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.
Here’s a list of bank May Bank Holidays in 2023:
|May 1||Maharashtra Day/May Day||Some regions*|
|May 5||Buddha Purnima||Some regions*|
|May 16||State Day||Gangtok|
|May 22||Maharana Pratap Jayanti||Shimla|
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
|13 May 2023||Saturday||Second Saturday|
|27 May 2023||Saturday||Fourth Saturday|
Bank Holidays in May: FAQs
Yes. All banking institutions will be closed on 13th May 2023. As this day is mandatory bank holiday on Saturdays.
Yes. You can make UPI transaction even on bank holidays
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.