Bank Holiday Today: Are banks open or closed on Saturday 24 May? Look here | Mint

Bank Holiday Today: On May 24, 2025, banks will observe a holiday due to the RBI’s schedule, which instructs the closures on the second and fourth Saturdays banking holidays today: Banks will be closed on Saturday, May 24. Bank Holiday Today: According to the Reserve Bank of India (RBI), banks will be closed on May 24, 2025, the fourth Saturday of the month. Why are banks closed on Saturday, May 24? Banks are generally closed on the second and fourth Saturdays of each month, while they are open on the first and third Saturdays, according to the RBI calendar. Since May 26 is the fourth Saturday of the month, the banks will be closed on this day. Where to check the bank holidays? Customers can see if banks are open or closed on a given day by visiting the official channels of the RBI, which is the website and notifications for banks. Types of banking holidays The central bank has appointed three types of banking holidays: Negotiable Instruments Act, real -time gross settlement (RTGS) holidays and the closure of the accounts of the banks. Saturday, May 24, 2025, is categorized as a holiday under the Negotiable Instruments Act, which regulates the issuance of checks and promotion. Therefore, transactions including these instruments will not be available during the holidays. Services available on a banking holiday online banking will be available for seamless access to banking during the banking holidays across the country. Customers can use these services for easy financial transactions. Fund transfer requests can be made using NEFT/RTGS transfer forms, demand forms and forms for checkbooks. Credit cards, debit cards and ATM cards can be secured by card services. Services such as account maintenance forms, setting up standing instructions and application for a locker room are also available. Bank holidays in May 2025: Full list in May has appointed the RBI six bank holidays for different religious and regional recorders in addition to Saturdays and Sundays. May 1 (Thursday) – Maharashtra Din and May Day (Labor Day) May 9 (Friday) – Birthday of Rabindranath Tagore May 12 (Monday) – Buddha Purnima May 16 (Friday) – State May 26 (Monday) – Birthday of Kazi Nazrul Islam May 29 (Thursday) – Maharana Pratap Jayanti