May 1 Bank Holiday Alert: Labour Day, Maharashtra Day to Affect Banking Hours in Several States

If you're planning to visit the bank on May 1, 2025, it's crucial to check whether it's a working day in your state. With Labour Day, Maharashtra Day, and Gujarat Day all falling on the same date, banks in several parts of India will remain closed. However, the holiday is not uniform across the country, so verifying your state’s holiday schedule in advance is highly recommended.

Why is May 1 Significant?

May 1 is globally observed as International Labour Day, a day that honors workers and their contributions to society. The celebration traces its origins to the 19th-century labor movement. In India, it has been observed since 1923.

Besides Labour Day, May 1 also marks the formation of Maharashtra and Gujarat, which became separate states in 1960. Hence, Maharashtra Day and Gujarat Day are celebrated with official holidays in their respective states.

Will Banks Be Closed Nationwide?

No, banks will not be closed nationwide. According to guidelines set by the Reserve Bank of India (RBI), bank holidays can vary depending on the region and occasion. While national holidays like Independence Day or Republic Day apply to all states, other holidays are observed based on local customs and events.

So, while May 1 is a public holiday in many states due to Labour Day and state-specific celebrations, banks will remain open in states where it is not declared a public holiday.

States Where Banks Will Be Closed on May 1, 2025

Here’s a list of states where banks are scheduled to remain closed on May 1:

• Assam

• Bihar

• Goa

• Gujarat

• Manipur

• Karnataka

• Kerala

• Tamil Nadu

• Telangana

• West Bengal

• Tripura

• Jammu & Kashmir

• Delhi

• Maharashtra

In these states, all bank branches will observe a holiday. Customers should reschedule any in-branch transactions or visits accordingly.

How Many Bank Holidays Are There in May 2025?

In total, 12 bank holidays are expected in May 2025. This includes:

• Labour Day (May 1)

• Maharashtra Day and Gujarat Day (May 1)

• Buddha Purnima

• Second Saturday

• Fourth Saturday

• All Sundays

Since some of these holidays are state-specific, their observance may vary across regions. It’s advisable to check the holiday calendar issued by your state’s Bankers’ Association or RBI regional office for precise information.

What Banking Services Will Remain Available?

Even though physical bank branches will remain closed in many states, customers can still access essential banking services through:

• ATM withdrawals

• Online banking platforms

• Mobile banking apps

• UPI transactions

These digital channels will function as usual, allowing you to conduct balance checks, fund transfers, and bill payments without interruption.

Planning Bank Visits? Keep These Tips in Mind:

1. Check the official state-wise bank holiday list to avoid last-minute hassles.

2. Complete important transactions like cheque clearances or account updates before May 1.

3. Utilize digital services wherever possible to ensure continuity in financial operations.

4. Keep emergency cash handy in case your local ATM runs out of cash during extended holidays.

Final Thoughts

May 1 is more than just a public holiday—it’s a day of historical and cultural significance in India. While it brings a day off for many, it also impacts essential services like banking. Staying informed and planning ahead can save you time and inconvenience.

If you're unsure about your region's bank schedule, it’s always a good idea to check with your local bank branch or visit the RBI’s official website for real-time updates.