Bank Holidays: Are banks open THIS Saturday, May 18? Check details

Are banks open today? Yes they as there is a holiday only on the second and fourth Saturdays and all the Sundays in every month

Livemint
First Published18 May 2024
Are banks open today? Banks are closed in second and fourth Saturday of every month. Hence, there is no bank holiday on May 18
Are banks open today? Banks are closed in second and fourth Saturday of every month. Hence, there is no bank holiday on May 18

Are banks open today? Banks will remain open this Saturday, May 18, as the Reserve Bank of India's order has allowed the closure of all private and PSU banks on all second and fourth Saturdays of each month. However, the Saturday falling on May 18 is the third Saturday of May, hence all the official work at banks will continue as it is today.

Also Read: FPI outflows driven by skewed selling in banks, domestic cyclicals see robust inflows

People who are unwilling to visit the bank because of rampant heatwave-like conditions and weekends can also explore the option of online banking. Nowadays, banks provide many services to their customers via online or mobile banking.  

Also Read: Pressure on banking stocks transitory, experts say; SBI, ICICI Bank, Axis Bank among top picks for long term

Bank Holidays list of May 

In addition to all Sundays and second and third Saturdays, banks remain closed on Holidays classified by the Reserve Bank of India (RBI) under three categories: Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and bank account closures. Take a look at the Bank Holidays in the remaining month of May, according to the RBI calendar:

Bank Holiday on May 20: All banks in Maharashtra will remain shut on May 20 because of Lok Sabha General Elections 2024.

Bank Holiday on May 23: All PSU and private banks will remain closed in several regions, including Tripura, Mizoram, Madhya Pradesh, and Uttar Pradesh.

Bank Holiday on May 25: Banks will remain closed in the Agartala and Bhubaneshwar regions. 

(Note: The holidays mentioned above have been announced by the RBI under the Negotiable Instruments Act and may, hence, be applied to selective states and regions.)

In addition to the above mentioned holidays, banks like the Punjab National Bank (PNB), SBI, CBI, ICICI, HDFC, will remain closed on national holidays like Independence Day, Gandhi Jayanti, and Christmas Day. 

Five-day workweek for banks 

Amid calls for implementing afive-day bank workweek, the central government is considering the proposal. However, there has been no official announcement about implementing a five-day work week for banks. 

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeIndustryBankingBank Holidays: Are banks open THIS Saturday, May 18? Check details

Most Active Stocks

Indus Towers

334.00
10:29 AM | 19 JUN 2024
-9.9 (-2.88%)

Bharat Electronics

309.30
10:26 AM | 19 JUN 2024
-8.95 (-2.81%)

HDFC Bank

1,658.00
10:24 AM | 19 JUN 2024
49.25 (3.06%)

Tata Steel

180.05
10:25 AM | 19 JUN 2024
-1.1 (-0.61%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Alok Industries

29.50
10:27 AM | 19 JUN 2024
2.15 (7.86%)

Jubilant Ingrevia

554.95
10:16 AM | 19 JUN 2024
39.85 (7.74%)

Triveni Engineering & Indus

413.75
10:29 AM | 19 JUN 2024
28.85 (7.5%)

Shree Renuka Sugars

51.22
10:29 AM | 19 JUN 2024
3.47 (7.27%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,281.000.00
    Chennai
    72,711.000.00
    Delhi
    73,495.000.00
    Kolkata
    73,566.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsloanPremiumGet App