look news india
Bank employees have been working for a long time, 5 days. Were demanding. Till now the government has not approved this demand of the employees, but it is expected that by the end of this year the government can fulfill this demand. In fact, recently an agreement has been reached between the Indian Banks Association (IBA) and employee unions. Now only the government’s approval is awaited.
If the government gives approval, banks will open only five days a week. This means that banks will remain closed on Saturday and Sunday. Let us tell you that at present banks are closed on the second-fourth Saturday and every Sunday of every month. Apart from this, banks also remain closed in many cities due to festivals.
Important role of RBI with the government
The government and the Reserve Bank of India (RBI) have an important role in approving the bank’s 5 working days. Actually, this proposal of the bank will go to RBI because RBI controls all the work related to the bank. The government will approve the proposal only after getting approval from RBI.
There will be change in the working hours of the bank also
According to media reports, if the bank gets approval for 5 working days, then the working hours of the bank will also change. It is believed that daily working hours may increase by 40 minutes. This means that banks will remain open from 9.45 am to 5.30 pm. Currently banks are open from 10 am to 5 pm.
- Bank opening time- 9.45 am
- Bank closing time – 5.30 pm
when will the notification come
It is expected that the government may issue a notification by the end of the year or in the beginning of 2025. If approval is obtained from the government, then Saturday can be recognized as a holiday under the Negotiable Instruments Act.