In May, the Reserve Bank of India released a 12-day holiday calendar listing public and private banks in the country. The RBI has declared a holiday for banks on the second and fourth Saturdays, including four Sundays in May. The Reserve Bank has announced holidays in different states of the country. Banks have declared a holiday on May 1 on the occasion of Labor Day and Maharashtra Day. On May 2, Sunday is a bank holiday.
The RBI has given a holiday to banks on the occasion of Jamat Ul -Vida 7th May. The second Saturday of May 8 and the Sunday of May 9 are bank holidays. Banks will be closed on May 13 during Ramadan Eid-ul-Fitr. On May 14, Lord Sri Parashuram Jayanti, Basavajayanti and Akshaya Tritiya holidays are declared. On 16th May, Sunday is a bank holiday, Saturday is a holiday on 22nd May and a holiday on Sunday 23rd May. RBI announces a holiday for banks on May 26 on the occasion of Buddha Purnima. On Sunday, May 30, the RBI said banks would be closed.
Fifty percent of employees do not come to banks because of the corona infection. Due to Corona, some banks are open from 10 am to 2 pm. In addition, the announcement of a 12-day holiday for banks will disrupt financial transactions. However, the Reserve Bank of India (RBI) has said that ATMs and online transactions can continue during the holidays.