Bank employees can get good news soon. After almost a year of repeated demands and petitions from various bank employee unions, five day banking is soon closer to becoming a reality
Bank employees can get good news soon. After repeated demands and petitions for almost a year from different bank employee unions, five day banking is soon close to becoming a reality. According to media reports, in the meeting of the Indian Banking Association (IBA), an organization related to the management of Indian banks, held on July 28, the industry demanded bank employee unions to observe bank holidays on all Saturdays, which is said to have been accepted by the industry body. Have done. The IBA has forwarded the petition to the Finance Ministry for approval.
Awaiting the approval of the Ministry of Finance
If approved, it would mean that bank branches would function only five days a week i.e. from Monday to Friday. However, the daily working hours in the branch can be increased by 45 minutes. However, according to several private and public sector bank officials, the agenda for declaring Saturday as a holiday was approved in the last IBA meeting. Now this matter is with the Finance Ministry.
Will have to work for 5 days
At present banks in India have a holiday every Sunday and every second and fourth week Saturday. After the change, now the first, third and fifth Saturdays of every month will be given to bank employees. Means, if the decision is taken, banks will work only for 5 days a week. Under this, bank employees will work for five days every week from Monday to Friday, while there will be two days off on Saturday and Sunday.
Customers may be in trouble
Due to working of banks for 5 days, customers can definitely face problems. Customers may face problems in many bank tasks that have to be done by going to the bank. There are many job professionals who settle their work by going on Saturday as their day off. In such a situation, he will have to go to the branch after taking office leave or taking time off. They have to settle most of their work through online banking.
