5 Day working for Bank Employees: Bank employees can soon get a weekly holiday of 2 days a week. According to media reports, the Indian Banks’ Association (IBA) is considering the demand of bank unions for 5 days working and 2 days leave.
However, it is also being said in the report that by working 5 days a week, the working hours can be increased by 40 minutes daily. At present, the bank employee gets a day off on Saturday after leaving one week. If this rule is accepted then bank employees will get 8 days leave in a month instead of 6 days weekly leave.
Every Saturday and Sunday will be off
Negotiations are going on between IBA and United Forum of Bank Employees (UFBI) for 5 working days in a week and 2 days off. According to reports, the association has agreed in principle to work for 5 days a week. S Nagarajan, general secretary of the All India Bank Officers’ Association (IIBOA), has told The Times of India that the government will have to notify all Saturdays as holidays under Section 25 of the Negotiable Instruments Act. At present, bank employees get a holiday on the second and fourth Saturdays of the month.
working hours will increase
He said that the government as the owner of public sector banks also has a say. RBI also needs to accept the proposal. According to the report, the employees will need to work 40 minutes more daily from 9.45 am to 5.30 pm.
Banks will remain closed for 12 days in March 2023
Banks will remain closed for 12 days including second and fourth Saturdays and Sundays in the month of March. While some bank holidays will be across the country, some will be local holidays, that is, according to the festival celebrated in the state. All banks remain closed on public holidays. Some banks celebrate regional festivals and holidays, so banks are closed on that day in that state. There are many festivals in the month of March 2023 like Holi, Chaitra Navratri, Ram Navami etc.
