Bank Closures in May 2026: Key Dates You Should Know (Image Source: Canva) Bank holiday today: Banks in India are closed in several parts on May 1 due to multiple holidays including Labour Day and Maharashtra Day. Bank branches will be however open in several parts of the India where the banking operations can be done. 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. Banks will be open in Gujarat, Odisha, Chandigarh, Tamil Nadu, Sikkim, Rajasthan, Nagaland and Meghalaya. Maharashtra Day is a state holiday in Maharashtra, celebrated to mark the formation of the state coming into existence on May 1, 1960. Further, Labour Day is an official public holiday in many countries as it is synonymous with, or linked with, International Workers' Day, which happens on 1 May. It is celebrated in many states in India as well. Even if your bank branch is closed, ATM, UPI, mobile banking, and net banking services will work normally. Customers can however use net banking, mobile banking and UPI for fund transfers, bill payments and other transactions. Indian stock markets are closed today, May 1, 2026, because of Maharashtra Day and Labour Day. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut for the entire day. There will be no trading in stocks, derivatives, currency, SLB, or Electronic Gold Receipts. Indian equity benchmarks lost ground sharply on Thursday, giving up the previous session’s recovery as multiple headwinds weighed on investor confidence. Rising crude oil prices, uninspiring global signals, and continued foreign investor outflows combined to push markets lower in early trade. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Business, Economy and around the World. Vikas Kumar is Deputy Editor (Business) at Times Now driving coverage across policy, economy and markets. He possesses nearly a decade of experience i... View More