Many banks will be closed in several states on May 1st, 2025, due to 'Labor Day,' however, online services and ATMs will function normally. Complete details of state-specific holidays are provided here.
Bank Holiday: May 1st, 2025, will be observed as 'Labor Day' (Shramik Diwas) in India, a day dedicated to honoring the contributions of workers. It's a public holiday in many parts of India, but closures are not uniform across all states. Holiday observance is state-specific. This article details which banks will be open and closed on this day.
Will Banks Be Closed on May 1st?
According to Reserve Bank of India (RBI) guidelines, bank holidays are state-specific. This depends on local festivals or historically significant dates in each state. While many states observe May 1st as 'Labor Day' and declare a public holiday, it is not a national holiday. Therefore, not all states will have bank closures.
Which States Will Have Bank Holidays?
Banks will be closed in states observing 'Labor Day' on May 1st. These states include:
- Assam
- Bihar
- Goa
- Gujarat
- Manipur
- Karnataka
- Kerala
- Tamil Nadu
- Telangana
- West Bengal
- Tripura
- Jammu and Kashmir
- Delhi
Banks will be closed in these states, but will remain open as usual in other states.
Will Online Services Be Affected?
If your banking needs are not solely branch-dependent, such as ATM withdrawals, online transactions, or net banking, you will experience no disruption. Online services and ATMs will function normally. Therefore, if you have any online banking-related work, you will not face any interruption.
Points to Note on May 1st, 2025
Given the bank holiday on May 1st, 2025, plan any important banking tasks accordingly. Especially if you require in-person branch services, verify whether your state observes the holiday.
Bank Holidays in May
There will be a total of twelve holidays in May 2025, including state-specific and national holidays. Keep this holiday schedule in mind to avoid any disruption to your banking needs.
