State Bank of India (SBI) branches will be closed from May 23 to May 27 due to weekend holidays, a two-day employee strike, and the Bakrid festival. Here is everything you need to know.
New Delhi: Customers of the State Bank of India (SBI), the country’s largest public sector bank, need to plan their branch visits carefully this week. SBI branches across the country will remain closed for up to five consecutive days starting tomorrow, May 23, 2026.
The extended closure is due to a combination of the regular weekend holidays, a nationwide bank strike called by the employees’ union, and the upcoming Bakrid festival.
SBI Bank Holiday Dates: Why Are Branches Closed?
Customers who require services like cash withdrawals from branches, cheque clearances, or other physical banking assistance should take note of the following schedule:
- May 23 (Saturday): Closed due to the Fourth Saturday of the month.
- May 24 (Sunday): Regular weekend public holiday.
- May 25 & 26 (Monday & Tuesday): Closed due to a nationwide bank strike called by the SBI Employees Federation.
- May 27 (Wednesday): Closed on account of the Bakrid festival. (Note: In some regions, Bakrid will be observed on May 28, meaning branches in those specific areas could remain closed for six consecutive days).
Will Online Banking and UPI Work?
While physical branches will be shut, SBI customers do not need to panic. The bank has ensured that all digital and online banking services will remain fully operational. Customers can continue to use:
- UPI services (Google Pay, PhonePe, Paytm, YONO, etc.)
- Internet Banking and Mobile Banking (YONO App)
- ATMs for cash withdrawals
- Fund transfers (IMPS, NEFT, RTGS via online modes)
SBI Announces Record Q4 Results and Dividend
In other major news for the bank, SBI recently announced its financial results for the January-March quarter (Q4) of 2026, reporting a massive profit. The bank posted a net profit of Rs 19,684 crore and a total revenue of Rs 44,380 crore for the March quarter.
For the full financial year 2025-26, SBI has reported a staggering total profit of Rs 80,032 crore. Following this robust performance, the bank has declared a dividend of Rs 17.35 per share for its investors. The dividend amount will be credited to the bank accounts of eligible shareholders on June 4, 2026.
