Bank Holidays in May 2024: On May 20, Monday, banks in various cities will be closed in accordance with the fifth phase of the Lok Sabha elections. Voting in 49 seats spread across six states and two union territories will take place on the 20th. A total of 695 candidates are running in the elections scheduled on May 20.
List of Bank Holidays: You need to be aware of bank holiday information if you often visit the branch for work-related matters. In several places this week, banks will be closed for two days in a row. Actually, on May 20, the nation will vote in the fifth phase of the Lok Sabha elections 2024. In the cities where the vote will take place, banks will be closed. May 19 is a Sunday and May 20 is a Monday. Banks will be closed for two days in a row in this manner. The May 20th holiday will only be observed in the cities where the election will take place.
On May 20, banks will be closed in a number of places.
The Reserve Bank of India (RBI) has previously announced that the cities hosting the election vote would observe a bank holiday on that day. On May 20, Monday, banks across various cities will be closed in accordance with the fifth phase of the Lok Sabha elections. Voting in 49 seats spread across six states and two union territories will take place on the 20th. A total of 695 candidates are running in the elections scheduled on May 20.
The Festival of Buddha Purnima falls on May 23.
Odisha, Uttar Pradesh, Jharkhand, Ladakh, West Bengal, Maharashtra, Bihar, and Jammu and Kashmir are among the states where voting will take place on May 20. On this day, banks throughout the nation will stay open. On May 20, banks in Belapur and Mumbai's financial districts will stay closed, according to the RBI. The Buddha Purnima holiday, which falls on May 23, is one of the remaining May 2024 holidays. The Lok Sabha elections' sixth phase will be held on May 25. The 26th of May is a Sunday, and today is the fourth Saturday. In this sense, this week's bank holidays are scheduled for May 20, May 23, May 25, and May 26, during which time banks will remain open.
Additionally, bank holidays fluctuate among the nation's states and towns. It would be best to first confirm the dates on which the banks will be closed if you want to visit the bank branch for any work this week. However, you can use the internet, ATMs, mobile devices, and digital banking to complete your bank-related tasks during this period.