Will banks open or remain closed on May 16? Why did RBI declare holiday in this state, know the updates before leaving home

Bank Holiday 16 May 2026: Often employed and working people choose Saturday to complete bank work. People know that there is a bank holiday on the second and fourth i.e. the last Saturday of the month, hence people always think of going to the bank on the first and third Saturday, but this time the matter is different. If you are planning to go to the bank tomorrow, then find out whether the banks will be open or not.

Usually banks remain open on the third Saturday, but if you are a resident of Sikkim, then this news is of great use for you, let us know in detail why the Reserve Bank of India has declared a holiday for Sikkim and when will the banks remain closed in May.

Why has RBI declared bank holiday in Sikkim?

Tomorrow, Saturday, 16th May, ‘State Day’ will be celebrated in Sikkim, due to which banks will remain closed in Sikkim. Bank branches will remain open in all other states. Banks in states like Delhi, Uttar Pradesh, Bihar and Rajasthan will remain open as usual on the third Saturday.

The ‘State Day’ of Sikkim is celebrated every year on 16 May. Sikkim officially became the 22nd state of India on May 16, 1975; On this day monarchy ended and democracy began. Tomorrow, i.e. in 2026, Sikkim is celebrating its 50th ‘Statehood Day’, that is why banks are closed. RBI has also declared bank holiday for all bank branches in Sikkim.

When will banks remain closed in May?

In May 2026, banks will remain closed on Sundays across the country on 17, 24 and 31 May. Banks will remain closed on Saturday, May 23, which is the fourth Saturday. Banks will remain closed on May 16 in Sikkim as it is ‘State Day’. Banks may also remain closed on May 26, on the occasion of the birth anniversary of Kazi Nazrul Islam. Banks will remain closed in most of the states on 27-28 May on the occasion of Eid-ul-Azha.

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