Banks going for strike on January 31st & February 1st

Syllad | The Rising MeghalayaJanuary 17, 2020

SHILLONG: You may well have to keep cash in handy in even of the ongoing school admission else you will be in trouble if the two days All India Bank Strike goes ahead as scheduled on January 31st and February 1st this year as the ATM may go high and dry as there will hefty transaction for paying school fees, school text books and school uniforms.

The two days All India Bank Strike was called by the United Forum of Bank Unions on Wednesday to pressurize the central government to fulfill their demands. Though the Union has called only for two days strike but the Bank will remain closed for three consecutive days as January 31st falls on Friday while February 1st is Saturday and February 2nd is Sunday. 

The United Forum of Banks Union have placed their 12 points demands before the Indian Bank Association and the Government viz., are wage revision settlement at 20% hike on pay slip components with adequate loading thereof, 5 day banking, merger of special allowance with basic pay, scrapping new pension scheme (NPS), updation of pension, improvement in family pension and allocation to staff welfare fund based on operating profits. 

The other demands are exemption from income tax on retiral benefits ceiling, uniform definition of business hours, lunch hours, etc in branches, introduction of leave bank, defined working hours for officers and equal pay for equal work for contract employees/business correspondent.

If their demands are materialized at the end of the two days then the Union has already fix another three days All India Bank strike on March 11th, 12th and 13th this year and also threatened to go for an indefinite strike from  April 1st this year.