Strike Alert: Banks likely to be closed for 5 days from 21 to 26 December

Planning to complete your bank related formalities after December 20? You may have to change your plan. As per the industry updates, banks across India are likely to observe bandh on December 21 and 26 and due to the bank holidays in between, lenders would be closed for five days.

bank_strikeReports suggest that a bank union has given a call for an all India bank strike on December 26, but a bank officers’ union too has, separately, threatened another strike on December 21.

The strike lined up on December 21 would severely hamper the banking services around Christmas holidays. The All India Bank Officers Confederation (AIBOC) has notified that the strike call on December 21 has been given against Indian Banks’ Associations move to exclude officers in scale IV and above out of the bipartite wage settlement ambit.

If the strike on December 21 is observed then the banking formalities would be hampered for the common populace, as December 22 (fourth Saturday), December 23 (Sunday), December 25 are already the prescribed bank holidays. The strikes on December 21 and 26 would disturb services drastically in these days, barring December 24 (Monday).

December 21 strike is announced by AIBOC citing the issue of wage revision in the 11th bipartite settlement, is demanding salary upgrade as per charter of demands, five days week working days, full mandate for officers up to Scale VII, restricting sales of third-party products and scrapping of NPS.

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