Important Update: Banks Will Be Closed on May 24, 2025 – Here’s What You Need to Know!
Bank holiday today: According to the Reserve Bank of India (RBI) calendar, banks will be closed on May 24, 2025, the fourth Saturday of the month. This closure is part of the RBI’s standard schedule, which designates specific days as non-working days for banks across the country.
Why are banks closed on Saturday, May 24?
In India, the banking sector adheres to a strict schedule regarding operational days. As per the RBI calendar, banks take a break on the second and fourth Saturdays of every month. This means that while they are open for business on the first and third Saturdays, the fourth Saturday presents a day off. Since May 26, 2025, is the fourth Saturday, customers can expect most bank branches to be closed for regular transactions.
Where to check bank holidays?
Customers looking to find out bank holidays can easily do so via the RBI’s official channels. The Reserve Bank of India’s website is an excellent resource, along with notifications issued to various banks. This ensures that individuals remain informed about whether financial institutions are operating on any given day, helping them plan their banking needs more efficiently.
Types of bank holidays
The RBI categorizes holidays into three main types:
- Negotiable Instruments Act holidays: These pertain to days when services related to cheques and promissory notes are unavailable.
- Real-Time Gross Settlement (RTGS) holidays: Days designated for transactions that involve real-time gross settlements.
- Closing of accounts holidays: Specific days when financial institutions may cease account operations temporarily.
Saturday, May 24, 2025, falls under the Negotiable Instruments Act category. As a result, transactions involving cheques and promissory notes will not be processed on this day. This type of holiday is significant, as it directly impacts how customers manage their payment and transaction schedules.
Services available on a bank holiday
While physical bank branches will be closed on holidays, technological advancements offer some silver linings. Customers can still access a variety of online banking services throughout the country. This ensures that essential banking functions remain operational even when traditional banking environments are unavailable. Here’s a breakdown of services customers can utilize during bank holidays:
- Online banking services are fully functional, allowing for convenient financial transactions.
- Fund transfer requests can be executed using digital platforms, leveraging NEFT or RTGS forms.
- Chequebook requests can be made online, ensuring that you have your necessary instruments when needed.
- Individuals can access their account information, transfer money, and check balances through mobile banking apps.
- Card services, including credit and debit cards, remain available, allowing for secure transactions and management.
- Other services such as maintaining accounts, setting up standing instructions, or applying for locker facilities can be performed online.
Bank holidays in May 2025: A comprehensive look
As we move through May 2025, the RBI has designated several days as bank holidays. In addition to the customary Saturdays, the month includes six specific holidays related to various cultural, religious, and regional observances. Here is a complete list of designated holidays for May 2025:
- May 1 – Labor Day
- May 10 – Akshaya Tritiya
- May 18 – Buddha Purnima
- May 24 – Fourth Saturday (Bank Holiday)
- May 26 – Sunday (Regular Closure)
- May 29 – Id-ul-Fitr
Understanding the dates on which banks will close allows customers to plan ahead for their banking needs, ensuring they are never caught off guard by sudden closures or unavailability of services. Being informed is key in navigating day-to-day financial transactions!
In summary, as we look toward Saturday, May 24, 2025, it is essential for customers to note the bank’s schedule, leverage online services, and ensure that financial transactions are completed before the holiday. Keeping these points in mind will help maintain seamless banking experiences for all. Happy planning!
