Stories
Bank Strike: 3-Day Closure from Sept 28-30, How Will Your Work Proceed?
- •A nationwide bank strike is scheduled for 3 days, from September 28 to 30, impacting banking services across the country.
- •The United Forum of Bank Unions (UFBU) has called the strike, with a primary demand for a 5-day work week and all Saturdays as holidays.
- •Bank employees also demand the withdrawal of the PLI scheme and the implementation of the Old Pension Scheme for new employees.
- •Employees cite heavy workload and manpower shortages, leading to 2-3 hours of extra work daily.
- •The government has appealed to postpone the strike and ordered banks to open on September 27 to minimize public inconvenience.
Key Questions Answered
The main demands include implementing a five-day workweek with every Saturday as a holiday, withdrawing the Performance Linked Incentive (PLI) scheme, and introducing the Old Pension Scheme for new employees. Unions also demand pension updates, uniform dearness allowance on pensions, and medical insurance premium relief for pensioners.
The government and the RBI ordered public sector and regional rural banks to open on Sunday, September 27, 2026, to prevent a five-day continuous closure. Since a nationwide three-day bank strike is scheduled from September 28 to 30 following the weekend, opening on Sunday ensures public banking operations are not severely disrupted.
During the three-day strike from September 28 to 30, essential banking services across the country will be suspended. These disruptions will directly affect cash deposits, cash withdrawals, check clearings, government transactions, and general branch operations.
