Bank vacation right now: According to the Reserve Bank of India (RBI) calendar, banks shall be closed on May 24, 2025, the fourth Saturday of the month.
Why are banks closed on Saturday, May 24?
Banks are usually closed on the second and fourth Saturdays of each month, whereas they’re open on the primary and third Saturdays, in response to the RBI calendar. Since May 26 is the fourth Saturday of the month, the banks shall be closed on this present day.
Where to test financial institution holidays?
Customers can test whether or not banks are open or closed on a given day by visiting the RBI’s official channels, that are the web site and notifications to banks.
Types of financial institution holidays
The central bank has designated three varieties of financial institution holidays: Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts.
Saturday, May 24, 2025, is categorised as a vacation below the Negotiable Instruments Act, which regulates the issuing of cheques and promissory notes. Therefore, transactions together with these devices is not going to be accessible in the course of the holidays.
Services accessible on a financial institution vacation
Online banking providers shall be accessible throughout the nation throughout financial institution holidays for seamless entry to banking providers. Customers can use these providers for handy monetary transactions.
Fund switch requests might be made utilizing NEFT/RTGS switch varieties, demand draft request varieties, and chequebook varieties. Credit playing cards, debit playing cards, and ATM playing cards might be secured by way of card providers. Services similar to account upkeep varieties, establishing standing directions, and making use of for a locker are additionally accessible.
Bank holidays in May 2025: Full listing
In the month of May, the RBI designated six financial institution holidays for varied spiritual and regional observances along with Saturdays and Sundays.
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