Alert! Bank Operations to be affected from March 10-16

Bank Employee Federation of India (BEFI) and All India Bank Employees’ Association (AIBEA) will hold three-day nationwide strike over wage hike from March 11-13.

Apart from Holi holiday on March 10, the banking operations will be hit on second Saturday (March 15) of the month. In total, operations could be affected from March 10-16.

It is to be noted that the March 11-13 strike would be the third bank strike in 2020. The first strike was observed on January 8, 2020, along with nationwide Bandh. After that, the unions held a two-day strike from January 31-February 1.

This time, the strike has been timed ahead of the second Saturday of March when banks observe a holiday i.e. March 15. This means it can affect the customers for five consecutive days closing the banks and even ATMs for five consecutive days.

However, the strike would majorly affect the customers of public sector banks like State Bank of India, Bank of Baroda etc. Operations of private banks will not be affected due to the strike.

Also note that the unions have again called for an indefinite all-India bank strike from April 1 this year, if their demands are not met.


Government bank employee may go on 2-day strike from Jan 31

Government bank employees from State Bank of India and other Public Sector Banks may go on strike from 31st January 2020. SBI has informed its customers that operations may be impacted due to proposed 2-day nationwide strike.

The PSU banks have threatened to go on a nationwide strike to protest for early wage revision. This strike has been given by the umbrella body of the nine bank unions, the United Forum of Bank Unions. This body includes unions like All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers.

The unions had a meeting with the Chief Labour Commissioner on Monday which went inconclusive following which the unions decided not to take back the strike notice.

The revision of wages for employee of public sector banks employee is pending since November 2017. The AIBEA general secretary C H Venkatachalam has appealed to the banking customers to bear with the disruption in the services due to the strike.



Banks closed for five days in a row later this week

Banking services will be hit later this week for five days in a row since four bank unions have given a strike call from 25th September to 27th September protesting against the amalgamation of 10 public sector banks.

The strike has been announced on 26 (Thursday) and 27 (Friday) September and 28th and 29th being fourth Saturday and Sunday (bank holidays), there will be no work in the banks for four days.

Further, September 30 is the day of half-yearly closing, therefore public dealing might be affected.

This long closure of banks might also affect ATM cash availability. Since ATMs have two days of cash capacity, it may face cash shortfall after 2 days since no cash will be added to the ATMs due to the bank being closed.

However, not all bank employees may participate in the strike and the private banks may be functioning normally.