The State Bank of India releases the list of bank holidays before the beginning of every month. RBI informs in advance as to when and where there will be bank holidays in which month. Apart from this, there may be a sudden holiday in banks due to some special reason. Talking about the month of May, banks will remain closed for three consecutive days even before the second week of this month. However, this three-day holiday will not be applicable in all the states of the country. Let us know when and at which places this three-day consecutive bank holiday will be held.
Second saturday holiday
According to the rules of the State Bank of India, Sunday and the second and fourth Saturdays of every month are weekly holidays in banks. For this reason, on May 10, being the second Saturday of the month, all banks across the country will remain closed.
Sunday holiday
There will be a bank holiday on May 10, the second Saturday, and the next day, May 11, Sunday, there will be a weekly holiday for all banks. Thus, there will be a weekly holiday for banks across the country on May 11.
Buddha Purnima holiday
Monday, May 12, is the day of Lord Buddha's birth, Mahaparinirvana, and enlightenment, which is also known as Buddha Purnima. On this occasion, a government holiday has been declared in some places in the country. Due to this, schools, colleges, government offices, and banks will remain closed in some states on May 12. However, this government holiday is not in all states of the country.
Where will banks remain closed on May 12?
The day of Buddha Purnima is known for its message of non-violence, humanity, and compassion. There will be a bank holiday for three consecutive days on the occasion of the second Saturday, Sunday, and Buddha Purnima.
Although it is still advisable to cross-check the other local banks.