Bank Holiday on Monday, Bank Holidays in May 2024, Lok Sabha Elections 2024 Phase 5: Are banks open or closed on May 20? Private and public sector banks will remain closed  in a few cities on Monday, May 20 on account of Lok Sabha Phase 5 polls, according to the Reserve Bank of India's holiday calendar 2024. 

Are banks open or closed on May 20? 

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The bank will remain closed in Belapur and Mumbai. Therefore, banks are up for a long weekend here, since banks will be closed on May 18 (Saturday), May 19 (Sunday), and May 20 (Monday).

Lok Sabha Elections 2024

In the fifth phase, voting will be held on 14 Lok Sabha seats including Mohanlalganj, Lucknow, Raebareli, Amethi, Jalaun, Jhansi, Hamirpur, Banda, Fatehpur, Kaushambhi, Barabanki, Faizabad, Kaiserganj, and Gonda. 

Online services

One must note that bank-related work can still be done through mobile or net banking.

As per the RBI guidelines, bank holidays in India fall into three categories: 

  • Holiday under Negotiable Instruments Act
  • Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
  • Banks’ Closing of Accounts

Upcoming bank holidays in May 2024: Full list

 

Holiday Description Date (May)
Lok Sabha General Elections 2024 20
Buddha Pournima 23
Nazrul Jayanti/Lok Sabha General Elections 2024 25

Bank holidays in May 2024: State-wise full list 

 

May 2024 1 7 8 10 14 16 20 23 25
Agartala              
Ahmedabad                
Aizawl                
Belapur            
Bengaluru              
Bhopal              
Bhubaneswar                
Chandigarh                
Chennai                
Dehradun                
Gangtok                
Guwahati                
Hyderabad - Andhra Pradesh                
Hyderabad - Telangana                
Imphal                
Itanagar                
Jaipur                  
Jammu                
Kanpur                
Kochi                
Kohima                  
Kolkata            
Lucknow                
Mumbai            
Nagpur              
New Delhi                
Panaji              
Patna                
Raipur              
Ranchi                
Shillong                  
Shimla                
Srinagar              
Thiruvananthapuram              
 

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