Bank holiday today: Banks to remain closed on May 7 in these cities due to Lok Sabha Election Phase 3 polls

Are banks closed on 7th May? All private and public sector banks will remain closed tomorrow, May 7 on the account of Lok Sabha Phase 3 polls,  according to the Reserve Bank of India's holiday calendar 2024. On the day, 95 Lok Sabha seats will be contested across 12 states and union territories.

The previous stages of voting occurred on April 19 and April 26, with several cities seeing bank closures on those dates.

The RBI has divided bank holidays into three categories: Negotiable Instruments Act Holidays, Real-Time Gross Settlement Holidays, and Bank Account Closing Holidays. 

Bank Holidays in May 2024, state-wise: full list

Lok Sabha elections 2024 Phase 3 Time

The LS polling will be held in 93 Lok Sabha constituencies across 11 states and union territories. As many as 1,351 candidates are in the fray in the phase 3 polls, the Elections Commission of India said. All 25 Lok Sabha seats in Gujarat will go polls in the third phase.

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However, bank-related work can still be done through mobile or net banking.