– Advertisement –
5 Days Working in Bank: There may be a relief news for the employees working in government banks . The Indian Banks Association ( IBA) has proposed to the government that banks should be closed every Saturday and work should be done only from Monday to Friday.
The government is considering a 5-day working week for banks, although no final decision has been taken yet. Responding to this in the Lok Sabha on 28 July 2025, the Finance Ministry said that the proposal is under review and no fixed date for implementation has been given yet.
What are the rules now ?
At present, the country’s public sector banks ( PSBs) remain closed on the second and fourth Saturdays of every month. Banks remain open on the remaining Saturdays. This rule came into effect in 2015, when the 10th bilateral agreement was signed between IBA (Indian Banks’ Association) and bank unions.
What is the new proposal of IBA ?
IBA has urged the Finance Ministry to declare all Saturdays as a holiday for banks so that a 5-day work week can be implemented in the banking sector. This would mean that banks would be open only from Monday to Friday.
What did the government say?
The government said that this proposal is still under consideration and no timeline has been given yet for its implementation .
Answer to the shortage of staff
MP KC Venugopal had also raised a question in the Lok Sabha about the shortage of staff and the time frame for implementing this proposal. On this, the government said that 96% of the total staff posts in all government banks are filled till March 31, 2025. Whatever little shortage there is, is due to retirement and normal resignations.
Who decides the staff in the bank?
The government clarified that every government bank decides its staffing needs through its board . It is based on the business of the bank , retirement of staff and other needs . If this proposal is implemented , there may be changes for the customers , but bank employees may get relief from this .
– Advertisement –
#Big #Update #Banks #Follow #5Day #Work #Week #Saturdays #WhoWiki.org
