List of Bank Holidays in May 2023

Being the fifth month of the year, May marks the season of peak summer in India. There are several special days observed during this month on the state as well as national levels. As there are quite a few regional and public events during this month, many days are observed as bank holidays in May.

In order to plan your bank visits, you must be aware of the days on which banks will remain closed during this month. You must also note the fixed and variable holidays of the month. Check out the complete list of bank holidays in May 2023 below.

Bank Holidays in May 2023

May, the fifth month of the Gregorian calendar, has several regional and national holidays. There are many bank holidays in May for private as well as public sector banks. In addition to special occasions, there are also some fixed days off for all banks each month.

As per RBI regulations, all public and private sector banks will observe every second and fourth Saturday as bank holiday in May. Here, we have shared the fixed days on which the banks will remain closed in May 2023.

List of Bank Holidays in May 2023

Here, we have shared the list of May Bank Holidays 2023. Check out the dates on which the banks will remain closed, the occasion, and the region which will observe bank holidays in May 2023 here.

May Bank Holidays - Details

Check out more details about bank holidays in May 2023 here. We have shared details about all the important occasions in the month of May below.

May Day (1st May)

• Labor Day is an important bank holiday in May 2023.
• Labour Day is also known as "Antarrashtriya Shramik Diwas" and is linked to labour movements.
• The date of Labor Day was chosen to memorialize the Haymarket incident, which happened on 4th May 1886 in Chicago.

Gujarat Day (1st May)

• The state of Gujarat was established on 1st May 1960 so this day is observed as Gujarat Day in the state of Gujarat.
• Various government events are hosted around the state, with the biggest event taking place at Ahmedabad's Sabarmati shoreline.
• This day is observed as one of the bank holidays in May in Gujarat.

Maharashtra Day (1st May)

• This day is observed to celebrate the formation of the state of Maharashtra in 1960 and is an important bank holiday in May 2023.
• The governor speaks to a large crowd in Shivaji Park on this occasion.
• The state administration of Maharashtra also announces new initiatives and programs on this day.

Buddha Purnima (5th May)

• This May 2023 bank holiday commemorates Lord Buddha's birth.
• It is celebrated on the full moon day of the Hindu month of Vaisakh by Buddhists.
• At Sarnath (the site of Buddha's first sermon), a major fair is organized to mark the day.

Rabindranath Tagore's Birth Anniversary (9th May)

• The famed Bengali poet, musician, and artist's birthday is observed on this May bank holiday 2023.
• Rabindranath Tagore’s birth anniversary is observed in the states of West Bengal and Tripura.
• Several cultural programs and activities are conducted in his honour at various locations.

Basava Jayanti (14th May)

• Basava Jayanti is celebrated by Lingayats in Andhra Pradesh, Karnataka, Maharashtra and Telangana.
• This day celebrates the birth of Lord Basavanna, the founder of Lingayatism.
• This day is observed as an important bank holiday in May in the mentioned Indian states.

Sikkim State Day (16th May)

• A regional bank holiday is observed on this day to honour Sikkim's emergence as India's 22nd state.
• Several government programs are held during the day.
• Also, the state government bestows the Sikkim State Civilian Awards to those who have contributed to the state's growth.

Kazi Nazrul Islam's Birthday (24th May)

• The Bengali poet, musician, writer, and revolutionary's birthday are observed on this day.
• There is a regional bank holiday in May 2023 for this in the state of Tripura only.
• This day is celebrated by locals in Tripura with much enthusiasm.

Check List of Bank Holidays in 2023 [January to December]

• List of Bank Holidays in January
• List of Bank Holidays in February
• List of Bank Holidays in March
• List of Bank Holidays in April
• List of Bank Holidays in June
• List of Bank Holidays in July
• List of Bank Holidays in August
• List of Bank Holidays in September
• List of Bank Holidays in October
• List of Bank Holidays in November
• List of Bank Holidays in December

FAQs on Bank Holidays in May 2023

Q1. How many bank holidays are there in May 2023?

There are many bank holidays in May 2023, including May Day (1st May), Maharashtra Day (1st May), Buddha Purnima (5th May), Rabindranath Tagore’s birth anniversary (9th May), Basava Jayanti (14th May), Sikkim State Day (16th May), Maharana Pratap Jayanti (22nd May), etc.

Q2. Is 1st May 2023 a bank holiday?

Yes, 1st May is observed as a bank holiday in May in several Indian banks. This day is observed as Labour Day, celebrating the efforts of the Labour Movement. Besides Labour Day, other events like Maharashtra Day and Gujarat Day are also celebrated regionally in India on 1st May.

Q.3) What are the fixed bank holidays in May 2023?

As per the RBI regulations, there are many fixed bank holidays in May 2023, including the second and fourth Saturday and every Sunday of the month. The dates for the fixed bank holidays in May 2023 are as follows:

• 13th May 2023 (Second Saturday)
• 14th May 2023 - (Sunday)
• 27th May 2023 - (Fourth Saturday)
• 28th May 2023 - (Sunday)

Q.4) Is 5th May 2023 a bank holiday?

Yes, 5th May 2023 will be observed as a bank holiday in May on the occasion of Buddha Purnima. This is an important occasion for Buddhists, who observe Buddha Purnima annually. Private and public banks in many regions of India remain closed on the occasion of Buddha Purnima.