Bank strike alert: Government gears up with alternative arrangements
Bank customers could face difficulties accessing branch-based services at the end of September as a nationwide three-day strike is scheduled from September 28 to 30.
The proposed strike by the United Forum of Bank Unions comes immediately after the weekend and the half-yearly closing period for banks.
The UFBU, which says it represents about 90% of bank employees, is seeking several changes, including a five-day working week and uniform pension-related provisions across the banking sector.
To reduce disruption, the government has brought forward the payment of September salaries, wages and pensions for central government employees.
Under instructions issued by the Controller General of Accounts, these payments can be processed on Friday, September 25, rather than the usual schedule.
The arrangement covers central government employees, including personnel working in Defence, Posts and Telecommunications. Central government pensioners can also receive their September pension on September 25.
Any necessary adjustment after the final monthly figures are calculated will be made through the October payment.
Departments have also been advised to complete banking transactions due near the end of September ahead of the disruption wherever possible.
In another measure aimed at reducing the impact of the strike, banks, including Regional Rural Banks, have been instructed to keep branches open on Sunday, September 27.
The Reserve Bank of India has approved the operation of bank branches, offices, currency chests and ATM-linked facilities on the day.
The additional working day comes before the three-day strike and follows the September 26-27 weekend. Customers have been advised not to postpone essential branch transactions until the last minute.
Banks are also encouraging customers to use digital services, including internet banking, mobile banking and UPI, wherever possible. ATMs and Business Correspondent outlets may also remain useful for eligible transactions.
Banks have been asked to maintain adequate cash supplies at ATMs during the strike period.