In the meeting with IBA, UFBU members raised several issues including recruitment in all cadres and five-day working week. National Confederation of Bank Employees (NCBE) General Secretary L Chandrashekhar said that despite the meeting, the main issues remain unresolved. UFBU, an integrated body of nine bank employee unions, had earlier announced a strike over these demands.

These are also demands

UFBU has demanded immediate withdrawal of the recent instructions of the Department of Financial Services (DFS) on performance review and performance-linked incentives, which threaten job security and create divisions among employees. UFBU alleged that micro-management of PSBs on policy matters by the Department of Financial Services has undermined the autonomy of the respective boards. It also demanded resolution of pending issues with the Indian Banks’ Association and amendment of the Gratuity Act to increase the limit to Rs 25 lakh on the lines of the scheme for government employees and exemption from income tax.

Who all are included in UFBU

The members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI). Earlier, AIBOC had threatened to go on a two-day nationwide strike on February 24-25, 2025.

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In fact, the United Forum of Bank Unions (UFBU) has postponed the two-day nationwide bank strike to be held on January 30-31 following the consensus reached in the conciliation meeting held in Mumbai.

Why was the countrywide bank strike postponed

All India General Secretary of Bank Employees’ Association (AIBEA) CH Venkatachalam has informed that the bank unions will first discuss their demands on January 31. According to Venkatachalam, the Indian Banks’ Association (IBA) has agreed to hold a meeting with the unions on January 31.

In the conciliation meeting held on Friday, it was decided that three common issues of five-day banking, updation of pension and restoration of old pension scheme would be discussed on January 31. Other issues will be discussed separately with the concerned authorities and labor unions.

Who had decided to go on strike

Significantly, the UFBU, a group of several bank unions, had earlier decided to go on strike for their various demands. According to him, these demands are being put before the ministry for a long time and no decision has been taken on them.

Bank unions have many demands – know about some

Bank unions have several demands including 5-day banking working culture, upgradation of pension, residual issues, scrapping of National Pension System (NPS), immediate commencement of negotiations on charter of demands for wage revision and adequate recruitment in all cadres. The decision to call the strike was taken by the UFBU.

The post Bank Customers Alert ! Bank unions have decided on the strike of 30-31 January, know details first appeared on Rightsofemployees.com.

SBI said that we have been informed by the Indian Banks’ Association (IBA) that the United Forum of Bank Unions (UFBU) has issued strike notice to the associations associated with UFBU ie AIBEA, AIBOC, NCBE, AIBOA etc. Bank employees have announced to go on nationwide bank strike on 30 and 31 January 2023 to get their demands met.

Strike expected to affect work

Let us tell you that the United Forum of Bank Unions (UFBU) has called for a two-day strike from January 30. In view of this, the State Bank of India (SBI) has informed the customers that due to the two-day bank strike called by the Union Forum of Bank Unions (UFBU) on January 30 and 31, the functioning may be affected. SBI said that we were told by the Indian Banks’ Association (IBA) that UFBU has informed about the strike.

What are the demands of the bank employees going on strike?

AIBEA General Secretary CH Venkatachalam said that the strike has been announced to resume the bank employees’ movement. He told that there are 5 demands of bank employees – banking, pension should be updated, many old issues, NPS should be abolished, salary should be revised and recruitment should be done in all cadres.

Banks will remain closed on these dates

• January 28 is the fourth Saturday, so the bank will remain closed.
• 29 January is a weekly holiday on Sunday.
• The bank will remain closed on 30 and 31 January due to the bank employees’ strike.

What are the five demands of bank employees

• Banking work should be done in five days.
• Pension should be updated.
• NPS should be abolished.
• There should also be talks for an increase in salary.
• The recruitment process in all cadres should be started at the earliest.

The post Bank Strike Alert: Bank employees announced nationwide strike, banks will remain closed for so many days, know what is the update first appeared on Rightsofemployees.com.