All India Bank Officer’s Confederation, the All India Bank Officer’s Association, the Indian National Bank Officer’s Congress and the National Organisation of Bank Officers have called for a strike from September 26 to 27 to protest against the merger of 10 state-run banks into four bigger banks.
The bank announced the bank strike for two days that is 26th and 27th of September. Meanwhile on 28th September bank will close as it is fourth Saturday of the month and Sunday is a weekly holiday. Due to This four day, bank holiday will affect the banking operation. Not only cheque clearances but ATM services too might get affected as a result of the bank strike followed by two consecutive weekly offs.
The National Electronic Funds Transfer (NEFT) and RTGS (Real Time Gross Settlement System) payments system become a 24×7 operations from December, bank customers will face less inconvenience during such bank strikes and long bank holidays. Presently, NEFT and RTGS services are available only from 8 am to 7 pm on all working days, except the second and the fourth Saturday of the month.
Read EquityPandit’s Nifty Bank Outlook for the Week