Banks across several Indian cities will remain closed on Monday, May 12, 2025, in observance of Buddha Purnima, as per the Reserve Bank of India’s list of holidays under the Negotiable Instruments Act. Meanwhile, key stock exchanges remain open for equity trading, but with limited activity in certain segments.
Bank Closures Across Major Cities
According to the RBI’s official holiday calendar, banking operations will be suspended in the following cities on May 12:
| Closed | Open |
|---|---|
| Agartala, Aizawl, Belapur, Bhopal, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Shimla, Ranchi, Srinagar | Ahmedabad, Bengaluru, Bhubaneshwar, Chandigarh, Chennai, Gangtok, Guwahati, Hyderabad, Jaipur, Imphal, Kochi, Kohima, Panaji, Patna, Shillong, Thiruvananthapuram |
This closure impacts in-branch banking services including cash transactions and cheque clearances in the affected regions. Online and mobile banking, however, will remain operational.
Stock Markets: Partial Operations Continue
Despite the Buddha Purnima holiday, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) confirmed there will be no trading halt for the equity, equity derivatives, or SLB (Securities Lending and Borrowing) segments. Investors can continue trading as usual in these markets.
However, there is a scheduled holiday for the currency derivatives segment on May 12. Additionally, clearing and settlement activities will also be paused for the day. Traders active in the forex and currency markets should adjust their strategies accordingly.
Upcoming Market and Bank Closures
The next full trading holiday for Indian stock markets is slated for August 15, 2025, in celebration of Independence Day. Until then, markets will remain open during regular business days.
As for banking operations, the month of May includes regular weekly closures on all Sundays (May 4, 11, 18, and 25), as well as the second and fourth Saturdays (May 10 and 24).
For investors and the general public, staying updated on market trends, trading calendars, and bank holidays is essential for better financial planning and smoother transaction management.