Stories
Bank Strike: 3-Day Nationwide Shutdown Looms, Services Halted - What You Need to Know.
- •Bank unions have announced a nationwide strike on September 28, 29, and 30, bringing banking operations to a complete halt.
- •The primary demands for the strike include a 5-day work week, holidays on Saturdays and Sundays, and the withdrawal of the Performance Linked Incentive (PLI) scheme.
- •The strike will mainly impact public sector banks and regional rural banks, with private banks like HDFC, ICICI, and Axis not directly affected.
- •Services such as cash deposits/withdrawals, check processing, demand drafts, loans, and KYC at bank branches will be stalled for three days.
- •Customers can use ATMs, bank apps, and net banking for online transactions, but check and DD payments will be significantly impacted.
Key Questions Answered
Bank employees are striking to demand a 5-day work week with Saturdays and Sundays off, alongside the withdrawal of the Performance Linked Incentive scheme, pension reforms, dearness allowances, and the old pension scheme implementation.
The strike primarily affects public sector and regional rural banks like SBI, PNB, and Bank of Baroda, while major private banks remain partially impacted or operational. Branch counter services, check processing, demand drafts, loan processing, offline KYC, and account opening are halted for three days.
Customers can complete transactions digitally through net banking, bank mobile apps, and ATMs, many of which feature cash deposit machines. However, physical payments made via checks and demand drafts will experience significant disruptions and delays.
