
Bank Holidays 2025: Banks Set To Close For Three Days From Tomorrow, April 29 To May 01, Check State-Wise List
Last Updated:
Banks will close from April 29 to May 1, 2025, for Parshuram Jayanti, Akshaya Tritiya, and Labour Day. Stock markets in Mumbai will close on May 1.
Bank Holidays 2025: Banks are set to be closed for continuous three-days from tomorrow April 29 to May 01. However, these holidays will vary state-to-state depending on RBI's holiday under negotiable instruments act. There are three public holidays including Parshuram Jayanti, Akshaya Tritiya and Maharashtra Day. Some states may observe these public holidays, while in other states, functionary will work as usual.
Bank Holiday On April 29
There's a public holiday on the occasion of Bhagvan Shri Parshuram Jayanti on April 29. Banks in Shimla will be closed on that occasion, however, there's no public holiday in other states.
Bank Holiday On April 30
Akshaya Tritiya, the day which is considered auspicious for buying gold items like coins, bars, and jewellery, is falling on April 30. Banks in Bengaluru are closed on April 30 for Akshaya Tritiya.
Bank Holiday On May 01
Every year May 01 is observed as a Labour Day. Banks in Belapur, Bengaluru, Chennai, Guwahati, Hyderabad, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Thiruvananthapuram will be closed.
Stock Market Holiday On May 1
Stock Market will be closed on May 01 due to Maharashtra Day on the same date. As BSE and NSE are in Mumbai, so they will be closed to observe the commemoration of foundation day.
First Published:
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
35 minutes ago
- Economic Times
Sebi Imposes Rs 3 Lakh Penalty on Motilal Oswal Financial Services for Stock Broker Norm Violations
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets regulator Sebi on Monday imposed a penalty of Rs 3 lakh on Motilal Oswal Financial Services Ltd for violating stock brokers' fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its regulator conducted a thematic inspection of Motilal Oswal Financial Services Limited on the theme 'Control over Authorized Persons' for the period from April 2022 to January its probe, Sebi found that trading terminals were not found at authorised places."During inspection, 13 terminals ( NSE ) were not found at the reported location. Further, on verification of trade data as on 04-03-2024, it was observed that trades have been executed from 5 out of 13 terminals, 9 terminals ( BSE ) were not found at the reported location, and trades have been executed from 1 terminal," Sebi inspection on Verification of terminals (NSE), it was observed that 4 terminals were not operated by approved users to whom the terminals were allocated. Also, it was observed that 4 trading terminals (BSE) were operated by users other than the approved users, it the rule, a stock broker's hall will be liable for a monetary penalty in respect of extending the use of trading terminals to any unauthorised person or Sebi noted that Motilal Oswal Financial Services had conducted the onsite inspection of two APs (Authorised Persons) and had submitted the inspection report to BSE and NSE. However, it failed to identify fund-based activities during AP inspection and did not report fund-based activities between AP and the client to NSE in the MIS (Margin Intraday Square off) Oswal Financial Services' AP -- Triventure Services -- had fund-based relationships with 36 registered clients, wherein 18.31 crore have been received and payments amounting to Rs 1.24 crore have been made. In case of another AP -- Merit Capital Market Services, 99 clients' transactions were observed out of total transactions with 228 entities, amounting to Rs 5.69 crore payment to clients and Rs 5.06 crore received from clients."Both the APs had a fund-based relationship with the clients. Thus noticee (Motilal Oswal Financial Services) did not ensure that its APs are engaged only in permitted activities and are not undertaking any business which are disallowed under the Byelaws, Rules & Regulations and circulars of Sebi/exchanges," Sebi said in its such activities, Motilal Oswal Financial Services violated stock brokers' rules and accordingly imposed a penalty of Rs 3 lakh for the violations.

