5 Days Working in Bank: Will banks start opening for only 5 days from December? This is a big question that has been in the minds of crores of bank customers and bank employees for a long time. Bank employees have been advocating for 5 days working in banks for a long time.
5 Days Working in Bank: Will banks start opening only for 5 days from December? This is a big question that has been in the minds of crores of bank customers and bank employees for a long time. Bank employees have been advocating for 5 days of work in banks for a long time. However, in lieu of reducing 2 Saturdays, banks will have to work 40 minutes extra every day. There have been many discussions between the Bank Employees Association, RBI and government officials regarding working for 5 days in banks. A decision is to be taken on this in the month of December. Know here whether banks will work for 5 days in December soon?
What is the proposal to make banks work for 5 days in a week?
Till now, banks are closed on all Sundays, second and fourth Saturdays in the country. Right now banks get a holiday except for one Saturday. That is, one Saturday has to be worked and the next Saturday is working. Now bank employees and bank unions have been insisting on a 5-day working week for a long time. That is, banks should work from Monday to Friday and all Saturdays and Sundays will be a holiday in banks. That is, bank employees are demanding 8 holidays instead of 6 in a month. For this, an agreement has been reached between the bank employee unions and the Indian Banks Association (IBA).
Will this be the new time for opening and closing of all private-public sector bank branches?
According to reports, if the government approves this proposal, banking hours can be increased by 40 minutes. With this, bank branches will be open from 9:45 am to 5:30 pm. Currently, most banks open till 10 am. Public dealing takes place till 4 pm. The unions have assured that the implementation of 5-day working will not affect customer service. The working hours of bank employees will be increased by about 40 minutes per day.
Joint note has been signed in March 2024
The 9th joint note has been signed between IBA and bank unions in March 2024. This also includes a proposal for working 5 days a week. However, banks will open only for 5 days, to implement this, the approval of the Ministry of Finance and the Reserve Bank of India (RBI) is required.
Will 5 days work start in banks from December
The demand for a 5-day working week for bank employees seems difficult to be fulfilled in December. The All India Bank Officers Confederation (AIBOC) has expressed displeasure over this and has said that it will soon plan a movement. AIBOC General Secretary Rupam Roy said that there has been no indication from the government yet about making a 5-day working week. We have urged all our associate unions and the United Forum of Bank Unions (UFBU) to join the movement. AIBOC has appealed to the government and the Prime Minister’s Office to give priority to this proposal. The union has said that this is not only necessary for the welfare of the employees, but it will also improve the level of functioning of the banking sector.
