look news india
News India Live, Digital Desk: Good News for Bank Employees: The Indian banking sector is going to have a big and much awaited change very soon. The news is coming that now the rules of ‘five days work and two days holiday’ can be applicable in banks, which will provide great relief to millions of bank employees. The Indian Bank Association (IBA) has given its consent to this important proposal, and now it is just waiting for the final approval of the Central Government and the Finance Ministry.
Actually, this demand was being made by the United Forum of Bank Unions (UFBU) for a long time. He argued that bank workers should get better work-life balance and health facilities, as they also do a long and stressful service. At present, Indian banks are closed on the second and fourth Saturdays of every month, but all Saturdays will get a holiday as soon as the new rule is implemented. This simply means that all four or five Saturdays in the month will now be considered as holidays, and banks will work only from Monday to Friday.
With this new rule, bank employees will get enough time for their personal and social activities, which will improve their mental and physical health. A similar functioning is already applicable in Life Insurance Corporation (LIC), where employees work only five days a week.
However, this change will also have a direct impact on bank customers. They will now have to plan more for their bank related work. For example, they will be able to go only five days a week for works like cash deposits or withdrawal, check clearance, or passbook update. In such a situation, the importance of online banking, mobile banking, ATM and other digital payment platforms will increase even more. People will now have to prioritize digital transactions so that they do not have any problem when the bank is closed.
The good thing is that this new system will not adversely affect the salary or hours of work of employees. There have already been several rounds of talks about the increment, which is different. This rule focuses only on increasing their holiday days. After the government’s approval, it will prove to be a milestone in India’s banking industry, which will give priority to the welfare of the employees.