Last Update: May 04, 2023, 3:30 PM IST
Buddha Purnima Bank Holiday 2023: According to the holiday calendar list released by the Reserve Bank of India (RBI), tomorrow, May 5, 2023, banks in some states of India will be closed to mark Buddha Purnima.
Due to this auspicious occasion, it has been declared that many banks located in various states will remain closed, which may potentially cause some degree of inconvenience to the customers who may have urgent banking needs or requirements.
A wide range of transactions, from depositing cheques, receiving demand drafts, and even withdrawing funds, may be disrupted and stopped during this designated bank holiday.
Bank Holidays in May 2023
The list suggests that Indian banks will have a total of 12 holidays in May 2023, taking into account weekends and the second and fourth Saturdays of the month.
Furthermore, apart from the Buddha Purnima celebrations, there are an additional ten bank holidays in the month of May, which include occasions as diverse as Rabindranath Tagore Jayanti, Maharana Pratap Jayanti and other regional events. The comprehensive list of bank holidays for the month of May includes May 7 (Sunday), May 9 (Rabindranath Tagore Jayanti in Kolkata), May 13 (Second Saturday), May 14 (Sunday), May 16 (Sikkim State Day), May . 21 (Sunday), 22 May (Maharana Pratap Jayanti in Shimla), 24 May (Kazi Nazrul Islam Jayanti in Tripura), 27 May (4th Saturday), and 28 May (Sunday).
Bank Holiday on Buddha Purnima (5 May 2023)
Banks in Agartala, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Jammu, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar remain closed on Buddha Purnima. However, it will be a normal working day for banks in other states.
Buddha Purnima, which falls on May 5 this year, is the birthday of Gautama Buddha. According to Hindu mythology, Lord Buddha was also born on this day and attained enlightenment on this particular day. On this day, devotees of the Buddha visit temples to hear monks recite ancient verses. Many devotees also wear white clothes and eat only vegetarian food on and around this day. Astrologers believe that this year Buddha Purnima or Vaishakh Purnima is bringing many special coincidences, on this day the first lunar eclipse of the year is going to happen.
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