Rabindranath Tagore Jayanti 2025: Are Banks Open Or Close Today, May 09? Check Status
Bank Holiday Today: Rabindranath Jayanti is falling today, May 09. Are banks close today?
Rabindranath Tagore Jayanti 2025: The Jayanti of Rabindranath Tagore is falling tomorrow, May 09. The day is celebrated annually to honor the birth anniversary of the renowned poet, writer and Noble laureate. Therefore, people are in a doubt if banks are open today.
According to the Reserve Bank of India's (RBI) holiday calendar under the Negotiable Instruments Act, banks observe closures based on local festivals, regional observances, and designated weekends. Both scheduled and non-scheduled banks follow this framework.
Are Banks Open Today?
As per RBI's holiday under negotiable instruments act, banks will be closed in Kolkata. It means banks are open in other states across India.
Will Online Banking Work on These Holidays?
Despite physical branches being closed on these 12 days, customers will still be able to access essential services through digital banking platforms. UPI, IMPS, net banking, and mobile banking apps will remain functional for money transfers, bill payments, and other transactions. Customers are advised to plan their bank visits in advance to avoid any last-minute inconveniences.
Bank Holidays In May 2025 (State-wise)
May 1 (Thursday) – Labour Day / Maharashtra Day: Banks will be closed in Belapur, Bengaluru, Chennai, Guwahati, Andhra Pradesh, Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram.
May 9 (Friday) – Rabindranath Tagore Jayanti: Banks in Kolkata will remain closed.
May 12 (Monday) – Buddha Purnima: Banks will be closed in Agartala, Aizawl, Belapur, Bhopal, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar.
May 16 (Friday) – State Day: Bank holiday in Gangtok.
May 26 (Monday) – Birthday of Kazi Nazrul Islam: Banks in Agartala will be closed.
May 29 (Thursday) – Maharana Pratap Jayanti: Bank holiday in Shimla.
In addition, regular weekly closures include all Sundays (May 4, 11, 18, and 25) and the second and fourth Saturdays (May 10 and 24).
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Given that these events could reshape finance, particularly for marginalised communities, it would be useful to seek lessons from Bangladesh's experience with similar climate-related challenges in financial inclusion. Bangladesh, which shares many climate vulnerabilities with India, has implemented several innovative approaches to address the financial implications of green swan events. A comparable context is Bangladesh's 1998 floods, where the country's financial sector had to deal with smallholder farmers and microfinance borrowers losing livestock and crops, their primary loan security. Through Green Refinancing, Bangladesh Bank provides low-cost loans for solar energy and waste management, supporting 20 million people through its Solar Home System programme. Grameen Bank's experience with green swan events is pioneering. It transitioned its group-based lending and emergency savings accounts to buffer climate shocks. 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Bangladesh's mix of regulatory innovation and community-centric finance provides a blueprint, but scaling solutions demands urgent public-private collaboration. As India continues to develop its approach to green swan events, coordination between financial regulators, government agencies, financial institutions, and civil society will be essential to ensure that vulnerable populations are not left behind in the transition to a more climate-resilient financial system. In the age of green swans, preparedness is the only hedge against the unpredictable. This article is authored by Rajalaxmi Kamath, professor, Public Policy, IIM Bangalore.
