Bank 5 days working. According to the sources of CNBC Awaaz, the Indian Banking Association may take a decision next week regarding working for five days a week.
There is good news for government bank employees. There will be a meeting next week on all pending issues including working 5 days a week and salary hike. According to sources, the first meeting between Bank Unions and Banks Association is going to be held on 28 July. In which along with all these important issues, there will also be discussion on giving cheap health insurance to retired bankers.
Let us tell you that bank unions have been demanding 5 working days for a long time. This demand had caught hold since the government implemented the rule of 5 working days in the Life Insurance Corporation of India.
The Finance Ministry has no objection to this demand of the employees. The Indian Banking Association had sent a proposal to the government regarding this demand.
According to the proposal, daily working time for bank employees will be increased by 40 minutes. Notification can be issued with wage board revision. Notification can be issued under section 25 of the Negotiable Instrument Act.
The government wants to settle all the issues before December 1. The government has no objection to working 5 days in a week. Bankers Wage Revision is due from 1st November last year.
