Three-Day Bank Strike From September 28, What SBI And Other Banks Are Advising Customers To Do?

Mumbai: SBI, Indian Bank, Punjab National Bank and Union Bank of India have advised customers to complete crucial transactions early as a nationwide bank strike looms from September 28 to September 30. The strike, called by the United Forum of Bank Unions (UFBU), coincides with September 26 and 27, causing concern over a five-day disruption if demands aren't met.

SBI encouraged customers to utilize ATMs, customer service points, YONO, internet banking, mobile banking, UPI and other digital platforms, which are expected to remain fully functional during the strike. Similarly, Indian Bank urged customers to rely on digital channels, as branch-level services might be impacted. The main demands of the UFBU include instituting a five-day workweek and rescinding the Performance Linked Incentive (PLI) scheme.

Employees from 40,000 banks have opted to stay off work during this period, seeking a standard five-day workweek akin to the Reserve Bank of India and Life Insurance Corporation. In a bid to avoid the strike affecting five consecutive days, public sector and Regional Rural Banks have been granted permission to operate normally on Sunday, September 27.