Bank Holiday Today: Are Banks Open or Closed on May 1?
New Delhi | May 1, 2025 — If you’re planning to visit your local bank today, you may want to check twice. May 1 is observed as both Labour Day and Maharashtra Day in several parts of India, and as per the RBI’s bank holiday calendar, banks will remain closed in many states.
Labour Day, also known as May Day, is a national holiday to honor the contributions of the working class. In Maharashtra, the day also marks the formation of the state and is celebrated as Maharashtra Day with parades and public events.
States Where Banks Will Remain Closed on May 1
According to the Reserve Bank of India (RBI)‘s list of holidays under the Negotiable Instruments Act, banks are closed today in the following states:
| State/UT | Reason for Holiday |
|---|---|
| Maharashtra | Maharashtra Day + Labour Day |
| Karnataka | Labour Day |
| Tamil Nadu | Labour Day |
| Andhra Pradesh | Labour Day |
| Telangana | Labour Day |
| Kerala | Labour Day |
| West Bengal | Labour Day |
| Assam | Labour Day |
| Bihar | Labour Day |
| Goa | Labour Day |
| Gujarat | Labour Day |
| Jharkhand | Labour Day |
| Manipur | Labour Day |
| Punjab | Labour Day |
| Odisha | Labour Day |
| Rajasthan | Labour Day |
| Tripura | Labour Day |
| Meghalaya | Labour Day |
| Chhattisgarh | Labour Day |
| Mizoram | Labour Day |
Note: States like Delhi, Uttar Pradesh, and Madhya Pradesh may not observe a bank holiday unless specifically mentioned by local administration.
What Services Are Affected?
While bank branches remain closed in the above-listed states, you can still access the following services:
ATM withdrawals
Mobile banking
Net banking and UPI
Digital wallets and NEFT/RTGS via apps
However, any cheque clearances or in-person banking transactions will be processed the next working day.
Why May 1 Is a Significant Date
Labour Day (May Day)
Celebrated globally, Labour Day is a tribute to the working class and labor unions who fought for fair wages, humane work hours, and dignified working conditions. It marks a day of solidarity, rest, and remembrance.
Maharashtra Day
On May 1, 1960, the state of Maharashtra was officially formed, carving out the Marathi-speaking regions from the Bombay State. The day is marked by flag hoisting ceremonies, parades, and official addresses by state leaders.
Public Reactions
Ravi Patel, a Mumbai-based salaried professional, shared:
“It’s good to get a break, but I had to reschedule my bank visit. Luckily, mobile banking has made things easier.”
Similarly, small business owners across Tamil Nadu and Karnataka have planned around the holiday, adjusting salary disbursals and cheque deposits accordingly.
What’s the Next Bank Holiday?
The next pan-India bank holiday will be on May 23, 2025 (Friday) for Buddha Purnima, followed by Eid-ul-Adha in June. However, regional holidays may vary based on state calendars and local festivals.
You can always check the RBI’s official bank holiday list or contact your local branch for updated information.
