*Important Information*
Today there have been lot of queries regarding 5 day banking and it's implementation. As per discussion with higher leadership it is confirmed that 5 day banking is confirmed and affirmative letter is send by IBA to Finance Ministry after yesterday's meeting. IBA is asking for more time increase but union is agreeing on 30 to 35 minute Increase .
Nothing has been finalised in written about wheather time is to be increased in morning or evening .
This process need to be passed in parliamentary committe which need minimum notice of 90 days. Clearance need to be taken from 2 to 3 departments which include RBI . Negotiable instrument act sub section 25 need to be ammended and changes in rtgs/neft days need to be done too .
*If we take into consideration that yesterday some finalisation has been done still it could not get applicable before 1 June as per 90 days notice period rule.*
So have patience guys . We will achieve 5 day Banking but it will take some more time .
Regards🤞🤞🤞🤞🤞🤞
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