Triple Holiday Alert: Banks Across India Shut Doors for Festive Long Weekend

Indian banking customers must prepare their transactions in advance because banks will remain closed for three consecutive days from April 29 to May 1, 2025. This unusual triple holiday run is attributed to a mix of regional celebrations and national holidays, impacting banking services across several states.

 

Key Highlights:

 

April 29 – Bhagvan Shri Parshuram Jayanti:

Shimla banks and specific areas will remain shut on the occasion of the birth anniversary of Lord Parshuram, the sixth incarnation of Lord Vishnu. The day is commemorated with prayer and fasting, particularly in Himachal Pradesh and North India.

 

April 30 – Basava Jayanti & Akshaya Tritiya:

April 30, banks in Bengaluru and some southern states will be closed for Basava Jayanti, marking the birth anniversary of 12th-century philosopher and social reformer Basavanna, and Akshaya Tritiya, a festive day for prosperity and fresh starts, well known for gold buying and investments.

 

May 1 – Maharashtra Day & Labour Day:

May 1 is a public holiday in most states, including Maharashtra, Karnataka, West Bengal, and Bihar, for Maharashtra Day and International Labour Day. Maharashtra Day is a celebration of the state formation day, while Labour Day is a national celebration to observe workers' day.

 

Impact on the Stock Market:

BSE and NSE will be closed on May 1 in Mumbai due to Maharashtra Day.

 

State-wise Differences:

The holiday schedule varies by state, so customers are advised to check the RBI’s official list or their local bank branch for specific closures.

 

Digital Banking Unaffected:

While physical branches will be closed, customers can continue to access net banking, mobile banking, and ATM services as usual.

 

With banking services offline in many regions, customers are urged to complete cash deposits, cheque clearances, and other in-branch activities before the holiday window begins.

 

Sources: Hindustan Times, News18, India TV News, Goodreturns