New Delhi: Several unions united with the United Forum of Wall Unions (UFBU) have spoken a strike on January 27 taxing a five-day work week and two days of weekly holidays. The unions say they have been in discussions with the inside government and the Indian Banks' Association (IBA) on this issue for a long time, but no touchable visualization has been reached yet.
According to the unions, a five-day work system should be implemented in banks, similar to other government offices, to ensure a largest work-life balance.
What will be the impact on financial services?
The strike may stupefy the pursuit services:
Check clearing
Cash deposits and withdrawals
Customer services at branches
Loan and document-related work
However, ATM, UPI, mobile banking, and internet financial services are likely to remain operational.
Will all banks be closed?
According to sources, this strike will primarily stupefy public sector banks. Private and cooperative banks may wits limited impact. However, the situation may vary at the local level.
What do the unions say?
Bank unions say that the increasing workload and staff shortage are putting immense pressure on employees. They believe that a five-day work week will not only provide relief to employees but moreover modernize the quality of services.
Advice for customers:
Complete your essential financial transactions in advance.
Make greater use of digital financial services.
Check with your wall for the latest updates surpassing visiting a branch.
