5 days Banking – Latest update – Will it be final?
5 Days Banking is a long pending demand of Bankers. This demand has is being carried forward from one settlement to settlement.
Two Saturday’s off was achieved in 2015 at the cost of giving away all Saturdays half days working.
The issue is still under discussion between Bank Unions and IBA. In reference to a meeting between Indian Banks Association and Bank Unions, AIBEA, NCBE, NOBW and INBEF through a joint letter responded to IBA for 5 days banking.
The Unions through the letter informed that working hours may be increased by 30 minutes. The working of banks may be started 30 minutes early in the morning from the existing times. This is to compensate for loss of working hours due to extra Saturdays to be declared as holidays.
Copy of letter :