Bank Holidays May 2022: There Are 11 Bank Holidays This Month, Check Full List

After the list of April 2022 bank holidays, it's time for the fifth month of the new year, and with it comes a new set of bank holidays.?

Banks will be shut for 11 days in May 2022 including second and fourth Saturdays and Sundays.?As per the Reserve Bank of India (RBI) guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments.

The month of May observes 11 bank holidays - the first holiday starts from?Eid-UL-Fitr?on May 2 and other holidays like?Buddha Purnima?on May 16 will be observed holidays which are applicable to all banks in India except some states.

Bank Holidays May 2022 | Photo: AFP

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month.?Under the Negotiable Instruments Act, RBI has declared holidays on May 2 (Ramjan-Eid (Eid-UL-Fitr)), 3 (Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya), 9 (Birth Anniversary of Rabindranath Tagore) and 16 (Buddha Purnima).?Apart from this, there are five Sundays in the month falling on May 1, 8, 15, 22 and 29, and also on the second and fourth Saturdays on May 14 and 28.

According to the Reserve Bank's calendar, apart from the weekend, there are 4?bank holidays in May month. The central government has divided the holidays into three categories, under the Negotiable Instruments Act, 1881. In these three categories – Holidays under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts.

Those who have to complete the important work related to the bank in October, should see the list of holidays and plan their work in advance.

Check out the state-wise list of bank holidays in May 2022:?

1. May 1, 2022: Weekly off (Sunday)

Banks across the country will be closed on their weekly off on Sunday, 1 May 2022.

2. May 2 (Monday) - Ramjan-Eid (Eid-UL-Fitr)

Banks will be closed in Kerala on the occasion of Ramjan-Eid (Eid-UL-Fitr).

3. May 3 (Tuesday)- Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya

Banks will be closed across the country except in Kerala on 3 May 2022 on the occasion of Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya

4. May 8, 2022: Weekly off (Sunday)

Banks across the country will be closed on their weekly off on Sunday, 8 May 2022.

5. May 9: (Monday) - Birth Anniversary of Rabindranath Tagore

Banks remain closed Monday, 9 May 2022 in Bengal on the birth anniversary of Rabindranath Tagore.

6. May 14 (Second Saturday of the month) - Weekend Bank Holiday

All the banks across the country remain closed on the second Saturday of the month on 14 May 2022.

7. May 15 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 15 May 2022.

8. May 16 (Monday) - Buddha Purnima

Banks remain closed on 16 May 2022 on the occasion of Buddha Purnima in Punjab and Haryana, Uttarakhand, Jammu, Uttar Pradesh, Tripura, Belapur, Madhya Pradesh, Maharashtra, New Delhi Chhattisgarh, Jharkhand, Himachal Pradesh and Srinagar.

9. May 22, 2022: Weekly off (Sunday)

Banks across the country will be closed on their weekly off on Sunday, 22 May 2022.

10. May 28 (Fourth Saturday of the month) - Weekend Bank Holiday

All the banks in the country remain closed on the fourth Saturday of the month on 28 May 2022.

11. May 29 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 29 May 2022.

On the RBI rules, there are three categorized holidays and they are as follows:

1. Holiday under Negotiable Instruments Act

2. Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday

3. Banks Closing of Accounts

For the latest from trending, click?here.