look news india
Bank employees 5 Days Working: Due to Independence Day on 15th August, all banks are closed on Thursday. After 15th August, regular work will be done in banks on 16th and 17th August i.e. Friday and Saturday. This time bank employees have not got a long weekend. Only corporate employees have got a long weekend. In such a situation, most of the bank employees are wondering when will they get a chance to work for 5 days? Bank employees have been demanding to work for 5 days for a long time. It is expected that the government can fulfill their demand by this month.
When will banks start working for 5 days?
An agreement has been reached between the Indian Banks Association (IBA) and employee unions regarding 2 days leave in a week for bank employees. Now this agreement is yet to get the approval of the government. It is believed that the government may announce 5 days work at the end of the year 2024 i.e. in December. If this happens, then banks will open only for five days in a week i.e. from Monday to Friday. Till now banks are closed on all Sundays, second and fourth Saturdays.
Will the government give approval by this month?
The hopes of a 5-day working week for bank employees have increased. In December 2023, an agreement was reached between the Indian Banks Association (IBA) and bank unions regarding this proposal, which included both public and private banks. Under this agreement, a framework for a 5-day working week was set in the banking sector, which is yet to get government approval. In March 2024, IBA and bank unions signed the 9th joint note, which included 5-day working with Saturday and Sunday off. Now this proposal is awaiting government approval.
Will the 5-day working system be implemented from this month?
According to sources, the government may give its approval to this proposal by the end of this month or in early 2025. If this proposal is approved, then Saturday will also be recognized as an official holiday. Along with this, this issue will also be discussed with the Reserve Bank of India (RBI), as it controls the hours and internal functioning of banking.
Will this be the new time for opening and closing of bank branches?
According to reports, if the government approves this proposal, banking hours can be increased by 40 minutes. This will keep bank branches open from 9:45 am to 5:30 pm. Currently, most banks open till 10 am. Public dealing takes place till 4 pm. Banks are closed on the second and fourth Saturdays, but if this new rule comes into effect, all Saturdays can be declared holidays. Bank employees and unions have been demanding a 5-day working week for a long time and now they hope that the government will soon take a final decision on this, which will start a new chapter in the banking sector.
