Bank Holidays in India: RBI Schedule and Additional Observances for Eid-ul-Adha and SBI Strike Banks across India will remain closed on Saturday, May 23, as part of the Reserve Bank of India’s (RBI) standard schedule, which designates the second and fourth Saturdays of each month as non-business days. This closure aligns with the broader calendar of bank holidays for the month, which also includes all Sundays from May 3 to May 31. Additional days off are scheduled for May 9, the second Saturday, and May 24, the fourth Saturday, further shaping the timeline for financial services. The month’s holiday calendar also incorporates religious and regional observances. Eid-ul-Adha, also known as Bakrid, will be celebrated on May 27, with some states granting an extra day off to mark the occasion. However, Jammu and Kashmir will observe the holiday on May 28, reflecting local variations in the calendar. These additional days off may impact customer access to banking services, particularly for those planning to conduct transactions during the festive period. A planned strike by State Bank of India (SBI) staff is expected to cause disruptions on May 25 and 26. The strike, which is tied to ongoing discussions over recruitment policies and job-related concerns, may affect operations at SBI branches. While the exact scope of the strike’s impact remains unspecified, customers are advised to plan ahead and consider alternative methods for managing their financial needs. Despite the closures and potential disruptions, digital banking services, including Unified Payments Interface (UPI) transactions and ATM access, will remain operational. Customers are encouraged to verify the holiday schedule and adjust their plans accordingly to avoid inconvenience.#jammu_and_kashmir #reserve_bank_of_india #state_bank_of_india #unified_payments_interface #eid_ul_adha
