Govt proposal for 5 days Banking

As far as I received information regarding the 5-Day Banking:*

1. Govt has declined the proposal of 40mins extra working time in 5 days. DFS asked for an alternative as stakeholders are not ready for it.

2. There is a proposal of existing Saturday (1st and 3rd) as usual opening and on those Saturdays staff will come on rotation basis which means 5day for staff but 6day for customers.

3. There is another proposal of 7-day banking from DFS. Staff will come on a rotation basis and will work for 5 days but the bank will be opened for 7 days. (This is quite impossible because there are not sufficient staffs in small banks)

Govt is insisting on number 3, so that *merger* can get effective and staff shortage will not be any barrier to the proposal, but they are not ready to recruit more staff in the banking sector rather they are asking to promote digital system and Alternate channels.

So like bipartite settlement, a committee has been formed so that they can talk to the stakeholders for an alternative solution to implement 5 day banking asap..

Govt has also craftily included customers to the list of stakeholders, and we know that the majority of customers don't want this.

So, the first meeting of this committee is very important and let's see what comes out...

For 5 days banking 47 meeting already gone..... How many ufbu need?

For 5 days banking and PLI issue a high level meeting willl be held tomorrow

Strike Deferred

Enhancement of gratuity celling from 20 lakh to 25 lakh for banks employees

Please Speak for the Banking Workforce*

To

The MDs & CEOs

All Public Sector Banks of India

 *Subject: An Appeal from Your Junior Colleagues - Please Speak for the Banking Workforce* 

Sir/Madam,

There was a time when the leadership of nationalised banks came from outside the banking workforce. Today, many of our MDs & CEOs have risen through the very system they now lead.

This change happened because generations of bank employees built and strengthened the Public Sector Banking system.

Therefore, we believe you understand the ground realities better than anyone else.

 *Today, however, your junior colleagues are deeply pained to see our justified demands being questioned, vilified and, at times, met with threats.* 

You know the reality inside our branches.

 *There are virtually no fixed working hours.

A banker's day may begin around 10 AM and continue for another 10–12 hours. Targets, compliance, business development, audits, recovery, government schemes and customer service have all increased enormously.* 

 *And behind these numbers are human beings and families.* 

The consequences are visible in the growing stress, fatigue and health concerns across the workforce.

We cannot build a strong banking system on an exhausted workforce.

This is why 5-Day Banking is not a demand to work less.

WE DON'T WANT TO WORK LESS.

WE WANT TO WORK BETTER.

Five-day banking can provide employees with the much-needed two-day weekly rest while allowing better planning, productivity and work-life balance.

We therefore appeal to you:

Please speak to the DFS.

Please speak to the Government.

Please tell them the ground reality.

 *Please convey the sentiments of nearly 8 lakh bank employees and their families.* 

You are not outsiders to this system.

You have grown through this system.

You know its pressures.

You know its people.

 *Today, your junior colleagues look towards you.* 

STAND WITH YOUR WORKFORCE.

SPEAK FOR THE BANKING SYSTEM.

SUPPORT 5-DAY BANKING.

Because a stronger banking system begins with a healthier workforce.

The government never committed to a five-day workweek for banks

The government never committed to a five-day workweek for banks and the issue was not discussed during wage settlement negotiations, a finance ministry source said.

The clarification comes days before bank employees go on a nationwide three-day strike, starting September 28, in support of the demand.

Bank unions claim the industry body agreed to a five-day week, with Saturdays declared holidays, as part of a wage settlement signed in March 2024.

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#Bank #FinanceMinistry