If the Union Finance Ministry also approves this, then the banks will operate only five days a week and the employees will not have to work on the first and third Saturdays.
If everything goes well, now banks will be open only 5 days every week. Banks are likely to get approval for 5 working days a week and 2 days weekly holiday. Let us tell you that apart from Sunday, there is second and fourth Saturday of the month as a weekly holiday.
According to a report in Business Line, the demand of bank employees unions to declare all Saturdays as weekly holiday has been accepted by the bank association in its meeting on July 28. Now the representative body of the management of Indian banks has sent it to the Finance Ministry for approval. If the Union Finance Ministry also approves this, then the banks will operate only five days a week and the employees will not have to work on the first and third Saturdays. However, the timing can be increased by 45 minutes on 5 working days of the week.
Bankers are confident that their proposal will get approval from the finance ministry. The report quoted sources as saying that based on some informal conversations with the ministry, it appears that the government may not have any problem in accepting this request of the bankers’ union.
