Thursday, March 2, 2023

All set to begin 5 days' week in Banks, implementation likely soon.

Here comes a piece of good news for the bank employees. They will soon get 2 days of weekly offs as the Indian Banks Association (IBA) is said to be considering bank unions’ demand for a five-day work week, according to a report by News 18.

However, the report claimed that the working hours might be increased by 50 minutes each day in 5-day work week.

n this matter, talks are going on between the IBA and United Forum of Bank Employees (UFBEs), and the association has agreed in principle for a 5-day work week.

S Nagarajan, general secretary of All India Bank Officers’ Association, was quoted by Times of India as saying that the government will have to notify all Saturdays as holidays under Section 25 of the Negotiable Instruments Act. The bank employees at present work on alternate Saturdays.

The TOI report suggested that the employees will need to work 40 minutes extra every day from 9.45 AM to 5.30 PM.

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