Labor Day 2025: Banks, stock markets, schools will open on May 1? Everything you need to know
Labor Day is celebrated every year on May 1, respecting the contributions of workers and the labor movement rooted in the late 19th century. Also known as the International Workers Day or Mayday, it is an important opportunity to recognize the efforts of the working class in all sectors.
Will the bank open on May 1?
Banks in several cities will be closed on Thursday, May 1, 2025 during Labor Day complying with Maharashtra Day. According to the Reserve Bank of India (RBI) Holiday Calendar, bank closures vary by region, country, country and religious activity.
The bank will be closed in the following cities: Belapur, Bengaluru, Chennai, Guwahati, Hyderabad (Andhra Pradesh and Telangana), Imphal, Imphal, Kochi, Kolkata, Kolkata, Mumbai, Nagpur, Panaji, Panaji, Panaji, Patna, Patna, Raipur, Raipur and Thiruvanananthapuram.
Will the stock market remain closed?
Indian Stock Exchange (NSE) and BSE – will be closed on May 1, 2025. Labor Day is listed in 14 official trading holidays of that year. As a result, stocks, stock derivatives, currency derivatives, and securities loans and lending (SLB), including stocks, stock derivatives, and currency derivatives (SLBs) will not conduct trading activities.
Close schools and government offices
In Maharashtra, schools and government offices will close on May 1 Maharashtra Day. In addition, many states across India have marked Labor Day as a public holiday, resulting in the closure of educational institutions and government offices in multiple regions.
The hotel remains closed
Maharashtra will observe a dry day on May 1. As a result, alcohol stores across the state will remain closed and alcohol consumption will be banned.
What will remain open?
Despite public holidays, essential services (such as hospitals, emergency services and public transportation) will still operate nationwide as usual.
