Banks to Remain Closed on May 1 Due to Bank Holiday
Bank Holidays in India: What You Need to Know for May 2026
May 1, 2026, marks the beginning of a month-long period of bank holidays in several parts of India. Labour Day and Maharashtra Day have been declared public holidays in various states, resulting in the closure of bank branches.
According to the Reserve Bank of India (RBI) holiday calendar, banks will remain shut for a total of 12 days in May 2026, including weekends and regional holidays. On May 1, banks are closed in states such as Maharashtra, Tamil Nadu, Karnataka, Kerala, West Bengal, Goa, and Assam, where Labour Day is observed as a public holiday. In Maharashtra, the closure also marks Maharashtra Foundation Day. In some regions, Buddha Purnima is also being observed.
Bank branches are shut today in several major cities, including Bengaluru, Bhopal, Chennai, Dehradun, Guwahati, Hyderabad, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shimla, and Srinagar.
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| Date | Holiday | Banks Closed Nationwide |
|---|---|---|
| May 3 | Sunday | Yes |
| May 9 | Second Saturday | Yes |
| May 10 | Sunday | Yes |
| May 16 | State Day (Gangtok) | No |
| May 17 | Sunday | Yes |
| May 23 | Fourth Saturday | Yes |
| May 24 | Sunday | Yes |
| May 26 | Kazi Nazrul Islam Jayanti (Agartala) | No |
| May 27 | Bakri Id (Eid-ul-Adha) | Yes |
| May 28 | Bakri Id (Eid-ul-Adha) | Yes |
| May 31 | Sunday | Yes |
Even though bank branches are closed today and on other notified holidays, digital banking services continue to operate without interruption. Customers can use net banking, mobile banking, and UPI for fund transfers, bill payments, and other transactions. ATM services also remain available as usual.
It is essential to note that bank holidays vary by state and depend on regional festivals and local observances. While banks may be closed in one state, they can remain open in another. Customers are advised to check the state-wise holiday list available on the RBI website or confirm with their local branch before visiting.
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