As citizens participate in the ongoing Lok Sabha elections across 10 states and union territories in India, several banking holidays have been announced due to the polling process. Additionally, between May 13th and 26th, several days will witness bank closures owing to Sundays and festivals. However, online banking services will remain operational, providing some relief to customers with urgent financial tasks.
May Bank Holiday 2024
Bank users need to plan their tasks effectively as banks will remain closed for several days between May 13th and 26th. Today, as the Lok Sabha elections are conducted in 96 constituencies across Andhra Pradesh, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, Uttar Pradesh, West Bengal, Jammu and Kashmir, banks will remain shut in these regions.
Impact on Banking Services
During these closures, services such as cheque clearing and passbook updates may be affected. However, online banking facilities will continue to function seamlessly.
Let’s take a look at the dates when banks will remain closed in various states:
- Andhra Pradesh, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, Uttar Pradesh, West Bengal, and Jammu and Kashmir: Today, due to ongoing elections.
- Jammu and Kashmir: Additionally, banks will remain closed in Srinagar.
- Jharkhand: Including Khunti, Lohardaga, Palamu, and Singhbhum.
- Madhya Pradesh: Including Dewas, Dhar, Indore, Khandwa, Khargone, Mandsaur, Ratlam, and Ujjain.
- Maharashtra: Including Ahmednagar, Aurangabad, Beed, Jalgaon, Jalna, Maval, Nandurbar, Pune, Raigad, and Shirur.
- Odisha: Including Berhampur, Kalahandi, Koraput, and Nabarangpur.
- Telangana: Including Adilabad, Bhongir, Chevella, Hyderabad, Karimnagar, Khammam, Mahbubnagar, Mahabubabad, Malkajgiri, Medak, Nagarkurnool, Nalgonda, Nizamabad, Peddapalli, Sikandarabad, Warangal, and Zaheerabad.
- Uttar Pradesh: Including Akbarpur, Bahraich, Dhaulera, Etawah, Farrukhabad, Hardoi, Kannauj, Kanpur, Khiri, Mishrikh, Shahjahanpur, and Sitapur.
- West Bengal: Including Asansol, Baharampur, Bardhaman Durgapur, Bardhaman Purba, Birbhum, Bolpur, Krishnanagar, Ranaghat.
Online Banking Assistance
During bank holidays, customers can utilize online banking services such as UPI, mobile banking, and internet banking for various transactions without interruption. These services enable fund transfers, cash withdrawals via ATMs, and payments using credit or debit cards.
While banks may be closed for several days between May 13th and 26th due to elections and festivals, customers can rely on online banking facilities to fulfill their financial requirements seamlessly. By utilizing digital banking platforms, individuals can manage their transactions efficiently, ensuring minimal disruption during these holidays.