New Delhi: Bank unions have decided to go on a nationwide strike on Friday, September 11, for their pending demands including implementation of five-day-a-week financial system. Due to the strike, work may be affected, expressly in the branches of public sector banks. After this, there will be regular wall holidays due to second Saturday on 12th September and Sunday on 13th September. At the same time, in some states there is moreover a holiday of Ganesh Chaturthi on 14th September. In such a situation, financial services may be unauthentic in many places for four subsequent days.
Why have wall unions tabbed a strike?
The major demands of wall employee organisations include implementation of five-day financial system a week and resolution of other pending issues. Regarding these demands, wall unions have decided to go on strike on September 11. The strike is likely to have the biggest impact on the regular work in wall branches.
Will banks remain sealed for four subsequent days?
There is a strike on Friday, 11th September. Banks will remain sealed the next day on 12th September as it will be second Saturday and on 13th September it will be Sunday. Apart from this, in some states there will moreover be a wall holiday on 14th September on the occasion of Ganesh Chaturthi.
Due to this, the work of wall branches in some states may be unauthentic for four subsequent days. However, the holiday on September 14 will not be the same wideness the country and will depend on state-wise wall holidays.
Which financial services may be affected?
Due to the strike, mazuma deposits and withdrawals, cheque-related operations, wall account-related services and other branch-level operations may be unauthentic in wall branches. The wall management has said that volitional arrangements will be made to protract essential services, but there may be a possibility of wait in some services.
In particular, there is a possibility of impact on mazuma availability and trammels clearing. Customers who have to go to the workshop to do important work have been well-considered to make their plans keeping this in mind.
Will ATM and online financial services remain closed?
The main impact of the strike is likely to be on the functioning of wall branches. Banks make necessary arrangements to protract normal services like digital banking, mobile financial and ATM. However, due to frequent holidays and strikes, there may be temporary disruption in mazuma availability or technical services at some places.
Will public sector banks moreover be affected?
Most of the public sector banks including State Wall of India have once informed their customers well-nigh the strike. Banks have well-considered customers to well-constructed important workshop related work in advance, as regular financial services may be unauthentic during the strike.
What precautions should customers take?
Those who have to go to the wall to withdraw cash, petrifaction a cheque, get a wall typhoon made or any other important work related to the branch, should try to settle it in advance. Also, in view of subsequent holidays, it would be largest to plan the necessary mazuma and payments in advance.
