New Delhi34 minutes ago
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Bank employees across the country will observe a 3-day nationwide strike on 28, 29 and 30 September. United Forum of Bank Unions i.e. UFBU said that it is in no mood to postpone the strike.
The unions have taken this decision after the conciliation talks held with the Indian Banks Association (IBA) and the Department of Financial Services (DFS) of the Finance Ministry on September 22 remained inconclusive.
Bank unions have been demanding 5-day working for a long time. Unions say that 5-day banking was agreed upon and signed under the Bilateral Wage Revision Agreement in March 2024, but the government has not yet implemented it.
Earlier, the unions had gone on a one-day strike on September 11 and have also warned of an indefinite strike from October 26 if their demands are not met.
Wrote on X- This is not the time to sit quietly
- In a meeting brokered by the Deputy Chief Labor Commissioner in New Delhi, representatives of IBA and DFS had appealed to the unions to call off the strike.
- Officials argued that the issue of 5-day banking is under consideration of the government and is being discussed with many parties. The Finance Ministry also appealed to the employees not to go on strike.
- However, UFBU said that the strike will not be called off unless concrete steps are taken regarding 5-day banking.
- The organization posted on X and told its members that no positive response was received. This is not the time to sit quietly, but to stand united.
- 3 days, one demand and one united force! Make it historically successful. If not now then never!
Impact on customers: Banking services may be affected for 5 consecutive days
- The strike is proposed on 28, 29 and 30 September (Monday to Wednesday). Just before this, 26th September is the fourth Saturday of the month and 27th September is a Sunday holiday.
- In such a situation, if there is a strike, customers may have to face problems in the work related to bank branches for 5 consecutive days.
- Many major banks including State Bank of India (SBI) and Punjab National Bank (PNB) have advised customers to complete their important tasks on time.
- Banks have asked customers to use digital platforms like ATM, Automated Deposit and Withdrawal Machine, Internet Banking, Mobile Banking, YONO and UPI.
- However, there is bound to be a delay in work related to check clearance, cash deposit and physical documentation.
What is the demand for 5-day banking?
Current rules: At present, banks work on the first, third and fifth Saturdays of every month, while the second and fourth Saturdays are holidays.
Demand of employees: Bank employee organizations are demanding to declare all Saturdays as holiday and implement the system of working only 5 days a week (Monday to Friday). In return, they are ready to give 30 to 45 minutes extra in their daily working time.
Read this news also…
Work like check clearance, cash deposit stuck due to bank strike: Business worth Rs 5,500 crore affected in Madhya Pradesh, will remain closed on Saturday-Sunday also
Government and some private banks across the country, including SBI, PNB and Union Bank, remained closed on Friday due to the strike by bank employees. Due to this, work related to check clearance, cash deposit and withdrawal, FD renewal and government treasury remained completely stuck.
Due to the strike, banking business worth Rs 5,500 crore was affected in Madhya Pradesh in just one day. The United Forum of Bank Unions had announced a one-day strike on Friday to demand 5-day working which has been pending for 2 years. Read the full news…
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