Yes, banks in Mumbai and several other cities across India are closed today, Monday, May 12, 2025, in observance of Buddha Purnima. This holiday commemorates the birth, enlightenment, and passing of Gautama Buddha. According to the Reserve Bank of India’s (RBI) holiday calendar, banks are closed in various states and cities, including Mumbai, Delhi, Kolkata, Lucknow, Bhopal, Nagpur, Raipur, and Srinagar .

While physical bank branches are closed, digital banking services such as net banking, mobile banking, UPI, and ATMs remain operational. Customers can continue to perform transactions online without any disruption .

Banks will reopen on Tuesday, May 13, 2025.

Sources