Bank strike: Banking services may halt for 6 consecutive days in March

The customers are most likely to face a lot of inconveniences as bank employees are planning to go on a three-day strike in March – the third such strike in 2020 alone.

Bank Strike

The Bank Employees Federation of India (BEFI) and All India Bank Employees’ Association (AIBEA) have announced a nationwide strike from March 11-13.

Reportedly, the strike this time has been called as the latest discussion between the Indian Banks’ Association (IBA) failed to meet unions’ demands. A 12.5 percent hike offered by IBA has been rejected, however, the unions are demanding a 20 percent hike on employees’ payslip components.

For customers, the Bank strike would be a halt in services for six consecutive days since it comes right before the second Saturday of the month, a holiday for banks.  In addition, March 10 is also a holiday on account of Holi. Thus, services would take a hit from March 10-15.

Previously, bank employees had called for a strike and participated in the Bharat Bandh held on January 8 and the two-day strike on January 31 and February 1

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