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Investment Simplified > Banking > Bank Holidays in May 2023
Banking

Bank Holidays in May 2023

Ashish Kumar
Ashish Kumar January 17, 2023 2 Min Read
Updated 2023/01/17 at 4:53 PM
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All banks in India remains closed on public, national and state-specific festivals. Besides this, banks are also closed on 2nd and 4th Saturday every month along with Sundays in a year. Individuals can perform banking related transactions even on bank holidays. These transactions can be made through UPI, Mobile Banking and Internet Banking. It is important to know the Bank Holidays in May 2023 to plan your month beforehand.

Contents
Bank Holidays in May 2023 on SaturdaysBank Holidays in May: FAQs

Here’s a list of bank May Bank Holidays in 2023:

DayHoliday DescriptionRegion
May 1Maharashtra Day/May DaySome regions*
May 5Buddha PurnimaSome regions*
May 16State DayGangtok
May 22Maharana Pratap JayantiShimla

Bank Holidays in May 2023 on Saturdays

As per the Reserve Bank of India, all private and public banks will remain shut on 2nd and 4th Saturday every month along with Sundays in a year. Although, banks will be operational on 1st, 3rd & 5th Saturday until and unless there are no other holidays.

Here’s a list of Bank Holidays on Saturday in May 2023

DateDayHoliday
13 May 2023SaturdaySecond Saturday
27 May 2023SaturdayFourth Saturday

Bank Holidays in May: FAQs

Is there a bank holiday on 13th May 2023?

Yes. All banking institutions will be closed on 13th May 2023. As this day is mandatory bank holiday on Saturdays.

Can I make UPI transaction on bank holiday?

Yes. You can make UPI transaction even on bank holidays

Is Axis Bank closed tomorrow?

Axis Bank will be closed only public, national, state-specific festivals. In addition to this, banks will also be closed on 2nd and 4th Saturday every month as well as on Sundays.

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Posted by Ashish Kumar
Ashish Kumar is a SEO content writing enthusiast and an avid blogger who closely follows the latest financial trends. He writes about various topics related to Insurance, Aadhaar, PAN, Banking and other financial products.
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