Bank Holidays May 1 2026: Banks Closed in 23 Indian States for Maharashtra Day Buddha Purnima Labour Day
Multiple state-specific and national holidays affect banking operations across India including Maharashtra Karnataka Tamil Nadu and others
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Banks in 23 Indian states and union territories will be closed on Friday May 1 2026 due to multiple holidays including Maharashtra Day marking the states formation in 1960 Buddha Purnima celebrating Gautam Buddhas birth May Day Labour Day and the birth anniversary of Pandit Raghunath Murmu developer of the Ol Chiki script for Santali.
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India has a complex system of bank holidays with the RBI publishing an annual calendar. May 1 combines multiple significant observances including Maharashtra Day commemorating the states formation in 1960 Buddha Purnima a major Buddhist festival May Day International Labour Day and the birth anniversary of Pandit Raghunath Murmu who created the Ol Chiki script for the Santali language.
Banks in many Indian states are closed on Friday May 1 2026 to commemorate holidays such as Maharashtra Day Buddha Purnima May Day Labour Day and the birth anniversary of Pandit Raghunath Murmu. Some of them are state-specific holidays while others will be observed in many states.
Banks in Tripura Mizoram Maharashtra Karnataka Madhya Pradesh Tamil Nadu Uttarakhand Assam Telangana Manipur Arunachal Pradesh Jammu and Kashmir Uttar Pradesh Kerala West Bengal Delhi Goa Bihar Chhattisgarh Jharkhand Himachal Pradesh and Andhra Pradesh will observe a bank holiday on May 1 2026 for occasions such as Maharashtra Din Buddha Pournima May Day Labour Day and the birth anniversary of Pandit Raghunath Murmu.
Banks will be open in Gujarat Odisha Chandigarh Tamil Nadu Sikkim Rajasthan Nagaland and Meghalaya.
Maharashtra Day is a state holiday in Maharashtra commemorated for the formation of the state. Maharashtra came into existence on May 1 1960 after it was bifurcated from the Bombay state.
Buddha Pournima Gautam Buddha's birthday also known as Buddha Pournima is largely a Buddhist celebration observed throughout South Southeast and East Asia to commemorate the birth of prince Siddhartha Gautama who became Gautam Buddha and founded the religion of Buddhism.
Labour Day is an official public holiday in many countries. In most countries Labour Day is synonymous with or linked with International Workers' Day which happens on 1 May. It is celebrated in many states in India as well.
Raghunath Murmu was an Indian writer and educator. He developed the Ol Chiki script for the Santali language. Until the 19th century Santali people had no written language and knowledge was transmitted orally from one generation to another.
Note that all scheduled and non-scheduled banks will observe a public holiday on the second and fourth Saturday.
