Banks to Remains Closed For Five Days in a Row – Strike Opposing Merger of Banks: Check Out

Banks to Remains Closed For Five Days in a Row – Strike Opposing Merger of Banks: Check Out

September 20: Following Finance Minister Nirmala Sitharaman’s announcement of merging 10 state-run lenders into four entities, four public sector bank unions have announced the two-day strike in protest. All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO) — have together announced a two-day nationwide strike on Thursday, September 26 and Friday September 27.
The strike is followed by two-day holidays on account of second Saturday and Sunday. While Monday, September 30 is not an RBI-declared bank holiday, but it is the day of half-yearly closing, and public dealing might be severely restricted, or non-available.
This is going to severely affect the bank services such as cash deposit, salary credit for employees and cash transfers. The public will have to make required arrangements to complete all necessary transaction either before the strike or wait till the banks reopen.