2 hrs ago
Banks Advise Customers Ahead of Three-Day Nationwide Strike
Bank employees are planning a three-day strike from September 28 to September 30.
This could affect services at bank branches across the country.
The strike follows a Saturday and a Sunday, which could make closures feel longer.
Banks are telling customers to finish urgent work before the strike starts.
Customers may still be able to use ATMs, mobile banking, internet banking, UPI and other digital services.
Public sector banks and Regional Rural Banks may open normally on Sunday, September 27.
The employees want banks to adopt a five-day working week.
They also want changes to the Performance Linked Incentive system and could plan a longer strike if no agreement is reached.
The United Forum of Bank Unions has called a nationwide bank strike from September 28 to September 30.
State Bank of India, Indian Bank, Punjab National Bank and Union Bank of India advised customers to complete urgent transactions early.
Digital services including ATMs, internet banking, mobile banking, UPI and SBI’s YONO are expected to remain operational.
Public sector banks and Regional Rural Banks have been permitted to operate normally on Sunday, September 27.
Unions warned of an indefinite nationwide strike from October 26 if their demands remain unresolved.
- Who
- The United Forum of Bank Unions and bank employees; State Bank of India, Indian Bank, Punjab National Bank and Union Bank of India issued customer advisories.
- What
- A proposed three-day nationwide bank strike and related advice to complete urgent transactions in advance.
- Where
- Across India, with branch-level services potentially affected nationwide.
- When
- September 28 to September 30; public sector banks and Regional Rural Banks have been permitted to operate normally on September 27.
- Why
- Unions are demanding a five-day working week and withdrawal of the Performance Linked Incentive scheme.
Bank Unions
Banks and Customers
Working week
Bank Unions
Unions want banks to adopt a five-day working week, similar to institutions such as the Reserve Bank of India and Life Insurance Corporation of India.
Banks and Customers
Banks have advised customers to complete important branch transactions before the strike and use available digital channels.
Performance incentives
Bank Unions
Unions oppose the revised Performance Linked Incentive framework, citing disparities between senior officials and lower-level employees.
Banks and Customers
The bank advisories focus on maintaining customer access through branches on September 27 and through digital services during the strike.
Potential escalation
Bank Unions
Unions have warned of an indefinite nationwide strike from October 26 if their demands are not resolved.
Banks and Customers
Customers are being encouraged to plan ahead to reduce disruption during the proposed three-day strike.
Key facts
- Strike dates
- September 28-30
- Convening body
- United Forum of Bank Unions
- Main demands
- A five-day working week and withdrawal of the Performance Linked Incentive scheme
- Digital services
- ATMs, customer service points, YONO, internet banking, mobile banking and UPI are expected to remain operational
- September 27 operations
- Public sector banks and Regional Rural Banks have been permitted to conduct normal banking operations
- Possible further action
- An indefinite nationwide strike could begin October 26 if demands remain unresolved
- Earlier action
- Bank unions observed a one-day strike on September 11
Sources
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