Stories
Bank Strike Called Off! Did Government Accept Demands? Find Out All Answers Here
- •The nationwide bank strike, scheduled from September 28 to September 30, 2026, has been called off.
- •The decision followed a meeting between the Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU).
- •A high-level committee will be formed to discuss the five-day banking system and the PLI scheme.
- •The averted strike brings relief to pensioners, salaried employees, and small business owners.
- •Currently, the five-day banking system has not been implemented, and Saturday holidays remain as before.
Key Questions Answered
The nationwide bank strike scheduled from September 28 to 30, 2026, was postponed following a late-night meeting between the Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU) on September 27. Both parties agreed to continue discussions on key demands rather than immediately proceeding with the strike.
The main demands include implementing a five-day banking week by declaring all Saturdays as holidays and making changes to the Performance Linked Incentive (PLI) scheme for officers of Scale IV and above.
The IBA and UFBU agreed to form a high-level committee to review options for a five-day banking system while considering customer and stakeholder interests. Additionally, discussions regarding potential changes to the PLI scheme will continue before any proposals are submitted to the government.
