will remain shut on account of Buddha Purnima. - May 16 (Friday): Banks in Sikkim will be closed in observance of State Day. - May 18 (Sunday): Regular weekly off for all banks. Bank Holidays in May 2025 – Here's What to Know Planning any bank work this month? Take note of these upcoming holidays: - May 24 (Saturday): Fourth Saturday — banks will remain closed. - May 25 (Sunday): Weekly holiday — all banks will be shut. - May 26 (Monday): Banks in Tripura will be closed to mark the birth anniversary of Kazi Nazrul Islam. - May 29 (Thursday): Banks in Himachal Pradesh will remain shut for Maharana Pratap Jayanti. With several regional holidays and weekend breaks lined up in May, it's a good idea for customers to plan ahead and finish any important banking tasks early.
