Are Banks Open Or Closed Today, May 1? If you are planning to visit your bank branch, it is necessary to check the list of RBI-notified holidays. These holidays are not uniform nationwide and vary from state to state. That means on some dates, banks in certain states will remain closed, while in others, they will function normally.
Are Banks Open Or Closed Tomorrow, May 1?
Banks will remain closed on May 1 in most cities on account of ‘Maharashtra Din/Buddha Pournima/May Day (Labour Day)/Birth Anniversary of Pandit Raghunath Murmu’, according to the RBI-notified holiday list.
Bank branches will remain open in Ahmedabad (Gujarat), Bhubaneswar (Odisha), Chandigarh, Gangtok (Sikkim), Jaipur (Rajasthan), Kohima (Nagaland), and Shillong (Meghalaya).
Banks remain closed on second and fourth
Saturdays of the month, apart from all Sundays and other RBI-notified holidays.
Bank Holidays In May 2026
| Holiday Description | Date |
|---|---|
| Maharashtra Din/Buddha Pournima/May Day (Labour Day)/Birth Anniversary of Pandit Raghunath Murmu | 1 |
| Birthday of Rabindranath Tagore | 9 |
| State Day | 16 |
| Birthday of Kazi Nazrul Islam | 26 |
| Eid-UI-Adha-(Bakri-Eid)/Id-ul-Zuha | 27 |
| Bakri ID (Id-Uz-Zuha) | 28 |
Full state-wise bank holiday list can be check on this RBI’s official link.
Banks Timings
Most major banks in India, including SBI, Bank of India, and Punjab National Bank, operate between 10 am and 4 pm, while ICICI, HDFC, Axis, Yes Bank, and Kotak Mahindra Bank usually function from 9:30 am to 4:30 pm or 3:30 pm, depending on the branch. Bank of Baroda has slightly extended hours, operating between 9:45 am and 4:45 pm or 10 am to 5 pm, and Canara Bank typically works from 10 am to 3:30 pm.
Five-Day Workweek Demand
Though banks remain closed on second and fourth Saturdays of the month, bank unions have been demand five workweek. If approved, it would mean banks will remain all Saturdays and Sundays.
Last month, on January 27, 2026, bank unions went on strike. They said a five-day work week would reduce work pressure, improve efficiency, and allow employees more time with their families. Most central government offices and financial institutions in India already follow a five-day schedule, bank staff want the same.
To ensure customer services aren’t affected, the United Forum of Bank Unions (UFBU) has proposed working 40 extra minutes a day from Monday to Friday. The forum points out that RBI, LIC, GIC, stock markets, forex and money markets already remain closed on Saturdays.
