Hyderabad: Bank employees across India went on a one day nationwide strike on Friday following a call by the United Forum of Bank Unions, demanding implementation of a five day work week.
The bank strike today has led to the closure of major public sector banks including State Bank of India, Punjab National Bank, Canara Bank, and Indian Bank. As a result, branch based services such as deposits, withdrawals, and cheque clearing have come to a halt.
The bank strike today has come between the January 25 Sunday holiday and the January 26 Republic Day holiday. Therefore, banking services are disrupted for three consecutive days.
Private banks have not shut operations completely. However, due to staff shortages, services remain limited at several branches. Digital banking platforms including net banking, UPI, PhonePe, Google Pay, and Paytm continue to function normally.
Cheque clearances, cash deposits, and branch transactions are expected to face delays. Moreover, ATM cash replenishment may also be affected during the strike period.
Bank unions have been demanding a five day work week with holidays on all Saturdays since 2015. They argue that similar systems exist in several countries and say the move will improve work life balance for employees.
As earlier negotiations failed to reach a consensus, unions announced the bank strike today. Customers have been advised to rely on digital transactions and plan branch related work in advance, as delays are expected.
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