May 1 Bank Holiday: Maharashtra Day and Labour Day
If you have work related to banks scheduled for the next week of May, it is important to attend to it in advance. As per the Reserve Bank of India holiday calendar for 2025, banks will be closed on Thursday, May 1, due to Maharashtra Din/May Day (Labour Day).
Why Are Banks Closed on May 1?
May 1 is being celebrated as Maharashtra Day, commemorating the establishment of the state of Maharashtra in India. It's also referred to as Maharashtra Diwas and falls on May 1st each year. This day celebrates the result of the Samyukta Maharashtra Movement, which pleaded for a different state for people who speak the Marathi language. On May 1, 1960, Bombay State was reconstituted resulting in Maharashtra and Gujarat formation.
Also, May 1 is observed as May Day Labour Day, or International Workers' Day. This day commemorates the efforts and success of the working class and the labor movement across the globe.
Bank Holidays in May 2025
Banks will be closed for a total of 8 days in May in different parts of India. These holidays consist of:
National and regional holidays
Sundays and 2nd and 4th Saturdays
According to RBI norms, bank holidays in India fall into two categories: the Negotiable Instruments Act holidays and closing of bank accounts.
Cities Impacted
Banks will be closed in various big cities, including:
Belapur Bengaluru Chennai Guwahati Hyderabad (Andhra Pradesh & Telangana) Imphal Kochi Kolkata Mumbai Nagpur Panaji Patna ThiruvananthapuramIf you have any banking-related work, ensure that you get it done by May 1 so that there is no hassle.
Also read: Chhattisgarh Summer Holidays 2025: Break for Students, Shock to Teachers as They Continue Working