Banks advise customers to complete essential transactions ahead of 3-day strike
UFBU said talks with the Indian Banks Association produced a committee to review Saturdays off and other demands, deferring the strike.
- On Sunday, the United Forum of Bank Unions deferred its three-day nationwide strike scheduled to begin Monday, September 28, 2026, after reaching an agreement with the Indian Banks' Association to form a high-level committee.
- Unions had pressed for a five-day working week and improved pension benefits, seeking options for National Pension System employees to switch to the Old Pension Scheme , while arguing that existing financial institutions already follow a five-day model.
- The newly formed committee will immediately deliberate on declaring remaining Saturdays as holidays and explore alternatives acceptable to all stakeholders, including customers, according to a circular cited by the UFBU.
- Earlier this week, the Finance Ministry urged employees to resolve issues through dialogue, stating most concerns were substantially addressed, while the Reserve Bank of India authorized Sunday operations to mitigate potential disruptions.
- While the immediate strike is deferred, the UFBU has threatened an indefinite strike beginning October 26, 2026, if pending demands regarding pensions and working hours remain unresolved, signaling potential long-term operational challenges.
65 Articles
65 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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