The year 2024 may prove to be an important change for bank employees. If the Finance Ministry gives its consent, then by June, banks may have 5 working days and also a salary hike. United Forum of Bank Unions, an association representing bank employee unions, wrote a letter to Finance Minister Nirmala Sitharaman recommending a five-day working week in banks.
The year 2024 may prove to be an important change for bank employees. If the Finance Ministry gives its consent, then by June, banks may have 5 working days and also a salary hike. United Forum of Bank Unions, the association representing bank employee unions, has written a letter to Finance Minister Nirmala Sitharaman recommending a five-day working week in banks. At present banks remain closed on the second and fourth Saturday of every month. According to the agreement made in the year 2015 in India, banks remain closed every Sunday and second and fourth Saturday.
There will be working in banks for 5 days
In its proposal, the United Forum of Bank Unions has assured that getting permission to work for five days will not reduce the total banking expenses. There will be no reduction in total banking hours for customers or total working hours for employees and executives. This stance is in accordance with the agreement reached with the Indian Banks Association.
You will get 2 holidays in a week
The association has requested the Finance Minister to review the matter on a positive note and direct the Indian Banks Association to proceed accordingly. United Forum of Bank Unions said that five-day week is already in practice in RBI and LIC. The Bank Employees Union said that during the 2015 agreement, it was agreed that after implementing the provision of holidays on two Saturdays in a month, our demand to declare the remaining 2 Saturdays as holidays would be considered. Will go.
Salary of bank employees will increase
The Memorandum of Understanding (MOU) signed between the Indian Banks’ Association and bank employee unions last year resulted in an agreement for a 17% wage hike across all public sector banks in India, amounting to Rs 12,449 crore. This increase will benefit about nine lakh employees, including 3.8 lakh officers, in PSU banks like SBI and old generation private sector banks. An office memorandum has been signed between representatives of the Indian Banks Association and employee unions with a commitment to finalize the salary revision within 180 days.
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