Budget 5 Days Working in Bank: Will bank employees get relief in the budget? Will the government announce that banks will remain open for five days in the budget? Bank employees have been demanding from the government for a long time to work for five days. This is a big question in the minds of crores of bank customers and bank employees for a long time that whether the government will give 2 days holiday to the banks in a week? If this happens, banks will have to work 40 minutes extra in the branch every day. Till now work in banks is done on first and third Saturday. Banks remain closed on second and fourth Saturdays. There have been several discussions between the Bank Employees Association, RBI and government officials regarding working for 5 days in banks. However, now it remains to be seen whether the government will announce this in the budget or not?
Will banks work 5 days a week after the budget?
Till now banks in the country are closed on all Sundays, second and fourth Saturdays. Banks get holidays except one Saturday. That is, one Saturday one has to work and the next Saturday is working. Bank employees and bank unions have been demanding a 5-day working week for a long time. That means there will be work in banks from Monday to Friday and all Saturdays and Sundays will be closed in banks. That is, bank employees are demanding 8 leaves in a month instead of 6 leaves. For this, an agreement has been reached between bank employee unions and Indian Banks Association (IBA). Now this entire matter is pending with the government and RBI.
Will this be the new time for opening and closing of bank branches of private-public sector banks after the budget?
According to reports, if the government approves this proposal, banking hours will increase by 40 minutes. If this happens, bank branches will open from 9:45 am. Which opens for public dealing at 10 am. That is, the bank branch will open for the public 15 minutes before its regular time. The bank branch will be closed by 5:30 in the evening. Which remains open till 5 o’clock. At present, most banks are opened for public dealing from 10 am to 4 pm. Unions say that implementation of 5 day working will not affect customer service. The working hours of bank employees can be increased by about 40 to 45 minutes daily.
Government approval pending
The 9th joint note has been signed between IBA and bank unions in March 2024. There is a proposal of working 5 days a week, however, currently banks will be open only for 5 days. To implement this, approval from the Finance Ministry and the Reserve Bank of India (RBI) is required. Bank employees are hoping that the government will announce 5 days working in the budget.
Government will present the budget on February 1
The Modi government at the Center will present its budget on 1 February 2025. This budget will be the first full budget of the third term of the Modi government. Finance Minister Nirmala Sitharaman will present this budget in Parliament.
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