Maharashtra cancels Bank Holiday on 5th Sep, Holiday declared on 8th Sep

The Government of Maharashtra has cancelled Id-E-Milad holiday on September 05, 2025. The Government has declared September 08, 2025, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881.

The decision came after the Muslim community decided to hold the Eid-e-Milad procession on September 8 to maintain harmony, as Anant Chaturdashi falls on September 6, the day when Ganesh idols will be immersed following public processions.

In a circular, the General Administration Department (GAD) stated, “While the holiday on September 5 will remain unchanged for other districts in the state, it has been shifted to September 8 in Mumbai city and suburbs.”

What this means for Economy?

There will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 08, 2025. The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 05, 2025.

Settlement of all outstanding transactions due on September 08, 2025 (Monday) will get postponed to the next working day, i.e., September 09, 2025 (Tuesday). Settlement of the auction of Government of India Dated Securities conducted on September 04, 2025 (Thursday) will take place on September 09, 2025 (Tuesday).

The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) windows under the Liquidity Adjustment Facility (LAF) will be available as per the revised holiday. Accordingly, all the SDF and MSF bids placed today will get reversed tomorrow i.e., September 5, 2025. Further, the SDF and MSF windows will be available as usual on all days as per the extant guidelines.