The Holiday

The Reserve Bank of India (RBI) guidelines clearly state that the public sector, private sector, foreign banks, cooperative banks, and regional banks in India ...

RBI announced holidays for lenders under these categories - the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts. Customers will still be able to use the online banking services during bank holidays. This coming week itself, banks will be closed for 2 days.

It is to be noted that banks will remain closed in some regions on Monday (May 16) on the occasion of Buddha Purnima.

The holidays are segregated into three categories - Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts. New Delhi: This week banks are closed for three consecutive days including Saturday, Sunday and Monday, as per the Reserve Bank Of India (RBI) holiday calender. The festival holds special importance and is celebrated with a lot of enthusiasm.

According to latest studies, most passengers expect disruption, owning to a combination of high demand and staff shortages.

Most airlines and airports recommend arriving three hours in advance of a flight. However, if you opt for cabin bags only, it’s possible to head straight through to security and beat the queues. Up to two thirds of Europe’s airports expect an increase in flight delays this summer adding to the usual travel stresses for holidaymakers.

On May 16, banks across India will be closed in commemoration of Buddha Purnima, according to the Reserve Bank of India's (RBI) vacation schedule.

On May 16, banks across India will be closed in commemoration of Buddha Purnima, according to the Reserve Bank of India's (RBI) vacation schedule. May 15 (Sunday)- All India Bankers have got a long weekend as they remained closed for three days in a row this week: second Saturday, Sunday, and Monday. However, May 16 will not be a national holiday in the entire country.

Memorial Day's history begins after the Civil War. It became a federal holiday in 1971 and is marked with cemetery visits, parades and ceremonies.

Until 1971, Memorial Day was always marked on May 30. This year, Memorial Day will be marked on May 30. For those who have lost a loved one, it can come across as insensitive, and may indicate that the holiday has lost its meaning. Some of the largest parades take place in Chicago, New York and Washington, D.C. Maj. Gen. John A. Logan declared it should be May 30, when it was thought that flowers would be in bloom all over the country. What is Memorial Day and what are its origins?