Bank Holiday today: Are banks open THIS Saturday, May 25? Check here

Bank Holiday: All PSUs and private banks will remain shut today, as it is a bank holiday on second and fourth Saturdays of every month

Livemint
First Published25 May 2024
Are banks closed today?
Are banks closed today?

Are banks open today? Amid Lok Sabha general elections phase 6 voting and weekend, people looking to visit their nearest bank branches for work must wait till Monday. Banks across India will be closed on Saturday and Sunday, ie May 24 and May 25. According to the Reserve Bank of India circular, all private and PSU banks are closed on the second and fourth Saturdays. Whereas banks remain open only on the first, third and fifth Saturdays (if it exists).

Also Read: Lok Sabha Elections 2024: In 2019, Congress couldn't win any of the 58 seats voting in phase 6 today, BJP bagged 40

Additionally, Saturday's bank holiday has been separately marked for banks in Bhubhaneshwar and the Agartala regions due to Nazrul Jayanti/Lok Sabha General Elections 2024 in the RBI Holiday calendar.

Also Read: Lok Sabha Elections 2024: All set for pitched capital battle as 7 Delhi seats vote in phase 6 today

Bank Holidays

According to the Reserve Bank of India, bank holidays have been categorised into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays, and Banks' Closing of Accounts.

Lok Sabha Elections LIVE

Despite of a bank holiday today, essential banking services like ATMs and Internet banking will remain functional today. Closure of banks on Saturday aligns with the banks's usual operational schedule, where there is a holiday on second and fourth Saturdays alongside Sundays. 

Also Read: Weather Update: IMD predicts rainfall, heatwave alert for THESE states till May 28

Lok Sabha Elections phase 6

Under the sixth phase of Lok Sabha Elections 2024, voting will be held on as many as 58 seats across eight states and Union Territories (UTs). Out of the eight states, Haryana's ten seats and Delhi's seven seats will also go to polls today. 

After the sixth phase of Lok Sabha voting, fate of 486 Lok Sabha constituencies will be sealed. The final results will be announced on June 4. Additionally, the remaining 57 seats will vote in the last phase of June 1. Out of all the seats, special focus will remain on the seven constituencies voting in Delhi today. 

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