Banks advise customers to complete essential transactions ahead of 3-day strike
Bank customers are urged to finish essential transactions early as public sector branches face disruptions and unions press for a five-day work week and pension changes.
- Bank unions deferred their proposed three-day nationwide strike scheduled for September 28–30 after reaching an understanding with the Indian Banks' Association on Sunday, September 27, 2026.
- The United Forum of Bank Unions organized the action to press for a five-day work week, alongside demands for pension improvements and uniform dearness allowance formulas for bank employees.
- Both parties agreed to form a high-level committee immediately to explore alternatives for declaring remaining Saturdays as holidays, with solutions acceptable to all stakeholders, the UFBU said.
- Banking services will proceed as scheduled, with cash deposits, withdrawals, and digital transactions remaining available across public sector banks and regional rural banks throughout the week.
- The committee will address residual issues from a March 8, 2024 meeting while discussions on the Performance Linked Incentive scheme for officers remain pending, signaling ongoing negotiations ahead.
61 Articles
61 Articles
Bank Strike Shock: 3-Day Nationwide Shutdown Postponed At Last Minute - What's Changed?
The nationwide bank strike scheduled to begin on Monday, September 28, has been postponed following talks between bank unions and the Indian Banks' Association (IBA). The United Forum of Bank Unions (UFBU) announced the decision on Sunday night after
Bank Strike Deferred: UFBU, IBA reach late-night understanding; 5-day work week, PLI issues to be reviewed
NEW DELHI: The United Forum of Bank Unions (UFBU) has deferred its proposed three-day nationwide bank strike after reaching an understanding with the Indian Banks’ Association (IBA) during a late-night meeting on September 27. The strike was scheduled to begin on September 28 and could have affected banking operations across the country. The decision to defer the agitation came after representatives of the UFBU met the IBA at around 9:30 pm on S…
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