Why banks are closed tomorrow on May 1, check the details

Every year, people in Maharashtra celebrate Maharashtra Day on May 1. This day honors the formation of the state of Maharashtra in India. The state was officially formed in 1960 after the Parliament passed the States Reorganisation Act, 1956. This Act defined the boundaries of states based on language. So, banks in Maharashtra will remain closed tomorrow, May 1.

What is Maharashtra Day?

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Maharashtra Day or Maharashtra Din is a state holiday. It marks the formation of the state.

Apart from Maharashtra Day, banks will also remain shut in other states due to May Day. On May 1, Labour Day is observed to honor the contribution of workers and the labour movement. This day recognizes the rights of workers and their achievements. It also highlights the struggle for fair wages, better working conditions and social justice.

Labour Day or International Workers Day is celebrated all over the world on May 1. Banks in several states will remain shut tomorrow like Tamil Nadu, Assam, Andhra Pradesh, Telangana, Manipur, Kerala, Maharashtra, Karnataka, Bengal, Goa, and Bihar.

According to the Reserve Bank of India’s holiday calendar, banks will remain shut in Thiruvananthapuram, Patna, Panaji, Nagpur, Hyderabad, Chennai, Mumbai, Kolkata, Kochi, Imphal, Guwahati Bangalore, and Belapur due to Maharashtra Din/May Day.

Different states celebrate Labour Day in India under different names. In Hindi, it is known as Kamgar Din, in Kannada it is Karmikara Dinacharane, in Marathi it is Kamgar Divas, in Telugu it is Karmika Dinotsavam, in Tamil it is Uzhaipalar Dhinam, in Malayalam it is Thozhilali Dinam and in Bengali it is Shromik Dibosh.

Other bank holidays in May 2024

May 4 : Sunday
May 8 : Banks in West Bengal will remain closed
May 10 : Banks will remain shut due to the Akshaya Tritiya festival.
May 11 : Second Saturday
May 12 : Sunday
May 18 : Sunday
May 23 : Due to Buddha Purnima banks will remain closed.
May 25 : Fourth Saturday
May 26 : Sunday