Banks to remain shut for 5 out of 6 days from today

Banks to remain shut for 5 out of 6 days from Friday

Banks across the country will remain shut for five days from Friday, with the exception of Monday, due to a strike calls by two unions and three holidays.

The banks will remain closed from Friday (December 21) to Wednesday (December 26), except Monday (December 24).

The All India Bank Officers' Confederation (AIBOC) has called for a strike on December 21 while the United Forum of Bank Unions (UFBU) has called for a shut down on December 26.

December 22 is a holiday for banks being fourth Saturday and December 23 is a Sunday.

December 25 is Christmas, effectively leaving only December 24 for banks to open.

AIBOC has called for a strike on December 21 demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday.

"We called the strike on December 21 demanding full and unconditional mandate for the XIth bipartite wage revision talks based on a charter of demands submitted in May, 2017. No headway has been made in the process so far even after 19 months since discussion on wage revision began," All India Bank Officers Confederation's (AIBOC) Assistant General Secretary Sajay Das said.

According to him, over 3.2 lakh officers of the union would participate in the strike as "no perceptible initiative" was observed from Indian Banks' Association to impress upon the five banks who have not yet submitted the unconditional mandate".

The union opposed the current move to restrict the salary settlements only up to Scale III by citing non-receipt of the 'unconditional mandates' from five banks as a reason whereas 15 banks from the public sector and two private banks have already given 'unconditional mandates'.

"AIBOC believes that it is nothing but a farcical logic to restrict the wage negotiations up to the officers in scale III whereas the entire officer community is covered under unified Service Regulations," the statement said.

During strike on Friday, services at ATMs are expected to be "normal" while on December 26, ATM services would also be affected.

The strike call also features "the burning issue of the announcement proposing to merge three public sector banks - Bank of Baroda, Vijaya Bank and Dena Bank – and the consolidation of Regional Rural Banks, union's West Bengal unit President Subhujyoti Chattopadahyay said.

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