Big news has come for government bank employees. The meeting has started on all the pending issues including working 5 days a week and salary hike. According to sources, there will also be a discussion between Bank Unions and Banks Association on providing cheap health insurance to retired bankers.
First meeting regarding 5 days working in government banks:
Let us tell you that bank unions have been demanding 5 working days for a long time. This demand had caught hold since the government implemented the rule of 5 working days in the Life Insurance Corporation of India. Management (IBA) will do Negotiation with Bank Unions (UFBU).
Wage Revision and Affordable Health Insurance are also on the agenda of the meeting. Wage revision of bank employees is due from November 1 last year.
What is the rule regarding leave now? At present, bank employees get a holiday every Sunday and second-fourth Saturday. Holidays are available according to the festival of every state. The list of holidays is prepared by the Reserve Bank of India (RBI). However, the online service remains operational even on holidays.
What will happen now? According to information received by sources from CNBC Awaaz, the Finance Ministry has no objection to this demand of two days off and five days of work in banks. The Indian Banking Association had sent a proposal to the government regarding this demand. According to the proposal, daily working time for bank employees will be increased by 40 minutes. Notification can be issued with wage board revision. Notification can be issued under section 25 of the Negotiable Instrument Act.
