Banks 5 Day Working: Media reports have claimed that RBI has approved 5 day working from April 1. PIB Fact Check said that no such order has been passed by the government or RBI.
Banks 5 Day Working: Bank employees and their unions have been demanding for a long time that only 5 day working should be approved in banks. Regarding this, bank unions are constantly reaching their demands to the government in different ways. Even a nationwide strike has been announced for this on 24-25 March. However, amidst all this, some media reports quoted RBI as saying that 5 day working has been approved in banks from April 1. After which banks will remain closed every Saturday and Sunday. Now the government itself has revealed how much truth is there in this claim.
What is the truth of 5 day working order?
Actually, media reports have claimed that RBI has approved 5-day working from April 1. Soon after these news came out, the government’s fact checking agency investigated these claims. PIB Fact Check said that no such order has been passed by the government or RBI.
A news report by Lokmat Times claims that starting from April, banks across the country would operate 5 days a week, following a new regulation issued by @RBI #PIBFactCheck
▶️This claim is #Fake
▶️For official information related with Reserve Bank of India, visit :… pic.twitter.com/MrZHhMQ0dK
— PIB Fact Check (@PIBFactCheck) March 20, 2025
Let us tell you that before this, the United Forum of Bank Unions (UFBU) has announced a nationwide two-day bank strike on 24 and 25 March 2025 regarding 5-day working in banks and its other demands. Due to which there will be no work in banks from March 22 to March 25. Because Saturday and Sunday are already weekly holidays.
What is the demand of the union?
UFBU This strike is being done with major demands like adequate recruitment in all cadres, regularization of temporary employees, and implementation of five-day work week in the banking sector. UFBU consists of nine major bank unions, which represent more than eight lakh employees and officers of public sector, private sector, foreign banks, cooperative banks and regional rural banks.
Bank unions demand that adequate staff should be appointed in all branches, so that customers can get better service and the existing staff does not have excessive workload. Apart from this, there is a demand to regularize temporary employees, implement a five-day work week, and withdraw the Performance Review and Productivity Linked Incentive (PLI) scheme recently released by the government. The union says that these policies threaten job security, create discrimination between employees and officers, and undermine the autonomy of public sector banks.
Apart from this, demands include ensuring the safety of bank officers and employees, filling the posts of labor and officer directors, resolution of pending issues with the Indian Banks Association (IBA), and amending the Gratuity Act to increase the maximum limit to Rs 25 lakh. The union has also demanded that income tax should not be levied on the staff welfare benefits given to the employees and the bank management should bear it.
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