Bank holiday today: Are banks open or closed on May 1 for Labour Day, Maharashtra Day? Check here
Bank holiday today: Banks in some parts of the country will be closed on account of Labour Day and Maharashtra Din on Thursday, May 1, 2025, as per the Reserve Bank of India (RBI) guidelines.
Bank holidays across the country vary from state to state according to national, regional, and religious festivities.
On Thursday, May 1, 2025, banks will remain closed in Belapur, Bengaluru, Chennai, Guwahati, Hyderabad - Andhra Pradesh, Hyderabad - Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, Raipur and Thiruvananthapuram.
May Day, or International Workers' Day, is observed worldwide, including in India, on May 1, 2025, to mark the Labour Union movement and celebrate labourers and the working class.
Maharashtra Din or Maharashtra Day is celebrated to mark the formation of the state of Maharashtra from the division of the Bombay division on May 1, 1960.
Apart from May 1, 2025, banks will be closed on the following days for the month of May 2025.
May 9 (Friday) - Birthday of Rabindranath Tagore
Banks in Kolkata will remain closed on Friday, May 9, 2025 to observe the birth anniversary of Rabindranath Tagore.
May 12 (Monday) - Buddha Purnima
Banks in Agartala, Aizawl, Belapur, Bhopal, Dehradun, Itanagar, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Ranchi, Shimla and Srinagar.
May 16 (Friday) - State Day
Banks across Sikkim will remain closed on Friday, May 16 to observe State Day.
May 26 (Monday) - Birthday of Kazi Nazrul Islam
Banks in Tripura will be closed to observe the birthday of Kazi Nazrul Islam.
May 29 (Thursday) - Maharana Pratap Jayanti
Banks will be closed in Himachal Pradesh to observe Maharana Pratap Jayanti.
Online banking services across the country are available during bank holidays. Customers can use these services for convenient financial transactions. Additionally, fund transfer requests can be made using NEFT/RTGS transfer forms, demand draft request forms, and chequebook forms. Credit cards, debit cards, and ATM cards can be availed through card services. Services such as account maintenance forms, setting up standing instructions, and applying for a locker are also available.
First Published: 1 May 2025, 06:42 AM IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point! Why flat? Banking stocks dragged the mood down despite global optimism and RBI policy support. HDFC Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%. But tech saved the day! Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade thaw. Top gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%. Big movers: • RattanIndia Enterprises +19% • Reliance Power +10% • Adani Power +5% However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%. Globally? Markets are cautiously optimistic as U.S.-China trade talks extend into a second day. Fed rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by December. The Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian currencies. Oil prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to China. Brent crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $65.43. Stay tuned. It's a wait-and-watch week — especially for Fed policy next week.
Time of India
an hour ago
- Time of India
ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point!Why flat?Banking stocks dragged the mood down despite global optimism and RBI policy Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%.But tech saved the day!Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%.Big movers:• RattanIndia Enterprises +19%• Reliance Power +10%• Adani Power +5%However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%.Globally?Markets are cautiously optimistic as U.S.-China trade talks extend into a second rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $ tuned. It's a wait-and-watch week — especially for Fed policy next week.
The Print
2 hours ago
- The Print
FM asks regulators to expedite refund on unclaimed deposits, streamline KYC
She exhorted the Council to take proactive steps to ensure that citizens should have a seamless experience with respect to KYC processes across the financial sector, the finance ministry said in a statement. Chairing the 29th meeting of the Financial Stability and Development Council (FSDC) here, she emphasised that interest of common citizens to be kept in mind and expeditiously refund the claims of the rightful claimants. Mumbai, Jun 10 (PTI) Finance Minister Nirmala Sitharaman on Tuesday asked regulators and departments to expedite the refund of unclaimed deposits to rightful owners and streamline the KYC process. There is a need for common KYC norms, simplification and digitalisation of the KYC process including digital onboarding for Non-Resident Indians (NRIs) including PIOs and OCIs, in the Indian securities market. The minister urged the regulators and departments to expedite the process of refund to rightful owners of unclaimed amounts by holding special district-level camps. This drive is to be conducted in coordination with RBI, SEBI, MCA, PFRDA and IRDA along with banks, pension agencies, insurance companies etc, it said. The unclaimed amounts comprise deposits in banks; unclaimed shares and dividends are managed by IEPFA; and unclaimed insurance and pension funds are with IRDAI and PFRDA respectively, it said. Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the latest RBI Annual Report. The amount with the Depositor Education and Awareness Fund stood at Rs 62,225 crore at the end of March 2023. The FSDC discussed issues related to macro-financial stability and India's preparedness to deal with them. During the meeting, the Council deliberated on the emerging trends from domestic and global macro-financial situation and stressed upon the need to be vigilant. It recognised the need for proactive efforts to mitigate potential risks to financial stability while adopting adequate safeguards for financial system's resilience, it said. The members decided to strengthen the inter-regulatory coordination for wider development of the financial sector, it said. In light of the analysis of cybersecurity regulations, it said, sectoral preparedness, and the recommendations of Financial Sector Assessment Programme (FSAP) 2024-25, the FSDC considered strengthening the cyber resilience framework of the Indian financial sector through a financial sector-specific cybersecurity strategy. The FSDC discussed issues relating to formulating a strategy for implementing past decisions and budget announcements, including establishing appropriate framework by regulators for evaluating and enhancing responsiveness of regulations and subsidiary instructions. The Council also discussed measures to improve the reach and scope of factoring services and effective use of account aggregator networks. The FSDC also took note of the activities undertaken by the FSDC Sub-Committee chaired by RBI Governor Sanjay Malhotra and the action taken by members on the pending past decisions of the FSDC. Besides the RBI governor, Securities and Exchange Board of India (SEBI) Chairperson Tuhin anta Pandey, International Financial Services Centres Authority (IFSCA) chairperson K Rajaraman, and senior representatives of Insolvency and Bankruptcy Board of India (IBBI) and International Financial Services Centres Authority also attend the meeting. The FSDC meeting was also attended by Minister of State for Finance Pankaj Chaudhary, Finance Secretary Ajay Seth, Secretary designate Department of Economic Affairs Anuradha Thakur, Financial Services Secretary M Nagaraju, Corporate Affairs Secretary Deepti Gaur Mukerjee, Revenue Secretary Arvind Shrivastava and other top officials of the finance ministry. PTI DP MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
