Stories
Banks Including SBI, Canara to Close for 5 Days: Plan Your Work Now!
- •Bank services will be disrupted for five days from September 26 to 30.
- •Banks will be closed on September 26 and 27, followed by a three-day strike on September 28, 29, and 30.
- •Bank employees' demands, including a 5-day work week and increased pension, have not been met.
- •Talks with the central government have been ongoing for two to three years without resolution of demands.
- •Net banking and UPI payments will not be affected, but services requiring direct bank visits will be impacted.
Key Questions Answered
Banks will be closed due to a combination of regular weekend closures and a three-day nationwide strike called by the United Forum of Bank Unions from September 28 to 30. This follows the fourth Saturday on September 26 and Sunday on September 27.
The primary demands include implementing a five-day work week with holidays on all Saturdays and Sundays, increasing retired employees' pensions, and applying a uniform dearness allowance formula. Employees also want an option to switch from the National Pension System to the Old Pension Scheme and the complete withdrawal of the Performance Linked Incentive scheme.
Yes, internet banking and UPI payment services will not face any hindrance during the five-day disruption. Only physical banking services that require directly visiting the bank branch will be affected.
