Banks strike: Transactions to be affected for 5 days
New Delhi, Dec 20: Banking services could be severely affected around Christmas as members of Indian Bank's Association (IBA) have proposed a two-day strike to protest the merger of public sector banks.
Banks may remain closed for 5 days
December 21 being a Friday, bank services will be severely hit till December 26 -- except for December 24 which is Monday -- as bankers will enjoy weekends holidays as well as Christmas on December 25. Banks will remain closed on December 22 as being the second Saturday.
Why are bank officials planning a strike
The All India Bank Officers Confederation (AIBOC) said the strike call on December 21 against Indian Banks' Associations move to leave officers in scale IV and above out of the bipartite wage settlement ambit.
"We demand full and complete mandate for officers (Scale I to VII) wage revision in 11th bipartite settlement," AIBOC said in its bank strike notice, a copy of which was marked to the Chief Labour Commissioner in New Delhi.
ATM operations likely to stay unaffected
ATM machine operations may remain unaffected on December 21, the day that the All-India Bank Officers Confederation (AIBOC) has called a strike, an official of the association said on Wednesday.
"We
will
not
use
any
force
to
close
the
ATMs.
The
employees
engaged
in
ATMs
are
not
controlled
by
the
officers'
bodies," AIBOC
assistant
general
secretary
Sanjay
Das
said.
However,
ATM
operations
may
be
hit
on
December
26,
the
day
the
United
Forum
of
Bank
Unions
(UFBU)
has
called
a
strike.
Bank forum to protest BoB, Dena and Vijaya Bank merger on Dec 26
Bankers are also opposing the amalgamation of Vijaya Bank, Dena Bank and Bank of Baroda, merger of regional rural banks, attack and assault on bank officers, reduction in existing medical benefits and hike in insurance premium of retirees.
Now that you know how the week after December 20 will pan out, remember to schedule your banking activities accordingly.