Stories
Bank Strike Deferred: Branches Open Today After Late-Night Talks
M
Moneycontrol•28-09-2026, 10:12
Bank Strike Deferred: Branches Open Today After Late-Night Talks
- •Bank customers can expect branches to function as usual today, September 28, after the United Forum of Bank Unions (UFBU) deferred its proposed strike.
- •The deferment follows late-night talks between UFBU and the Indian Banks’ Association (IBA), leading to an understanding on several pending issues.
- •A high-level committee of IBA and UFBU will be formed immediately to examine the demand for declaring the remaining Saturdays as holidays.
- •Customers can proceed with routine branch-related work, including cash deposits, withdrawals, and cheque services, without disruption.
- •The issue of a five-day working week for banks is still under discussion and not yet implemented; the existing holiday arrangement continues.
Key Questions Answered
The nationwide bank strike was deferred after late-night talks between the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) on September 27, 2026, where both parties reached an understanding on pending issues and agreed to form a high-level committee.
Yes, bank branches are functioning as usual, allowing customers to carry out routine in-person banking requirements such as cash deposits, withdrawals, and cheque services without disruption.
A five-day work week has not been implemented yet. A high-level committee comprising the IBA and UFBU has been formed to examine the demand for declaring all remaining Saturdays as holidays.
