Bank holiday today, May 3 -- Banks across India are scheduled to remain open today, May 3, as it is the first Saturday of the month. Banks are typically closed on the weekends except on the first, third, and fifth Saturdays of a month.

They are closed on the second and fourth Saturdays and all Sundays of the month, according to the Reserve Bank of India calendar (RBI).

In addition to the weekends, banks remain closed for regional and national holidays, depending on the state of residence.

Hence, customers should remember that bank holidays differ from state to state in India, and they should check with the local bank branch for holiday lists before visiting the bank.

For the month of May, there are seven scheduled bank holidays, excep...