Summary of this article
Maharashtra shifts Eid-e-Milad holiday to September 8
Markets operate on September 5, shut on September 8
Next Maharashtra holiday is Dussehra on October 2
The Maharashtra Government, in a press release by the Reserve Bank of India (RBI), has made a public declaration for postponing the date of the public holiday on the occasion of Eid-e-Milad in Mumbai city and suburbs. The holiday, earlier scheduled on Friday, September 5, 2025, will now be observed on Monday, September 8, 2025.
The notification was issued under Section 25 of the Negotiable Instruments Act, 1881, which governs banking and some financial sector public holidays. The change will be effective only in Mumbai and the metropolitan region. The old date of September 5 remains unaffected in other districts of Maharashtra.
The move helps avoid conflicting with other big public events planned within the city and enables easier administration of festivals.
Impact On Financial Market Operations
RBI has guaranteed that all significant financial markets in Maharashtra will now operate on Friday, September 5. These are the government securities market, foreign exchange market, money market, and rupee interest rate derivatives market.
These exchanges will rather be closed on Monday, September 8, according to the amended holiday announcement. Consequently, all September 8 settlements are moved to the ensuing working day, Tuesday, September 9.
The shift applies to settlements on the auction of Government of India Dated Securities held on Thursday, September 04. The alteration is intended to reduce financial activity disruption while adhering to the announcement of the state holiday.
Banking Industry Adjusts to New Timeline
Banks in Mumbai and its suburbs will now celebrate the Eid-e-Milad holiday on September 8. Banking operations will be conducted normally on September 5.
By contrast, bank branches located in other districts within Maharashtra will still observe the previous holiday date of September 5. Customers are encouraged to reference local branch holiday calendars to ensure no disruption with transactions or in-branch services.
No Change To Equity Market Timings
The equity segment, comprising the Bombay Stock Exchange and National Stock Exchange, will operate as usual on September 5 and September 8. No change in trading hours or settlement cycles for equity trades will take place.
This will enable traders to carry out their trades without interruptions, since the equity segment is not hit by the state holiday under the Negotiable Instruments Act.
Liquidity Facilities Changed
RBI also made announcements regarding its liquidity operations. The Standing Deposit Facility and Marginal Standing Facility windows under the Liquidity Adjustment Facility will abide by the new holiday.
Bids submitted for the facilities on September 4 will be reversed on September 5. The facilities will continue to be available on every other working day as per the revised holiday calendar.
Following Eid-e-Milad on September 8, the next big public holiday in Maharashtra will be Dussehra (Vijayadashami) on Thursday, October 2, 2025. The festival commemorates the conclusion of Navratri and is widely celebrated with closures in government offices, banks, and most businesses.
