New Delhi, Sep 26 (IANS): Customers of several public sector and old-generation private sector banks have been advised to complete important banking transactions in advance as bank employees’ unions prepare for a three-day nationwide strike starting September 28. The proposed strike is expected to disrupt branch operations across many banks and coincides with the sector’s crucial half-yearly closing period.
The strike has been called by the United Forum of Bank Unions (UFBU), which claims to represent nearly 90 per cent of the country’s banking workforce.
The unions are pressing for the implementation of a five-day banking week, along with pension-related reforms and other employee welfare measures.
In a bid to reduce inconvenience to customers, the government has directed public sector banks to remain open on Sunday, September 27, enabling customers to complete urgent transactions before the strike begins.
State Bank of India (SBI) has issued an advisory stating that while it will make efforts to maintain essential services at branches and offices, some banking operations could be affected during the strike period.
The bank has urged customers to complete critical transactions ahead of time and make use of digital banking channels, including YONO, internet banking, mobile banking, UPI, ATMs and cash deposit machines, wherever possible.
Bank of India has also alerted customers about the planned strike and advised them to rely on the bank’s round-the-clock digital platforms such as internet banking, mobile banking, ATMs, business correspondent points and UPI services for their banking requirements.
Regional Rural Banks (RRBs) are also expected to participate in the agitation, potentially widening the impact on banking services across the country.
However, new-generation private sector banks such as ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank are expected to continue normal operations, offering customers an alternative for routine banking services during the strike period.
Earlier this week, the Finance Ministry appealed to bank employees’ unions to avoid the strike and resolve pending issues through dialogue. The ministry maintained that a majority of the concerns raised by the unions have already been substantially addressed.
