List of Bank Holidays in May 2020
In India, both public and private sector banks remain closed on all public holidays, National holidays and second and fourth Saturday’s of the month. In May 2020, banks will remain closed on the occasion of May Day, Buddha Purnima and Eid-ul-Fitr. In addition to these holidays, bank holidays vary from state to state and are closed on state-specific holidays too.
The holidays which are announced by the Central Government are applicable to all the banks pan India while the holidays which are announced by the State Governments are applicable only to the banks of that particular state.
The list of bank holidays helps a person in planning his future plans. A person will have prior information about the bank holidays and will skip going to banks for getting important work done on those days.
Below is the complete list of National as well as state-specific holidays in the month of May 2020:
|Date||Bank Holidays in May 2020 (National)|
|May 1, 2020||May Day|
|May 7, 2020||Buddha Purnima, Rabindranath Tagore Birthday|
|May 9, 2020||Second Saturday|
|May 23, 2020||Fourth Saturday|
|May 25, 2020||Eid-ul-Fitr|
|Date||Bank Holidays in May 2020 (State Specific)|
|May 1, 2020||Maharashtra Day (Maharashtra)|
|May 16, 2020||Sikkim became part of India (Sikkim)|
|May 21, 2020||Shab-e-Qadr (Jammu and Kashmir)|
|May 22, 2020||Jamat-ul-Vida (Jammu and Kashmir)|
This is the complete list of bank holidays for the month of May 2020. The first bank holiday list of May 2020 is for all the banks pan India and is declared by the Central Government. The second list is state-wise and is declared by the Governments of the respective states. The first list of bank holidays is applicable to all the banks in India while the second list of bank holidays is only applicable to the banks of those particular states.