3-day bank strike: Will your September salary be delayed? Here’s all you need to know
A bank strike from September 28-30 could delay salaries, depending on banks' and employers' methods. Public sector banks might be disrupted while major private banks may remain operational.
A strike by bank unions from September 28 to 30 is expected to delay some September salaries. The extent of the delay depends on the employer's payment arrangements and the banks involved. Companies that use digital banking and have ample funds might still pay salaries on time, although disruptions could still occur. Older private banks such as Federal Bank and South Indian Bank could face more significant disruptions.
Digital services like UPI, internet banking, and ATMs will remain operational, but cash transactions and cheque clearing at branches will be affected. Central government employees received their salaries early on September 25 as a preventive measure, but private employees should not assume this arrangement applies to them. Banking services will not completely cease during the strike, with UPI, mobile banking, internet banking, and ATMs remaining available.
However, customers are advised to complete important transactions before the strike, especially considering the banks' half-yearly closing on September 30.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