Mint
36 minutes ago
- Mint
Sensex, Nifty 50 rise for 4th consecutive session; investors earn ₹4 lakh crore— 10 key highlights
Indian stock market extended gains to the fourth consecutive session on Monday, June 9, on across-the-board buying amid largely positive global cues. The Sensex closed 256 points, or 0.31 per cent, higher at 82,445.21, while the Nifty 50 settled at 25,103.20, up 100 points, or 0.40 per cent. The mid and small-cap segments outperformed as the BSE Midcap and Smallcap indices rose 1.03 per cent and 1.19 per cent, respectively. The overall market capitalisation of BSE-listed firms rose to ₹ 455 lakh crore from ₹ 451 lakh crore in the previous session, making investors richer by about ₹ 4 lakh crore in a day. In the last four sessions, the Sensex and the Nifty 50 have jumped more than 2 per cent each, and investors have got richer by about ₹ 12 lakh crore. The recent rally in the market has followed healthy domestic macro prints, better-than-expected Q4 results and the RBI's bumper 50 bps rate cut. Positive global cues amid expectations that the US-China and US-India trade deals were near also influenced market sentiment. "The Indian stock market has been experiencing strength recently, backed by positive economic growth and better-than-expected fourth-quarter results. We could see a positive structure for the indices playing out, considering the liquidity in the capital markets continues to be fairly buoyant and the continuation of steady growth in the Indian economy," Jimeet Modi, founder and CEO of SAMCO Group, told Mint. 39 stocks ended higher in the Nifty 50 index, out of which Jio Financial Services (up 3.89 per cent), Kotak Mahindra Bank (up 3.25 per cent) and Bajaj Finance (up 2.69 per cent) ended as the top gainers. Shares of Eternal (down 1.86 per cent), ICICI Bank (down 1.73 per cent) and Titan Company (down 0.73 per cent) closed as the top losers in the index. Barring Nifty Realty (down 0.14 per cent), all sectoral indices ended higher. Nifty PSU Bank (up 1.52 per cent), Private Bank (up 1.03 per cent), Oil & Gas (up 1.04 per cent) and IT (up 1 per cent) ended as the top gainers. Nifty Bank and Financial Services indices rose 0.46 per cent and 0.54 per cent, respectively. Vodafone Idea (63.1 crore shares), Jaiprakash Power Ventures (19.50 crore shares), and Reliance Power (18.8 crore shares) were the most active stocks in terms of volume on the NSE. HB Stockholdings, Indef Manufacturing, Airo Lam, Oriental Carbon & Chemicals, Wealth First Portfolio Managers and Somany Ceramics were among the 12 stocks that jumped over 15 per cent on the NSE. As many as 133 stocks, including Coffee Day Enterprises, Jaiprakash Associates, Somany Ceramics, Capri Global Capital and Reliance Infrastructure, hit their upper circuits in intraday trade on the NSE. On the other hand, 54 stocks, including Nirman Agri Genetics, Dynamic Services & Security, Power & Instrumentation (Gujarat), Best Agrolife and Grand Continent Hotels, hit their lower circuits. As many as 2,066 stocks advanced, while 904 declined and 85 remained unchanged on the NSE. As many as 178 stocks, including Bajaj Finance, AU Small Finance Bank, HDFC Asset Management Company, InterGlobe Aviation (IndiGo) and SRF, hit their 52-week highs in intraday trade on the BSE. On the flip side, United Drilling Tools, Uma Exports, Naksh Precious Metals, Gujarat Lease Financing and Axita Cotton were among the 43 stocks that hit their 52-week lows. Experts believe the Indian stock market could extend gains and the Nifty 50 could target 25,350 mark in days to come. "The Nifty has finally broken out of its prolonged consolidation on the daily timeframe. Market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA)," said Rupak De, Senior Technical Analyst at LKP Securities. According to De, a golden crossover on the daily chart has been supporting the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely. "A decisive move above this level could trigger a rally towards 25,700. On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment," said De. Read all market-related news here Read more stories by Nishant Kumar


