UFBU STRIKE NOTICE — CONCILIATION PROCESS STARTS ⚡

🚨 CLC MEET :BIG UPDATE FOR BANKERS! 🚨

⚡ UFBU STRIKE NOTICE — CONCILIATION PROCESS STARTS ⚡

The Office of Chief Labour Commissioner (Central) has officially taken up the matter of the strike notice served by the 7 constituent unions of UFBU.

📌 Strike Programme: 🔴 11 September 2026 — All India Strike

🔴 28–30 September 2026 — 3 Days Strike

🔴 From 26 October 2026 — CONTINUOUS STRIKE

📄 The notice confirms that the matter has been seized into conciliation under Section 53(1) of the Industrial Relations Code, 2020.

🗓️ Conciliation Meeting:

07 September 2026 | 11:30 AM onwards

📍 Conference Room, Shramev Jayate Bhawan, Sector-10, Dwarka, New Delhi

🔥 NOW THE BALL IS IN THE COURT OF CONCILIATION!

This is not just another meeting.

Bankers are waiting for CONCRETE & FINAL SOLUTIONS on their long-pending demands.

✊ 5 DAYS BANKING

✊ FAIR & UNIFORM PLI

✊ PENDING & RESIDUAL ISSUES

✊ JUSTICE FOR BANK EMPLOYEES

❓Will the conciliation process bring a breakthrough?

❓Will the strike programme continue?

❓Will IBA/DFS finally address the genuine demands of bankers?

7 Unions. One Forum. One Voice. ✊

🔥 BANKERS MUST STAY UNITE

D! 🔥

#UFBU #BankStrike #Bankers #5DayBanking #PLI #BankEmployees #AIBEA #AIBOC #NCBE #AIBOA #BEFI #INBOC #INBEF #BankingSector #BankersUnity #StrikeNotice

#finance

5-Day Banking — Declare It Now!*

*There should be NO meeting or discussion with IBA on the issue of 5-Day Banking before its declaration.*

Our stand should be very clear: 5-Day Banking must be declared first, and only thereafter should any meeting or discussion take place.

Further, the PLI already credited to Scale IV and above should also be reversed/kept in abeyance until IBA and UFBU arrive at a final decision on the pending issues.

We have had enough of assurances and discussions. Now is the time for a clear and concrete decision, not another round of meetings. 

*NO MEETING BEFORE THE DECLARATION OF 5-DAY BANKING.*

*FIRST DECLARE 5-DAY BANKING, THEN DISCUSSION.*

*REVERSE/KEEP THE PLI OF SCALE IV & ABOVE IN ABEYANCE UNTIL A FINAL DECISION IS REACHED.*

✊ *5-Day Banking — Declare It Now!*

Expected DA for Bankers from November 2026

Expected DA Calculation Updated on 31.08.26 on the basis of CPI for the month of Jul'26 with the assumptions of CPI for the months of Aug'26 & Sep'26. The CPI for the month of Jul'26 announced on 31.08.26 as 153.20 with an increase of 1.30 points from Jun'26. (as per revised base year 2016) (The base year was changed from Oct 2020)

1. Keeping in view of recent CPI announced , we may assume there would be an increase in CPI index by 1.40 points in the month of Aug'26 and 1.20 points in the month of Sep'26. Accordingly, on this assumption, we may expect there would be an increase of 3.67% DA in terms of 12th BPS on revised pay. Total 31.50% DA will become payable from Nov 2026
2. On assumptions if there is an increase in CPI index by 1.30 points in the month of Aug'26 and 1.10 points in the month of Sep'26, we may expect there would be be an increase of 3.57% DA in terms of 12th BPS on revised pay. Total 31.40 percentage of DA will become payable from Nov 2026
3. On assumptions if there is an increase in CPI index by 1.20 points in the month of Aug'26 and 1.00 points in the month of Sep'26, we may expect there would be be an increase of 3.51% DA in terms of 12th BPS on revised pay. Total 31.34 percentage of DA will become payable from Nov 2026

Banker's Demanad is right demands

🇮🇳INDIAN ECONOMY 🇮🇳

🏦 Public Sector Banks given — Profit as of March 2026: ₹1.98 Lakh Crore

Despite this remarkable contribution to the nation’s economy, the Government continues to ignore the genuine demands of bankers.

✊ Bankers deserve recognition, respect and justice.

HONOUR THE COMMITMENT — IMPLEMENT 5-DAY BANKING

@PMOIndia

@nsitharaman

@narendramodi

#5DayWeekAndFairPLI

#5DaysBanking

#BankersAreBackbone

Public-sector banks more efficient than private sector banks

11th, 28th,29th and 30th September Bank Strike

Mega merger in banking Industry waiting

Public Sector Banks (PSBs) are being reorganized into three major bank groups as per the new plan announced by the Government of India and the RBI.

