According to the Reserve Bank of India, there will be a total of 12 bank holidays in May. Branches will be non-functional on account of festivals, important days, Sundays, and second and fourth Saturdays. It is to be noted, however, that some festivals/important days are specific only to certain states. In such a case, therefore, banks will not open in that state or region.
RBI, the country’s central bank, categories bank holidays as ‘national’ and ‘regional.’ Under the former category, branches across the country are closed. Also, even on non-working days, online financial services remain functional as usual.