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4mo ago

RBI Declares May 12 a Bank Holiday for Buddha Purnima in 15 States

Physical bank branches remain closed in designated states, while digital banking services and select stock market operations continue uninterrupted.

Several banks are closed on May 12 for Buddha Purnima
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Overview

  • The Reserve Bank of India has declared May 12, 2025, a bank holiday under the Negotiable Instruments Act to observe Buddha Purnima.
  • Banks are closed in 15 states and union territories, including Delhi, Maharashtra, West Bengal, and Tamil Nadu, while digital banking services such as UPI, IMPS, and mobile apps remain operational.
  • The holiday extends a three-day banking closure that began with the second Saturday and Sunday, with banks set to reopen on May 13, 2025.
  • Stock market operations continue as usual in the equity, equity derivative, and SLB segments on BSE and NSE, but currency derivatives trading and settlement are paused for the day.
  • Customers are advised to utilize digital banking platforms for transactions and plan in-person banking activities accordingly.