Bank customers across India are gearing up for approximately 10 non-working days in May 2024, owing to a mix of religious holidays and weekends. The Reserve Bank of India (RBI), in coordination with state governments, has outlined a schedule encompassing 13 non-working days, including the second and fourth Saturdays, as well as Sundays.
May 1 Holiday: Celebrating Labour Day
Tomorrow, on May 1, 2024, major cities will observe a bank holiday in commemoration of May Day. This day holds significance as it honors the contributions of workers across various industries.
Complete List of Bank Holidays in May 2024:
| Date (Day) | Holiday in States | Reason |
|---|---|---|
| May 1 (Wednesday) | Maharashtra, Karnataka, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, West Bengal, Goa, Bihar | Maharashtra Day/May Day (Labour Day) |
| May 5 (Sunday) | Nationwide | Sunday |
| May 7 (Tuesday) | Gujarat, Madhya Pradesh, Goa | The third phase of the ongoing Lok Sabha Elections 2024 |
| May 8 (Wednesday) | West Bengal | Rabindra Jayanti |
| May 10 (Friday) | Karnataka | Basava Jayanti/Akshaya Tritiya |
| May 11 (Saturday) | Nationwide | Second Saturday |
| May 12 (Sunday) | Nationwide | Weekly off |
| May 13 (Monday) | Jammu and Kashmir | Lok Sabha elections |
| May 16 (Thursday) | Sikkim | State Day |
| May 19 (Sunday) | Nationwide | Weekly off |
| May 23 (Thursday) | Major cities | Buddha Purnima |
| May 25 (Saturday) | Agartala, Bhubaneswar | Lok Sabha elections, Second Saturday |
| May 26 (Sunday) | Nationwide | Weekly off |
FAQs about May 1 Holiday and Bank Holidays in May 2024:
1 .Why is May 1 celebrated as Labour Day?
May 1, also known as Labour Day, commemorates the historic struggles of the labor movement, advocating for better working conditions and labor rights globally.
2. Are online banking services available during bank holidays?
Yes, online banking services remain operational during bank holidays and weekends, ensuring customers can conduct transactions conveniently through websites, mobile apps, or ATMs.
3. How many non-working days are there in May 2024?
In May 2024, there are approximately 10 non-working days due to a combination of weekends and bank holidays.
4. Which states observe May 1 as a bank holiday?
Maharashtra, Karnataka, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, West Bengal, Goa, and Bihar observe May 1 as a bank holiday.
5. What is the significance of Buddha Purnima on May 23?
Buddha Purnima marks the birth, enlightenment, and death of Gautama Buddha, the founder of Buddhism, and is observed with reverence by Buddhists worldwide.
6. Will ATMs be operational during bank holidays?
Yes, ATMs will be operational during bank holidays, allowing customers to withdraw cash and perform other basic transactions.
Conclusion:
As May 1 approaches, it’s essential for bank customers to be aware of the upcoming bank holidays in May 2024. While physical bank branches may be closed on these days, online banking services ensure seamless transactions, offering convenience and accessibility to customers throughout the month. Stay informed and plan your banking activities accordingly to make the most of the upcoming holidays.
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