Maharashtra Day and Labour Day Holiday: Stock Markets, Banks Closed on May 1, 2025

If you’re planning any financial transactions or looking to trade stocks, it’s important to note that both the Indian stock market and banks will remain closed on May 1, 2025, in observance of Maharashtra Day and Labour Day. Trading and banking services resume on May 2.

Why is May 1 a Holiday?

International Labour Day, also known as ‘May Day’, is observed globally to encourage constructive dialogue among social partners. In India, the workforce, spanning both organised and unorganised sectors, exceeds 500 million.

Labour Day is a tribute to the hard work, dedication, and achievements of workers, recognising their vital contributions to society. The first Labour Day in India was celebrated on May 1, 1923, in Madras, initiated by the Labour Kisan Party of Hindustan.

The day is celebrated by different names in various states, including Kamgar Din in Hindi, Karmikara Dinacharane in Kannada, Karmika Dinotsavam in Telugu and many more.

May 1 also commemorates the formation of Maharashtra, which took place on this date in 1960. It is a public holiday in the state, and the stock markets honour this with a closure.

Stock Market Holiday on May 1, Friday

Both the NSE and BSE will suspend trading on May 1, which includes equity, equity derivatives, SLB (Securities Lending and Borrowing), and currency derivative segments.

Read More: Share Market Holiday List 2025!

Banks Will Be Closed on May 1, 2025

As Maharashtra Day and Labour Day are recognised public holidays, both public and private sector banks will remain closed for in-branch services.

However, digital banking services such as ATM operations, UPI, net banking, and mobile banking apps will remain fully operational for customers to carry out transactions.

Conclusion

In conclusion, both the stock markets and banks will remain closed on May 1, 2025, to observe Maharashtra Day and Labour Day. This day holds significant importance in India, recognising the contributions of workers and commemorating the formation of Maharashtra.

While trading and banking services will be unavailable for the day, digital banking options will remain operational, ensuring that customers can continue their essential transactions. It’s important for traders, investors, and individuals to plan their financial activities accordingly to avoid disruptions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.