Budget 5 Days Working in Bank: Will bank employees get relief in the budget? Will the government announce that banks will remain open for five days in the budget? Bank employees have been demanding five days working from the government for a long time
Budget 5 Days Working in Bank: Will bank employees get relief in the budget? Will the government announce that banks will remain open for five days in the budget? Bank employees have been demanding five days working from the government for a long time. This is a big question in the minds of crores of bank customers and bank employees for a long time that will the government give banks 2 days off in a week? If this happens, then banks will have to work 40 minutes extra in the branch every day. Till now, banks work on the first and third Saturdays. Banks remain closed on the second and fourth Saturdays. There have been many discussions between the Bank Employees Association, RBI and government officials regarding working 5 days in banks. However, now it has to be seen whether the government will announce this in the budget or not?
Will banks work 5 days a week after the budget?
Till now, banks are closed on all Sundays, second and fourth Saturdays in the country. Banks get holidays except one Saturday. That is, one Saturday has to be worked and the next Saturday is working. Bank employees and bank unions have been demanding a 5-day working week for a long time. That is, banks will work from Monday to Friday and all Saturdays and Sundays will be holidays. That is, bank employees are demanding 8 holidays instead of 6 in a month. For this, an agreement has been reached between bank employee unions and Indian Banks Association (IBA). Now this entire matter is pending with the government and RBI.
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Will this be the new time for opening and closing of bank branches of private-public sector banks after the budget?
According to reports, if the government approves this proposal, then banking hours will increase by 40 minutes. If this happens, bank branches will open from 9:45 am. Which currently opens for public dealing at 10 am. That is, the bank branch will open for the public 15 minutes before its regular time. In the evening, the bank branch will close by 5:30 pm. Which is currently open till 5 pm. Currently, most banks are opened for public dealing from 10 am to 4 pm. Unions say that the implementation of 5 days working will not affect customer service. The working hours of bank employees can be increased by about 40 to 45 minutes per day.
Government approval awaited
The 9th joint note has been signed between IBA and bank unions in March 2024. It proposes working for 5 days a week. However, banks will open only for 5 days right now. To implement this, approval of the Finance Ministry and the Reserve Bank of India (RBI) is required. Bank employees are hoping that the government will announce 5 days working in the budget.
The government will present the budget on February 1
The Modi government at the Center will present its budget on February 1, 2025. This budget will be the first full budget of the third term of the Modi government. This budget will be presented in Parliament by Finance Minister Nirmala Sitharaman.