Time of India
an hour ago
- Time of India
After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025
Private sector lender ICICI Bank has slashed its interest rates on fixed deposits (FDs) by up to 25 basis points (bps) for select tenures on amounts below Rs 3 crore. This makes it the first major bank to lower FD rates after the Reserve Bank of India (RBI) cuts the repo rate by 50 basis points on Friday. According to ICICI Bank's website, the revised rates take effect from June 9, 2025. After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%. Earlier, the bank used to offer the highest FD interest rate of 7.3% to senior citizens and 6.85% to general citizens on tenures of 18 months to 2 years. FD interest rate up to 9.10%: These banks are still offering over 8% interest on fixed deposits for senior citizens by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AirSense 11 – Smart tech for deep sleep ResMed Buy Now Undo According to reports, IDFC First Bank has also reduced its FD interest rates after RBI's recent rate cut on June 6, 2025. Latest ICICI Bank FD Interest Rates ICICI Bank has reduced its fixed deposit (FD) interest rates across multiple tenures. The rate for FDs of 46 to 90 days has been reduced from 4.25% to 4%, and for 91 to 184 days, it has been lowered from 4.75% to 4.5%, as per data on ICICI Bank's website. For the tenure of 185 to 270 days, the rate is down from 5.75% to 5.5%, while for 271 days to less than 1 year, it has been cut from 6% to 5.75%. The interest rate for FDs of 1 year to less than 15 months has been reduced from 6.5% to 6.25%. For the 15 months to less than 18 months' tenure, the rates have been brought down from 6.6-6.85% to 6.5%. On longer tenures, such as 2 years 1 day to 5 years, the rate has been revised from 6.75% to 6.60%. Similarly, for FDs of 5 years and 1 day to 10 years, as well as the 5-year tax saver FD, the interest rate has been reduced to 6.6% from the earlier 6.75% for general citizens, according to the data from the bank's website. Tenure With Premature Withdrawal facility General Citizen Senior Citizen 7 to 45 Days 3% 3.50% 46 to 90 Days 4% 4.50% 91 to 184 Days 4.50% 5% 185 to 270 Days 5.50% 6% 271 Days to < 1 Year 5.75% 6.25% 1 Year to < 15 Months 6.25% 6.75% 15 Months to < 18 Months 6.35% 6.85% 18 Months to 2 Years 6.50% 7% 2 Years 1 Day to 5 Years 6.60% 7.10% HIGHEST HIGHEST 5 Years 1 Day to 10 Years 6.60% 7.10% 5Y (Tax Saver FD) 6.60% 7.10% Live Events Penalty on premature/partial closure "In case of premature withdrawal, interest on the deposit shall be paid for the period that it has remained with the bank at the rate that prevailed at the time of booking for the actual tenure of the Term Deposit and not at the contracted rate and post deduction of applicable penalty," ICICI Bank stated on its website. Actual tenure of deposit (Fund held with Bank) Less than Rs. 5 cr Rs. 5 Cr and above Less than 1 year 0.50% 0.50% 1 year and above but < 5 years 1.00% 1.00% 5 years and above 1.00% 1.50% Latest ICICI Bank RD rates After the revision, ICICI Bank offers recurring deposit (RD) interest rates between 4.5% and 6.6% for general citizens, and for senior citizens, it offers 5-7.1%. Maturity Period Rate of Interest (% p.a.) w.e.f 9 June, 2025 General Senior Citizen 6 months 4.50% 5.00% 9 months 5.75% 6.25% 12 months 6.25% 6.75% 15 months 6.35% 6.85% 18 months 6.50% 7.00% 21 months 6.50% 7.00% 24 months 6.50% 7.00% 27 months 6.60% 7.10% 30 months 6.60% 7.10% 33 months 6.60% 7.10% 36 months 6.60% 7.10% Above 3 years upto 5 years 6.60% 7.10% Above 5 years upto 10 years 6.60% 7.10% Source- ICICI Bank website