Alert! Banks to conduct strike next week, Know dates, details

Customers who have any urgent bank-related work or an important bank transaction are advised to finish it before the coming week, as the banks in several parts of India will remain closed for the next week.

It must be noted that all the online banking activities and mobile transactions will remain uninterrupted during this time, but customers will not be able to visit the banks physically for any sort of important work, as several branches will remain closed.

The United Forum of Bank Unions have called for a two-day nation wide strike on December 16 (Thursday) and December 17 (Friday).  The strike has been called to protest due to the proposed privatization of banks by introducing the Banking Laws (Amendment) Bill 2021.

This bill will reportedly bring down the minimum government holding in the PSBs from 51% to 26%.

In the Union Budget presented in February, finance minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Association (AIBOA) and Bank Employees Confederation of India (BEFI).

Others are Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO).

All customers must note that the banks will not remain closed for all four days in all the states of India. Apart from the two-day bank strike, the banks will only be closed for the other two days in several states due to locally observed holidays.

List of bank holidays next week

  • December 16- Bank union strike
  • December 17- Bank union strike
  • December 18- Death Anniversary of U SoSo Tham (in Shillong)
  • December 19- Sunday
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