Bank Holidays in May 2021- According to the RBI’s website, private and public banks in India will remain shut for 12 days in May 2021, which also includes 5 Sundays and 2 Saturdays.
List of Bank Holidays in May 2021
As per the bank holiday calendar issued by RBI, banks in most states will remain shut on May 14 on account of Eid-ul-Fitr. Besides this, some banks will also observe holidays on Akshaya Tritiya, Labour days, Buddha Pournima, Id-ul-Fitr, and Jumat-ul-Vida. Here is the list of Bank Holidays in May 2021.
|1||May 1, 2021||Saturday||Maharashtra Din/May Day(Labour Day)|
|2||May 7, 2021||Friday||Jumat-ul-Vida|
|3||May 13, 2021||Thursday||Ramzan Id (Id-Ul-Fitr)|
|4||May 14, 2021||Friday||Bhagvan Shree Parshuram Jayanti/Basava Jayanti/Akshaya Tritya|
|5||May 26, 2021||Wednesday||Buddha Pournima|
Banks Weekly off in May 2021:- Apart from the above, there will be a total of 5 Sundays and 2 Saturdays on which the bank will remain closed.
|Saturdays and Sundays in May 2021|
|2nd May- Sunday|
|8th May– Second Saturday|
|9th May- Sunday|
|16th May Sunday|
|22nd May- Fourth Saturday|
|23rd May- Sunday|
|30th May- Sunday|
It must be noted that the bank holidays are not observed in all the states and they vary as per the specific state or region. Only Gazetted holidays are observed by banks all over the country.
Frequently asked questions (FAQs)
How many bank holidays are there in 2021?
There are more than 40 days in 2021 when banks will remain closed. Except for these holidays, some holidays will vary in different states and will also depend on certain state-specific festivals.Advertisement
Full Details- https://newtaxroute.com/list-of-bank-holidays-in-2021-in-india.html
How many days will May have in 2021?
There are total 30 days in May 2021.
How many days banks are closed in May 2021?
According to the RBI’s website, private and public banks in India will remain shut for 12 days in May 2021, which also includes 5 Sundays and 2 Saturdays. Banks in most states will remain shut on May 14 on account of Eid-ul-Fitr. Besides this, some banks will also observe holidays on Akshaya Tritiya, Labour days, Buddha Pournima, Id-ul-Fitr, and Jumat-ul-Vida
Is May 1st, 2021 a Bank holiday?
Yes, on May 1st 2021, banks will remain closed on the event of Maharashtra Din and May Day(Labour Day).Advertisement
Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance
This post was last updated on May 1, 2021 12:32 PM