Bank holidays: According to media reports, in a meeting held last month, the Indian Banking Association (IBA) has approved five working days in the bank. The proposal has now been sent to the Finance Ministry for final approval. Know what’s in the new offer?
Bank employees have been demanding a two-day week off for a long time. At present bank employees get a day off every week on Sunday. Apart from this, banking is also closed on the second and fourth Saturdays of the month.
Bank employees may soon get a good news related to the week off. In fact, according to media reports, in a meeting held last month, the Indian Banking Association (IBA) has approved five working days in the bank . The proposal has now been sent to the Finance Ministry for final approval.
Bank will also get two days week off
Bank employees have been demanding a two-day week off for a long time. At present bank employees get a day off every week on Sunday. Apart from this, banking is also closed on the second and fourth Saturdays of the month. However till 2015, the banks were operational six days a week including all Saturdays. If the proposal for a two-day week off is accepted, banks will work from Monday to Friday, but their daily working hours will be extended by 45 minutes.
Most banking work has gone digital
According to media reports, a banker said that now about 80 per cent of the transactions are being done digitally. Apart from this, bank branches are now working more on handling customer complaints. There is not much need to visit branches these days, except for taking a few sign-offs on certain agreements that require signatures of the customers.
Finance Ministry’s approval may be received soon
A source also said that based on informal talks, a nod from the finance ministry is expected soon as the government will have no problem in accepting this request of the bankers’ union. After the approval of the Finance Ministry, the proposal will be taken to the Reserve Bank of India (RBI) for approval.
