Bank Holiday on Rabindranath Jayanti

Banks will be closed on 8 May on the occasion of Rabindranath Jayanti. It is a bank Holiday to honour his legacy as a poet, writer and philosopher.

Bank Holiday Announcement

There is a official holiday declaration by Reserve Bank of India on 8 May. As per official calendar of RBI.

Banks are closed in :-

Impact on Banking Sector

Bank branches will remain closed. However, you can withdraw money using an ATM or complete your transaction through digital alternatives.

Loan EMI’s will be deducted by online transaction but cheque clearance will be affected in these states for a day.

What remains operational after Banks closed on 8 May

Online banking, UPI and mobile banking services will remain operational throughout the day. For stock market closure on 8, May visit this page.

State Wise Holiday Variations

The Bank Holiday for Ravindranath’s Jayanti will be limited to West Bengal & Tripura. Banks in all other states will remain open on 8, May.This holiday applies to both Private and Public Sector Banks in both States.

Historical Context

Ravindranath Tagore was a a Bengali polymath who worked as a poet, writer, composer, philosopher, social reformer, and painter. There will be Banks closed on 8 May on his Birthday across various states in India specially in West Bengal and Tripura.

State Holiday on the occasion

While Government Holiday will be on 9, May(Friday) in both the States. Bank Holiday was declared a day before to avoid 2 consecutive holidays as there is 2nd Saturday Bank Holiday on 10, May.

Conclusion

There is a Bank holiday on 8, May in West Bengal and Tripura. Check this article for any change in banks closed on 8 May.

You can stay updated on Bank and State Government Holiday at HolidayAlerts.in for Today’s & Tomorrow’s holiday information. Also Read

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