As per the holiday calendar list released by the Reserve Bank of India (RBI), banks in certain states of India will remain closed on May 5, 2023, to mark Buddh Purnima.
The list indicates that banks will have a total of 12 holidays in May 2023, taking into consideration the weekends and the second and fourth Saturdays of the month.
On the occasion of Buddh Purnima, banks will remain closed in Tripura, Mizoram, Maharashtra, Madhya Pradesh, Chandigarh, Uttarakhand, Jammu, Uttar Pradesh, Bengal, New Delhi, Chhattisgarh, Jharkhand, and Himachal Pradesh.
However, it will be a normal working day for the banks in other states.
Also read: Bank Holidays 2023 in India
Buddha Purnima, which is falling on May 5 this year, celebrates the birth of Prince Siddharta Gautama (circa 563-483 B.C.) who later went on to be popularly known as the Buddha, the founder of Buddhism.
Banks across different states in India will be closed for 12 days this month. However, the customers can conduct transactions through digital methods as usual as mobile and Internet services will be operational.
May 2023 bank holidays: Full list here
May 1 (Monday)- Maharashtra Day/International Workers' Day: Karnataka, Maharashtra, Tamil Nadu, Assam, Andhra Pradesh, Telangana, Kerala, Bengal, Goa, and Bihar
May 2 (Tuesday)- Municipal Corporation Elections, 2023: Shimla
May 5 (Friday)- Buddh Purnima: Tripura, Mizoram, Maharashtra, Madhya Pradesh, Chandigarh, Uttarakhand, Jammu, Uttar Pradesh, Bengal, New Delhi, Chhattisgarh, Jharkhand, and Himachal Pradesh
May 9 (Tuesday)- Birthday of Rabindranath Tagore: West Bengal
May 16 (Tuesday)- State Day: Sikkim
May 22 (Monday)- Maharana Pratap Jayanti: Himachal Pradesh
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