No Bank Services for the next 4 Days: Here’s Why!

Bank Services: Many of us often have some work to do in the bank. In this context, we need to know exactly when banks are open and when they are closed. According to recent reports, Banking services across the country will be affected for 4 consecutive days because bank employees are going on strike. The strike will be held on March 24-25.

No Bank Services for the next 4 Days?

There will be a series of holidays for banks next week. The United Forum of Bank Unions (UFBU) has called for a nationwide strike. This is likely to paralyze the economic activities of the country. The strike will be held for two days on March 24 and 25. The joint forum of bank unions took this decision after talks with the Indian Banks Association (IBA) failed and the services of public sector giant banks like State Bank of India, Bank of Baroda, Punjab National Bank, as well as private banks like ICICI Bank and HDFC Bank will also be disrupted.

Although there has been no official announcement yet, according to reports in several English media outlets, this strike will affect government, private and regional rural banks.

Since the fourth Saturday before the strike on March 24 and 25, March 22 and Sunday, March 23, there are chances of bank services being affected for 4 consecutive days. Services like cash withdrawal, cheque processing, loan services, and customer support may not be available when banks are closed.

Reasons for the strike:

Recruitment should be undertaken in all banks. Only if there are enough staff can customers receive good services.
Temporary employees should be made permanent immediately.
Like RBI, insurance companies, and government offices, banks should also implement a five-day work week.
Performance reviews and performance-based incentives (PLI) schemes that threaten job security should be abolished immediately. They create divisions among employees and undermine the autonomy of public sector banks (PSBs).
Appropriate measures should be taken to prevent attacks and abuse against bank officials and staff.
Vacant director posts in public sector banks should be filled.
Pending issues with the Indian Banks Association (IBA) should be resolved.
Like government employees, the gratuity limit should be increased to Rs. 25 lakhs. It should be exempted from income tax.
Outsourcing of permanent jobs in banks should be stopped.
Unfair labor practices in the banking sector should be stopped.

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