Labor Day, celebrated on May 1, is a day of entertainment for laborers and the working class. International Workers’ Day or May Day, which began with the labor movement in the late 19th century, honors the contributions and achievements of workers internationally. Labour Day is a day to recognize and celebrate the contributions of workers.
Are banks open on Labor Day, May 1?
Banks across the country will remain closed today on the occasion of Labor Day, which coincides with Maharashtra Day celebrations. However, according to the Reserve Bank of India (RBI), there are several cities where banks will remain closed on May 1. In particular, bank holidays vary from country to country, depending on nationwide, local, and religious celebrations.
The cities that will observe a bank holiday on Thursday, May 1, 2025, include Belapur, Bengaluru, Chennai, Guwahati, Hyderabad – Andhra Pradesh, Hyderabad – Telangana, Imphal, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, Raipur and Thiruvananthapuram.
Stock market
As Labour Day coincides with Maharashtra Day, one of the 14 listed trading holidays of the year, Indian stock exchanges – National Stock Exchange (NSE) and BSE – will remain closed on Thursday, May 1, 2025.
In view of the state holiday of Maharashtra Day, trading will remain suspended across all segments including equity, equity derivatives, currency derivatives, and securities lending and borrowing (SLB) segments.
Schools and government offices
Colleges and government offices will remain closed across the country on the occasion of Maharashtra Day on May 1. Meanwhile, many colleges and government offices across India will also remain closed on Labor Day, as it is observed as a public holiday in several states.
Liquor shops
Liquor shops across Maharashtra will remain closed on May 1, as Maharashtra Day is observed as a dray day when the sale of alcohol is prohibited.
What is open?
Hospitals, emergency services, and public transport will continue to operate as usual on May 1.
