Buddha Purnima: Banks will be closed in selected states today

Banks will be closed in different parts of the country on May 16 due to Buddha Purnima. According to the Reserve Bank of India (RBI) holiday calendar, there will be banks in Tripura, Belapur, Madhya Pradesh, Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Maharashtra, New Delhi, Bengal, Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar. Closed Monday, thus the weekend will be an extended one.

According to Reserve Bank of India (RBI) rules, all banks in the country, including public, private, foreign, co-operative and regional banks, will be closed on specified days as notified by the country’s central bank under three sections: Negotiable Instruments Act, Holiday, Real-Time. Gross Settlement Holiday, and Closing Bank Accounts Not all states observe bank holidays and they vary depending on the state

In May 2022, there were a total of 11 bank holidays, including the second and fourth Saturdays and Sundays.

Bank holidays for the rest of May 2022:

May 16 (Monday) – Buddha full moon. Banks will be closed in Tripura, Belapur, Madhya Pradesh, Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Maharashtra, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar.

22 May 2022: Weekly Holiday (Sunday), All India

May 28, 2022: Fourth Saturday, All India

May 29, 2022: Weekly Holiday (Sunday), All India

Buddha Purnima, which falls on May 16 this year, marks the birthday of Gautam Buddha On this day, devotees of Buddha go to temples to listen to the speeches of monks and recite ancient verses.

In addition to this, in May 2022, there were four festivals in addition to Sunday and the second and fourth Saturday. Customers should keep in mind that online banking services will be available during the holidays.