Maharashtra Day, Labour Day: Are banks open or closed on 1st May? Check out state-wise full list

Bank Holiday: Are banks closed on 1st May? People planning to visit the bank in the coming week of May need to sort their bank-related work earlier, as banks will remain closed on Thursday, May 1. According to the Reserve Bank of India's holiday calendar 2025, banks are shut on May 1, 2025, on account of Maharashtra Din/May Day (Labour Day). Banks will remain closed in Belapur, Bengaluru, Chennai, Guwahati, Hyderabad (Andhra Pradesh & Telangana), Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram.

Maharashtra Day

May 1 is celebrated as Maharashtra Day, which is also known as Maharashtra Diwas. It is celebrated annually on May 1st to observe the formation of the state of Maharashtra in India. This day marks the outcome of the efforts of the Samyukta Maharashtra Movement, a movement that advocated for the creation of a separate state for Marathi-speaking people. It was on May 1, 1960, that the Bombay State was reorganised, leading to the creation of Maharashtra and Gujarat. 

Labour Day

May 1 is also marked as May Day/ Labour Day, which is also known as International Workers' Day. The day celebrates the contributions of workers and the labour movement across the world. On May 1st, in many countries, to honor the contributions and achievements of the working class. It praises the historical struggles and gains made by workers and the labor movement in advocating for fair wages, safe working conditions, and workers' rights. 

Bank holidays in May 2025

Banks will remain shut for a total of 8 days in May across various regions in India. The 8-day holiday in May will include national and regional holidays as well as Sundays, 2nd and 4th Saturdays

As per the RBI guidelines, bank holidays in India fall into 2 categories:

Holiday under the Negotiable Instruments Act
Banks’ Closing of Accounts

Bank holidays in May 2025: Full list

Bank state-wise holidays in May 2025: Full list