Updated Bank Groups:

*SBI Group*:

SBI + Bank of Maharashtra + UCO Bank + Punjab & Sind Bank

*Canara Bank Group*:

Canara Bank + Union Bank of India + Indian Bank + Bank of India

*PNB Group*:

PNB + Bank of Baroda + Central Bank of India + Indian Overseas Bank

This PSB restructuring plan is expected to be implemented soon by the Government of India and the RBI. This is for information,,

UFBU Signals Indefinite Strike Over 5-Day Banking, PLI and Other Issues

UFBU Signals Indefinite Strike Over 5-Day Banking, PLI and Other Issues

UFBU is working on an agitation programme covering five-day banking, PLI and other pending issues. The proposed programme could include indefinite strike action and massive demonstrations, with the detailed schedule awaited.

The United Forum of Bank Unions (UFBU) is preparing an extensive agitation programme on key pending banking sector issues, including five-day banking, the Performance Linked Incentive (PLI) scheme and other residual issues.

According to information shared with Kanal, the proposed programme could include indefinite strike action along with massive demonstrations. The detailed programme is currently being worked out and is expected to be announced soon.

Speaking to Kanal after the UFBU meeting, Prem Makker, General Secretary, INBOC, said “We will have extensive strike action programmes including indefinite strike action on issues of 5 days, PLI and other residual issues.” 

He further said, “Detailed programmes including massive demonstrations programme are being worked out and announced by tomorrow hopefully.” 

UFBU is preparing an agitation programme covering five-day banking, PLI and other residual issues, with indefinite strike action also indicated. The formal announcement will provide further details on the exact dates and scope of the proposed industrial action. 

Bipartite meeting with IBA

Number of Branch closed by public sector banks during the last 5 years

Enhancement of gratuity celling from 20 lakh to 25 lakh

Historic Reform for India's Banking Sector!

🏦 Historic Reform for India's Banking Sector! 🇮🇳

The Lok Sabha has passed the Bankers' Books Evidence Bill, 2026, replacing the 135-year-old Bankers' Books Evidence Act, 1891.

📌 What changes?

✅ Digital & electronic bank records are now legally valid evidence in courts.

✅ Cloud-based, virtual, and future digital banking records are officially recognized.

✅ Certified electronic copies have the same legal status as certified paper records.

✅ Authentication through manual, electronic, or digital signatures is allowed.

✅ Banks can submit records in electronic or physical form, helping speed up legal proceedings.

✅ The Central Government can extend these provisions to other financial institutions if needed.

💡 Why is this important?

The old law was made in 1891, when banking was entirely paper-based. This new legislation modernizes India's legal framework for the digital banking era, reduces paperwork, improves operational efficiency, and supports faster resolution of court cases involving bank records.

📲 A major step towards a smarter, paperless, and technology-driven banking system.

What do you think about this digital transformation? Share your views in the comments. 👇

#Banking #DigitalBanking #BankersBooksEvidenceBill2026 

New law to make banking rdcords more future

Demand 5 day notice. Hold demonstration on 12th August

DA CHART FOR BANKERS

Da for Banker from Aug'26

On 31.07.26 Govt declared CPI for the month of Jun'26 as 151.90 with an increase of 1.10 points from the previous month i.e. May'26. . Bankers DA calculator is updated hereunder on the basis of CPI for the month of Apr'26 to Jun'26. Earlier the Govt vide their notification dated 22.10.20 (click to view the letter) has changed the Consumer Price base year from 2001=100 to 2016=100 for Industrial Workers.

Calculate your DA on the basis of CPI data announced by the Govt for the months of Apr'26 to Jun'26. DA payable for the period Aug'26 to Oct'26 is 27.83% as per 12^th BPS

Expected DA for Bankers

Banks suffer huge haircuts

Over 8 lakh bank staff to benefit from ibas revised medical insurance policy

RBI permits to operate NRO account with Power of attorney holder with some restriction

RBI permits to operate NRO account with Power of attorney holder with some restriction:

Refer master direction,

Operation of NRO account by Power of Attorney holder

Powers have been delegated to the authorized dealers/banks to allow operations on an NRO account by Power of Attorney granted in favour of a resident by the non-resident individual account holder provided such operations are restricted to:

(i) All local payments in Rupees including payments for eligible investments subject to compliance with relevant regulations made by the Reserve Bank; and

(ii) Remittance outside India of current income in India of the non-resident individual account holder, net of applicable taxes.

(iii) The resident Power of Attorney holder is not permitted to repatriate outside India funds held in the account other than to the non-resident individual account holder nor to make payment by way of gift to a resident on behalf of the non- resident account holder or transfer funds from the account to another NRO account.