India
UFBU plans 3-day bank strike from September 28
The Indian Express··2d ago
The United Forum of Bank Unions called a three-day strike from September 28 seeking five-day banking and an end to the PLI scheme. The Finance Ministry said the dates coincide with half-yearly closing on September 30. Public sector and regional rural banks will operate on Sunday, September 27, with RBI approval. September salaries may be paid on September 25.
Prism
What It Means For You
- Customers of public sector and regional rural banks should plan cash and cheque needs around September 28 to 30.
- Digital channels, ATMs and some private banks may still work depending on each lender's notice.
- Central government staff may receive September salary on September 25 before the strike window.
What's Happening
- UFBU says it represents 90 percent of the banking workforce.
- The government this week kept the PLI scheme in abeyance and urged dialogue instead of strikes.
- Bank of Baroda asked customers to use digital services during the proposed strike.
What stays open
- September 30 half-yearly closing covers reconciliation, provisioning and treasury operations.
- The ministry warned an effective five-day service gap if the strike follows a weekend.
- RBI approved full operations for PSB and RRB branches, ATM-link offices and currency chests on September 27.
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