Banks in India-Pakistan War Situation: Is Operations Normal or Restricted on 9 May 2025? Consult RBI List for Details
In the heart of India's capital, New Delhi, a series of events unfolded following Pakistan's attacks on Indian soil last Thursday. Amidst this turmoil, some changes have been announced concerning schools and government offices. Gurugram has decided to shut down schools tomorrow, while the Delhi government has canceled employee leave.
It's crucial to mention that bank branches WILL NOT BE CLOSED during this Indo-Pak conflict escalation. However, banks in West Bengal shall be closed for the regional celebration of Rabindranath Tagore's birth anniversary.
Between May 9 and May 12, there will be extended bank holidays, according to the RBI bank holiday list, but these will not be nationwide straight holidays. Banks will be closed in various states for different festivals and regional celebrations this week.
Bank Holidays Between May 9 and May 12
May 9: Banks in Bengal will be closed for Rabindranath Tagore's birth anniversary.
May 10-11: Weekend holiday, with banks closed on both Saturday and Sunday.
May 12: Banks will be closed in numerous cities like Agartala, Aizawl, Belapur, Bhopal, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar for Budha Purnima.
Last week, banks were closed in several cities, including Belapur, Bengaluru, Chennai, Guwahati, Andhra Pradesh, Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram due to Maharashtra Din/May Day (Labor Day).
In May 2025, banks across India will be closed for 12 days, including regional holidays, national events, Sundays, and the second and fourth Saturdays.
Forbank Holidays in May 2025:
- May 1: Maharashtra Din/May Day (Labor Day)
- May 7: Panchayat Election 2025
- May 9: Rabindranath Tagore Jayanti
- May 12: Buddha Purnima
- May 16: State Day
- May 26: Birthday of Kazi Nazrul Islam
- May 29: Maharana Pratap Jayanti
Bear in mind that banks will not be closed for the entire 12 days across all states or regions. The exact number of days when banks in different parts of the country will remain closed for state-observed holidays may vary. For instance, banks will be closed for the Birthday of Kazi Nazrul Islam in Agartala, but they will not be closed for the same reason in other states.
The Reserve Bank of India classifies bank holidays under three brackets – Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday, and Banks' Closing of Accounts. However, it's essential to note that bank holidays can vary across states and not all banking companies may observe these holidays. Bank holidays are also based on the festivals observed in specific states or the notification of specific occasions in those states.
The financial sector has announced that bank branches WILL NOT BE CLOSED during the Indo-Pak conflict escalation, contrary to general-news speculation. However, some regional celebrations will cause closures, such as Rabindranath Tagore's birth anniversary in Bengal on May 9th.
