With the increase in salary, employees of public sector banks may go on a three-day strike next month to demand a 5-day working week. Apart from this, if the strike of the bank unions is in accordance with their plan, then many banks can remain closed for six consecutive days. This can severely affect many types of banking services, including ATMs. The employees of the same public banks have gone on strike on 31 December and 1 January for their demands. In addition, according to the Bank Employees Federation of India (BEFI) and All India Bank Employees Association (AIBEA), the bank employees went on strike for three days from March 11 to 13 after negotiations with the Indian Banks Association (IBA) failed on pay revision. 

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Holi on 10 March, second Saturday on 14
Public sector banks can remain closed for six consecutive days if this announcement of unions involving banks is implemented. The bank unions have called for a strike from 11 March. A day before that, on March 10, due to Holi, banks will remain closed in most parts of the country. Apart from this, the strike of the bank employees will last till March 13. Banks will remain closed due to the second Saturday on March 14. There will be no work in banks due to Sunday on March 15. In this way, there will be no work in public sector banks from 10 March to 15 March. It is expected to have a very adverse effect on the banking system and business.

There will be work in private areas
However, public sector banks like Axis Bank, ICICI Bank, and HDFC Bank may not hold a strike. If this proposed strike happens as per the planned plan of the bank unions, there will be a third time in the year, when the bank employees will be on strike. The bank employees took part in the nationwide Bharat Bandh on January 8 before the January 31-February 1 strike.

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Indefinite strike warning from April 1
Bank unions have said that if their demands are not met, they will go on an indefinite strike from April 1 across the country. The revision in the salaries of the bank employees has been pending since November 2017 as the talks in this regard have so far failed.

5-day working demand
Bank unions are also demanding the implementation of 5 days working. The IBA rejected the proposal saying that India already has the highest number of public holidays compared to any other country. According to the IBA, the common people will face a lot of problems by closing the banks on all Saturdays with Sundays. Other demands of bank unions include demands to include special allowances in basic pay, the abolition of a new pension scheme and improving family pension.

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