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Labour Day, Maharashtra Day bank holiday: Banks closed today, May 1; check out state-wise full list

Are banks closed on 1st May? According to the Reserve Bank of India‘s holiday calendar 2024, banks are shut today, May 1 on the account of Maharashtra Din/May Day (Labour Day). 

Labour Day bank holiday, Bank holidays in May 2024, Maharashtra Day bank holiday: Are banks closed on 1st May? According to the Reserve Bank of India’s holiday calendar 2024, banks are shut today, May 1 on the account of Maharashtra Din/May Day (Labour Day). Bank are closed in Belapur, Bengaluru, Chennai, Guwahati, Hyderabad (Andhra Pradesh & Telangana), Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna and Thiruvananthapuram. 

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Maharashtra Day

May 1 is celebrated as Maharashtra Day in honour of the formation of the state of Maharashtra in India. The day marks the anniversary of when the state was officially formed in 1960. 

Labour Day

May 1 is also marked as May day/ Labour day. The day commemorates the contributions of workers and the labour movement across the world. 

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Bank holidays in May 2024

Banks will remain shut for a total of 14 days in May across various regions in India. The 14-day holiday in May will include national and regional holidays as well as Sundays, 2nd and 4th Saturdays. 

As per the RBI guidelines, bank holidays in India fall into three categories: 

Holiday under Negotiable Instruments Act
Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday
Banks’ Closing of Accounts

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Bank holidays in May 2024: Full list

Holiday DescriptionDate (May)
Maharashtra Din/May Day (Labour Day)1
Lok Sabha General Elections 20247
Birthday of Rabindranath Tagore8
Basava Jayanti/Akshaya Tritiya10
Lok Sabha General Elections 202413
State Day16
Lok Sabha General Elections 202420
Buddha Pournima23
Nazrul Jayanti/Lok Sabha General Elections 202425

Bank holidays in May 2024: Full list 

May 2024178101416202325
Agartala       
Ahmedabad        
Aizawl        
Belapur      
Bengaluru       
Bhopal       
Bhubaneswar        
Chandigarh        
Chennai        
Dehradun        
Gangtok        
Guwahati        
Hyderabad – Andhra Pradesh        
Hyderabad – Telangana        
Imphal        
Itanagar        
Jaipur         
Jammu        
Kanpur        
Kochi        
Kohima         
Kolkata      
Lucknow        
Mumbai      
Nagpur       
New Delhi        
Panaji       
Patna        
Raipur       
Ranchi        
Shillong         
Shimla        
Srinagar       
Thiruvananthapuram       
 

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