Banks across India will remain closed today, May 23, as it is the fourth Saturday of the month, according to the Reserve Bank of India’s (RBI) holiday calendar for the financial year 2026-27.
Under RBI rules, banks remain shut on the second and fourth Saturdays of every month, apart from Sundays and selected regional and national holidays observed in different states.
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Why are banks closed today?
The closure applies to public and private sector banks across the country. Since May 23 falls on the fourth Saturday, branch services such as cash deposits, cheque clearances and in-person banking transactions will not be available.
Customers are advised to plan branch visits accordingly, especially with another holiday scheduled tomorrow, May 24, due to Sunday.
Online banking services remain available
Even though bank branches are closed, digital banking services will continue without interruption. Customers can still access internet banking, mobile banking, ATMs and UPI-based services for transactions, bill payments and fund transfers.
Banks generally maintain online services during holidays to ensure customers can complete essential financial activities without visiting branches.
Next bank holiday in India
After today’s closure, the next bank holiday will be on Sunday, May 24. Banks in Tripura will also remain closed on May 26 on account of the birth anniversary of Kazi Nazrul Islam.
Full list of bank holidays in May 2026
Banks across India are scheduled to remain closed for 12 days in May 2026, including weekends and regional holidays.
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Some of the major closures this month include May 1 for Maharashtra Day, Buddha Pournima and Labour Day, May 9 for Rabindranath Tagore’s birth anniversary in West Bengal and the second Saturday holiday, and May 27-28 for Bakri Eid celebrations in several states.
In addition to these holidays, banks remain closed nationwide on Sundays: May 3, 10, 17, 24 and 31 along with the second and fourth Saturdays of the month.
