Business Banks Protest Against Merger, Bank Employees Across The Country Are On Strike Today

Bank Strike

22-10-2019(Newswire Online) There is a possibility of functioning in many banks across the country today. In fact, two bank unions have called a 24-hour strike today i.e. on 22 October. This announcement by the employee organizations is likely to affect the banking functioning in the festive season. In such a situation people may face problems. Apart from this, due to the Diwali holidays, banks will remain closed for four consecutive days next week.

SBI said it will not have any effect. The strike call has been called by All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI). However, officials and private sector banks will not join the strike. The strike will be to protest the proposed merger of banks and falling interest rates on deposits. However, the State Bank of India (SBI) has issued a statement saying that they will not see the impact of this strike here. SBI said, “The membership of our bank employees in the employees union involved in this strike is very low. In such a situation, the impact on the functioning of the bank will be very limited. ”The impact of this strike will be seen in all public sector banks like Bank of Baroda, Bank of Maharashtra and Syndicate Bank, as these two union employees in these banks are more.

Banks will be closed for 4 consecutive days from 26 October, let us tell you that this week is the festival of Diwali. Due to which, on 26, 27, 28, 29 October, there will be four consecutive days of bank holiday. This will happen due to the fourth Saturday of the month and the Diwali holidays. In this case, keeping in mind the needs related to cash, deposit and withdrawal, if you complete them beforehand, then you will be comfortable.

Cash shortage can cause problems; Withdrawals from ATMs may also be affected due to banks being closed. The ATM holds reserve cash for two days, but after that there can be trouble in withdrawing cash. Similarly, it may also take time to clear the check.

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