Banks across India will remain shut on Saturday, May 10, 2025, as it falls on the second Saturday of the month, a designated bank holiday under the Reserve Bank of India’s (RBI) guidelines. According to the RBI’s holiday calendar, banks are closed on the second and fourth Saturdays of every month, along with Sundays and other official public holidays.
On this bank holiday, customers will find that several key banking services are unavailable. In-branch transactions, such as cash deposits, withdrawals, cheque processing, and loan applications, will not be possible. Additionally, account opening and locker access will be suspended during this time. The RBI has categorized May 10 as a bank holiday under the Negotiable Instruments Act, which governs cheque and promissory note transactions, meaning these services will also be halted.
For many people, this closure may come as a surprise, especially since it coincides with a three-day bank holiday in several states due to Buddha Purnima on May 12. This means that banks will also be closed on Sunday, May 11, and on Monday, May 12, in states including Tripura, Mizoram, Madhya Pradesh, Uttarakhand, Arunachal Pradesh, Jammu, Uttar Pradesh, Maharashtra, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Srinagar.
In light of these closures, customers are urged to plan their banking needs accordingly. Those who need to conduct transactions during this period can still access digital banking services, which will remain operational. This includes net banking, mobile banking apps for UPI, IMPS, and bill payments, as well as ATMs for cash withdrawals and deposits where available.
However, it is important to note that HDFC Bank has announced a scheduled UPI downtime from 2:30 AM to 6:30 AM IST on May 10, 2025. This downtime will affect UPI transactions for HDFC Bank accounts, RuPay credit cards, and merchant payments, so customers should plan their UPI transactions accordingly to avoid disruptions.
Looking ahead, the month of May is packed with additional bank holidays. Following the closures on May 10, banks will also be shut on May 12 for Buddha Purnima in various states. Furthermore, May 16 marks Sikkim State Day, leading to another bank closure, while May 26 will see banks in Tripura close for the birthday of Kazi Nazrul Islam. Lastly, on May 29, banks in Himachal Pradesh will observe a holiday for Maharana Pratap Jayanti.
In total, banks across India will face closures on multiple occasions this month, leading to an expected increase in banking activity on the days leading up to these holidays. With fewer public holidays nationwide, customers are encouraged to complete their banking tasks in advance. Those with pending transactions should consult the holiday schedule to avoid inconvenience or last-minute issues.
As May progresses, customers are reminded to stay informed about the operational hours of their local banks. The RBI provides updates through its official channels, including its website and notifications to banks. This ensures that customers can easily check whether banks are open or closed on a given day.
In summary, as Saturday, May 10, 2025, is a bank holiday across India, customers should prepare for the unavailability of in-branch services. With the added closures for Buddha Purnima on May 12, it is advisable to utilize digital banking options where possible. By planning ahead, customers can navigate these bank holidays with minimal disruption to their financial activities.
