Is it a bank holiday on May 5 for Buddha Purnima?

Banks in a few Indian states will be closed on May 5, 2023, in observance of Buddha Purnima, according to the Reserve Bank of India's (RBI) list of holidays. In May, banks in India are closed for 12 days including all Sundays, second and fourth Saturdays.

Note that bank holidays vary between states and areas as some are marked as public holidays across the country while others are observed locally.

The month of May has some popular occasions like Maharashtra Day/May Day, Buddha Purnima, birth anniversary of Rabindranath Tagore, State Day and Maharana Pratap Jayanti due to which banks will be closed across respective states. The second and fourth Saturdays are also designated holidays.


Also read: Bank Holidays in May 2023: Banks to remain closed for 12 days in May

Banks closed on May 5, 2023
Banks are closed in Tripura, Mizoram, Maharashtra, Madhya Pradesh, Chandigarh, Uttarakhand, Jammu, Uttar Pradesh, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Srinagar.

Other holidays in May
May 9 (Tuesday)- Birthday of Rabindranath Tagore: Bengal
May 16 (Tuesday)- State Day: Sikkim
May 22 (Monday)- Maharana Pratap Jayanti: Himachal Pradesh.

According to the Reserve Bank of India bank holidays are categorised under these heads;

• Holiday under Negotiable Instruments Act
• Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
• Banks’ Closing of Accounts.

May bank holidays 2023

May-23	1	2	4	5	9	16	22
Agartala				•
Ahmedabad
Aizawl				•
Belapur	•			•
Bengaluru	•
Bhopal				•
Bhubaneswar
Chandigarh				•
Chennai	•
Dehradun				•
Gangtok						•
Guwahati	•
Hyderabad - Andhra Pradesh	•
Hyderabad - Telangana	•
Imphal	•
Jaipur
Jammu				•
Kanpur				•
Kochi	•
Kolkata	•			•	•
Lucknow			•	•
Mumbai	•			•
Nagpur	•			•
New Delhi				•
Panaji	•
Patna	•
Raipur				•
Ranchi				•
Shillong
Shimla		•		•			•
Srinagar				•
Thiruvananthapuram	•

Bank holiday discription

Holiday Description	Day
Maharashtra Day/May Day	1
Municipal Corporation Elections, 2023	2
Urban Local Body Elections 2023	4
Buddha Purnima	5
Birthday of Rabindranath Tagore	9
State Day	16
Maharana Pratap Jayanti	22